23 Morrisons Gap Road, Hanging Rock NSW 2340
This property is Off Market
- Last sold 6/5/2015 for $265,000. The Average property price in this area is $787,203, this is based on recent transactions.
- Internet speed Download 25 Mbps / Upload 5 Mbps
- Distance to the coast 139.79 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
- 1/22/2024 824 BARRY RD $260,000
- 12/15/2023 865 BARRY RD $250,000
- 8/2/2023 790 BARRY RD $380,000
- 3/3/2023 958 BARRY RD $500,000
- 5/5/2022 640 SHEARERS RD $520,000
About Tamworth Region
With an average age of 53, households expect an average monthly mortgage payment of $934 or a weekly rent payment of $260. The average family earns a weekly income of $1,187 with a typical household size of 2.1 and a 100.81% employment rate.
In Hanging Rock there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Hanging Rock 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. A mix of professions and above average income earners in Hanging Rock provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Hanging Rock to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Hanging Rock we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Hanging Rock a better buying opportunity than it may have been in the past.
Population
(Country of Birth not stated 11%)
Are people healthy?
There are a recorded 2560 asthma sufferers and 1090 people living with diabetes. In addition, 1221 people have a heart/vascular condition and 2396 people live with three or more chronic diseases.A good place to invest in property?
Tamworth Region 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
17 / 100
31 / 100
Industry
18 / 100
22 / 100
Population
21 / 100
19 / 100
House Prices
47 / 100
60 / 100
Jobs
29 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsNundle PS Tamworth HS
Property Story
23 Morrisons Gap Road, Hanging Rock, Nsw, 2340 is a residential property . The estimated distance to the sea is 139.79km and 0.08KM 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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