115 Melaleuca Road, New Italy, NSW 2472 | Property Value & History | OnTheHouse
OFF MARKET

115 Melaleuca Road
New Italy NSW 2472

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 809400m2
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Property Details for 115 Melaleuca Rd, New Italy

Building Type
Rural
Land Size
809400m2
Local Government
Richmond Valley
Lot/Plan
48/DP755609

Last Listing description (January 2023)

An amazing and unusual opportunity exists for the potential buyer looking for a 7 ha block to build on whilst having access to approximately 138 ha of paperbark forest and wetland stretching out to the Rocky Mouth Creek.

138 ha of the land is protected under a Biobank agreement started in May 2019. The agreement offers an annual income for the maintenance of the protected land averaging $8,000 per year or $155 per week.

Maintenance requirements for the biobank agreement include:

Fence Maintenance
Pest and Weed Control
Yearly report to demonstrate compliance with Biodiversity Stewardship Agreement

There is ample opportunity to generate additional species credits to be sold, with the current owners having completed initial investigations. Please enquire below for more information or visit http://www.bct.nsw.gov.au/general-resources.

The 7 ha block is accessed from the Crown Road at the very south end and is located at the highest part of the property. It has been semi-cleared with a new steel post fence separating the biobanked area with the remaining land. This elevated area would make a perfect spot for an off the grid home to take advantage of the peaceful surrounds.

Property History for 115 Melaleuca Rd, New Italy, NSW 2472

A timeline of how this property has performed in the market
Last Sold
$142,500
13 Feb 2017
  • 04 May 2022
    Listed for Sale By negotiation $300,000 - $330,000
  • 25 Jun 2020
    Listed for Sale $300,000
  • 07 Jul 2017
    Listed for Sale $300,000
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About New Italy 2472

The size of New Italy is approximately 61.7 square kilometres. There are 2 parks, covering nearly 0.1% of the total area. The population of New Italy in 2016 was 187 people. By 2021 the population was 249 showing a population growth of 33.2% in the area during that time. The predominant age group in New Italy is 50-59 years. Households in New Italy are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in New Italy work in a managers occupation.In 2021, 87.20% of the homes in New Italy were owner-occupied compared with 86.90% in 2016.

New Italy has 164 properties. Over the last 5 years, Houses in New Italy have seen a 34.51% increase in median value. As at 31 August 2026:

  • The median value for Houses in New Italy is $1,028,548.
There are currently 4 properties listed for sale, and no properties listed for rent in New italy on OnTheHouse. According to Cotality's data, 8 properties were sold in the past 12 months in New italy.

Suburb Insights for New Italy 2472

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality 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 Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.