2 Houses on 15.7 Subdividable Acres with $680pw Rental Income

This incredibly rare offering presents a unique opportunity for buyers in our lucrative lifestyle market.
Potential to subdivide the 2 dwellings/improvements off and retain the third 2ha (4.9ac) to build STCA.
It's all permitted under its RU4 Rural Small Holdings zoning which carries a minimum land area of 2ha.
Notably, both properties have fresh water storage tanks and House 2 has a windmill bores & dam.
Its total land area is approx. 15.72 acres in one exiting parcel with NO proposed plan of subdivision

House 1 - 4207 Murringo Road
Small, 1 bedroom 1 bathroom fibro cottage on the corner of Murringo & Telegraph Roads
Sale subject to existing tenancy currently - new 12 month lease returning $220pw expiring 15/12/2024
Very basic investment, that's always enjoyed low vacancy with carport & garden shed.

House 2 - 151 Telegraph Road
Deceptive 3 bedroom, 2 bathroom predominantly brick home with potential to renovate & improve. Suprising inside and presents well considering its long rental history. New 6 month lease in place at $460pw expiring 19/04/2024. Unsealed road frontage and access off Telegraph Road at the rear of the property. Improvments include detached laundry outer building, single garage and sunstantial old, but good shedding.

Land banked for more than 23 years, its owner has decided to divest and make it seriously attractive.
Astute property investors this is a 'no brainer', so be quick to seize this opportunity to captitalise!

Please Note: Whilst all care has been taken by Ray White Young to ensure accuracy in preparation of the particulars herein, no warranty or representation, express or implied, as to the accuracy or completeness of the particulars provided is made or given by us and interested parties must therefore rely on their own enquiries. Liability for any error, omission, negligence or misrepresentation is hereby excluded.

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School catchments

New Madinah College Combined K-10 Independent 2.6km
Young North Public School Primary K-6 Government 2.6km
St Mary's Primary School Primary K-6 Catholic 3.2km
Hennessy Catholic College Secondary 7-12 Catholic 3.6km
Young High School Secondary 7-12 Government 3.6km
Young Public School Primary K-6 Government 3.6km
Maimuru Public School Primary K-6 Government 13.8km
Wombat Public School Primary K-6 Government 13.9km
Monteagle Public School Primary K-6 Government 14.6km
Murringo Public School Primary K-6 Government 17.3km
Trinity Catholic Primary School Primary K-6 Catholic 24.8km
Murrumburrah Public School Primary K-6 Government 25.5km
Murrumburrah High School Secondary 7-12 Government 26.5km
Wallendbeen Public School Primary Government 27.4km
Greenethorpe Public School Primary K-6 Government 36.8km
St Joseph's Primary School Primary K-6 Catholic 37.4km
Koorawatha Public School Primary Government 38.4km
Boorowa Central School Combined K-12 Government 38.5km
Sacred Heart Central School Combined K-10 Catholic 44.2km
Cootamundra High School Secondary 7-12 Government 45.0km
The Henry Lawson High School Secondary 7-12 Government 49.2km
St Raphael's Catholic School Cowra Combined K-12 Catholic 63.8km
Cowra High School Secondary 7-12 Government 65.4km
Temora High School Secondary 7-12 Government 73.7km
St Anne's Catholic College Combined K-12 Catholic 74.2km
Yass High School Secondary 7-12 Government 78.0km
Gundagai High School Secondary 7-12 Government 84.3km
Canowindra High School Secondary 7-12 Government 90.7km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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