Returning over $52,000pa, this undulating and well located 122ha property is a perfectly set up rural earner! Future-proofed with three sources of income - tree lease, house rent, and grazing lease, you have options going forward.
The trees return over $30,000pa and the lease runs to 2028 with a further 15 year option.
The 4 bed 2 bath home with 60m2 shed is kept beautifully by the longterm tenants. It is under lease until 21/6/2023. The house plus 3.7ha around it is excluded from the tree lease and grazed by a neighbour.
The size of Courtenay is approximately 65.2 square kilometres. It has 2 parks covering nearly 18.9% of total area. The population of Courtenay in 2011 was 355 people. By 2016 the population was 36 showing a population decline of 89.9% in the area during that time. The predominant age group in Courtenay is 10-19 years. Households in Courtenay are primarily childless couples and are likely to be repaying not stated per month on mortgage repayments. In general, people in Courtenay work in a managers occupation. In 2011, 71.8% of the homes in Courtenay were owner-occupied compared with 42.1% in 2016..
Courtenay has 47 properties. Over the last 5 years, Units in Courtenay have seen a -77.73% decrease in median value. As at 31 October 2024:
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