61-63 Mahonga Street

Jerilderie NSW 2716

5/6 Bedroom House with a Seperate Granny Flat
Your new house is 5-6 bedrooms with a self contained granny flat separate to the main house and is located at 61-63 Mahonga Street, Jerilderie NSW 2716 with a spare block total land area 2023 sqm Granny flat tenanted at $45p.w - ideal investment opportunity. $110,000.00 Credit Card facilities available (3% fee) An ideal investment opportunity or a perfect lifestyle change, this property lies in the heart of Ned Kelly Country. This is where Ned wrote his famous letter to the Governor so the historical value of Jerilderie keeps this little township thriving. What is happening in Jerilderie? Macquarie Bank have just purchase Poogikook Merino Stud in Jerilderie as part of their 1 billion dollar investment strategy to purchase over 300,000 cattle and 300,000 sheep over the eastern states over the next 2-3 years. Where is it and what do you get? Jerilderie is 132km direct line to Albury (population 100,000) & 151km direct line to Wagga Wagga (population 60,000) and located 638 km south-west of Sydney via the Hume and Sturt Highways and 109 m above sea-level and has approx. 900 residents. The house is positioned on a 2023 sqm block of land which can be subdivided to create two separate blocks. The main house has been leased for the past two years for $100 per week, we have not leased the main house again as we are looking to renovate the main house. Full brick house with enclosed fibro verandas to create a massive living space. The 1 bedroom granny flat with bathroom and living room/kitchen which is currently rented for $45 per week Situated in the shire of Jerilderie, your rates are just $1470 per year, and the block is zoned residential 2 a. with no water restrictions The house is one of the few houses that remains to be renovated so there are guaranteed good capital gains for minimum investment and the vacant block of land can be subdivided to fund the renovation of the main house. The house requires work some work to be done on it, anywhere from $10-30K to make a quick return on your investment or to have the right tenant move in. As we live in Sydney and now have a larger family from when we first built it we don't have the time to drive down and do the work ourselves. We have recently refinance our small mortgage on the property and have a current valuation which confirms our asking price. If you require bank finance on the property you will only be able to receive 70% total funding as it classified as rural. Happy to ask any questions, thanks. Info about Jerilderie: Jerilderie is located on the Newell Highway, approximately 60 kilometres north of the Victorian border and is nestled on the banks of the Billabong Creek, the longest creek in Australia. Renowned in history for being the only place in NSW that Ned Kelly visited and the origin of the Jerilderie Letter, it is a thriving agricultural area. As well as producing rice, wheat, soya beans, canola, wool, beef, grapes, and onions, latest statistics show that 24% of the gross national tomato product is grown in the area, as well as 5% of the world supply of liquorice. Jerilderie is considered the gateway to the Kidman Way, a fully sealed road to the outback travelling through Griffith, Hillston, Cobar, Bourke and onto Queensland.
Jerilderie is well catered for with its many sporting and recreational facilities including Sports Stadium/Swimming Pool, Racecourse/Showground, Jerilderie Golf Club, Jerilderie Bowling Club, websites to visit for more info: