Price Range: from $200 to $2,500,000
Land Area Range: from 10 m2 to 1,000 m2
Other Features
  • 5 months ago
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Reduced Price! Rural Property in Millers Forest Urgently For Sale To Pay Off Mortgage

$1,550,000

Description

This 51-acre (Approx. 21Ha) property presents a significant opportunity for farm business expansion or a pursuit to a rural lifestyle. It features a durable 4-bedroom home and is set on fully fenced, high-quality grazing land with 400 meters of river frontage. The established infrastructure is ready for immediate use.

For an established grazing business, this property offers valuable scale and reliable resources. The land has a proven history and can easily support over 30 head of cattle, with its own water sources, stock mound, and fencing in good order. Its zoning also opens up potential for future development.

For those seeking a lifestyle change, this property provides a peaceful retreat without sacrificing convenience. Located just five minutes from Raymond Terrace, you can enjoy the serenity of country living on a large, chemical-free block while remaining close to schools, shops, and major transport routes.

This asset represents a rare chance to secure a large, versatile property near a major town centre. Whether your goal is to extend an agricultural enterprise or create a private hobby farm, this land provides the space and potential to achieve it.

Key Details & Figures:

  • Land: 51 acres of fenced, chemical-free (40 years) grazing land.
  • House: 4-bedroom home with ducted air conditioning and full insulation.
  • Water Frontage: 400 meters of river frontage.
  • Outbuildings: Three storage sheds.
  • Farming Features: Can support over 30 cattle. Includes stock mound, seasonal dams, and water troughs supplied by town water.
  • Utilities: Town water, tank water, and solar electricity connected to the large shed.
  • Zoning: Primary Production.

Potential Income Estimates (as claimed by advertiser):

  • House Rental: ~$800 per week
  • Workshop Shed Rental: ~$500 per week

Approximate Drive Times:

  • Raymond Terrace CBD: 5 minutes
  • M1 Freeway: 8 minutes
  • Maitland: 15 minutes
  • Newcastle Airport: 20 minutes
  • Newcastle: 25 minutes
  • Sydney Airport: 120 minutes

Sale Process: The price is AUD 1,550,000 (Negotiable). Contact the agent to arrange a private inspection.

Response regarding the flood issue and other matters:

  1. The property uses town water supply plus a rainwater collection system; it is not legally permitted to draw water from the river.

  2. Flood zone: It is indeed in a flood-prone area, but flooding incidents are very rare. The property is insured, and the insurance has never been claimed. It is still rented out at $800 per week. The house is located above the flood level.

  3. Taking the flood risk into account, the bank’s property valuation is still above $2.3 million.

Overview

  • Address Millers Forest
  • Country Australia

Details

  • Property ID 84
  • Price $1,550,000
  • Property Type
  • Property Status
  • Bedrooms 4
  • Land area 206,390 m2

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Reduced Price! Rural Property in Millers Forest Urgently For Sale To Pay Off Mortgage

Bruce Yu

Consultant