Melrose, 286 MELROSE ROAD Mount Frome NSW 2850
This property is Off Market
- Last sold 11/30/2015 for $1,065,000. The Average property price in this area is $649,032, this is based on recent transactions.
- Internet speed Download 25 Mbps / Upload 5 Mbps
- Distance to the coast 174.21 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
- 6/11/2024 1214 LUE RD $1,235,000
- 12/18/2023 73 OAKLANDS RD $900,000
- 8/19/2022 348 MELROSE RD $1,900,000
- 7/7/2022 10 OAKLANDS RD $1,600,000
- 5/11/2022 325 MELROSE RD $1,610,000
About Mudgee Region - West
With an average age of 45, households expect an average monthly mortgage payment of $1,821 or a weekly rent payment of $352. The average family earns a weekly income of $2,416 with a typical household size of 2.7 and a 97.75% employment rate.
In Mount Frome 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 Mount Frome 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 Mount Frome 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 Mount Frome 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
Kandos
General Points of Interest
Mudgee Swimming Pool
Slow Fox Winery
Mudgee Golf Club
Glen Willow Regional Sport Stadium
Mudgee Miniature Railway
Henry Lawson Memorial
Population
(Country of Birth not stated 9%)
Are people healthy?
There are a recorded 1473 asthma sufferers and 692 people living with diabetes. In addition, 731 people have a heart/vascular condition and 1308 people live with three or more chronic diseases.A good place to invest in property?
Mudgee Region - West 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
07 / 100
22 / 100
Population
08 / 100
19 / 100
House Prices
45 / 100
60 / 100
Jobs
22 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsMudgee PS Mudgee HS
-
Mudgee High School
Mudgee, NSW, 2850 State 7-12 -
Cudgegong Valley Public School
Mudgee, NSW, 2850 State K-6
Property Story
Melrose, 286 Melrose Road, Mount Frome, Nsw, 2850 is a residential property . The estimated distance to the sea is 174.21km and at least 2.67KM to vegatation considered to be a factor in bushfire risk.Local Developments
To see the latest development applications
Join usAlready have an account? Sign in
-
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.
Report this property
The new way of conveyancing from Australia’s leading conveyancer - Smart, simple and secure
