1157 Megalong Road, Megalong Valley NSW 2785
This property is Off Market
- Last sold 10/23/2024 for $910,000. The Average property price in this area is $907,242, this is based on recent transactions.
- Internet speed Download 25 Mbps / Upload 5 Mbps
- Distance to the coast 86.86 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 9/3/2024 707 PEACH TREE RD $1,000,000
- 8/30/2024 125 CALOOLA HALT RD $1,250,000
- 4/11/2023 796 PEACH TREE RD $1,650,000
- 9/13/2022 167 NELLIES GLEN RD $1,250,000
- 8/22/2022 544 PEACH TREE RD $1,750,000
About Blackheath - Megalong Valley
With an average age of 51, households expect an average monthly mortgage payment of $2,019 or a weekly rent payment of $280. The average family earns a weekly income of $2,150 with a typical household size of 2.4 and a 100.0% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Megalong Valley is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Megalong Valley changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Megalong Valley the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Public Transport
Wentworth Falls
Bullaburra
Lawson
Blackheath
Medlow Bath
Katoomba
Hazelbrook
Leura
Mount Victoria
Woodford
General Points of Interest
Sunbath
The Colosseum
Peace Memorial
Megalong Valley Pioneers
Camp Street Climbing
Daniel
Upper Leura Cascades
Dardenelles Pass
Leura Cascades
Mount Rennie Tunnel entrance
Population
(Country of Birth not stated 18%)
Are people healthy?
There are a recorded 640 asthma sufferers and 281 people living with diabetes. In addition, 362 people have a heart/vascular condition and 721 people live with three or more chronic diseases.A good place to invest in property?
Blackheath - Megalong Valley a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
13 / 100
31 / 100
Industry
09 / 100
22 / 100
Population
08 / 100
19 / 100
House Prices
54 / 100
60 / 100
Jobs
17 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsKatoomba HS
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Megalong Public School
Megalong Valley, NSW, 2785 State K-6 -
Katoomba High School
Katoomba, NSW, 2780 State 7-12
Property Story
1157 Megalong Road, Megalong Valley, Nsw, 2785 is a residential property . The estimated distance to the sea is 86.86km and 0.14KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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