659 Hermitage RoadPokolbin NSW 2320
Property Details for 659 Hermitage Rd, Pokolbin
Last Listing description (January 2024)
PROFITABLE INVESTMENT, LIFESTYLE CHANGE OR FULLY LEASED ASSET
Set in park-like grounds on one of Hunter Valley Wine Country's most sought-after tourist routes, these six cottages offer accommodation for up to 44 people and offers plenty of upside.
Spanning some 12 acres of land, the property is composed of a four bedroom, two bathroom Managers Residence, a four bedroom, two bathroom guest lodge sleeping up to twelve people and four two bedroom, one bathroom cottages which each sleep up to six. There is also a central pool with games room and guest bathroom and plenty of natural parkland for space and tranquillity.
The business is well established, completely managed by a fantastic external manager and profitable. It could also be owner operated with the owners residing in the Managers Residence.
It is located within walking distance to numerous cellar doors, a caf and a brewery and caters to the many thousands of people who visit the Hunter Valley each year for concerts, weddings, weekend breaks and other similar events. The property also has excellent access to the Hunter Expressway taking you direct to Newcastle and Sydney within 1 and 2 hours respectively.
Inspection by private appointment.
Property History for 659 Hermitage Rd, Pokolbin, NSW 2320
- 22 Nov 2023Sold for $2,300,000
- 23 Dec 2022Listed for Sale $2,500,000
- 02 May 2018Sold for $1,360,000
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0About Pokolbin 2320
The size of Pokolbin is approximately 132.8 square kilometres. It has 10 parks covering nearly 9.6% of total area. The population of Pokolbin in 2016 was 961 people. By 2021 the population was 1049 showing a population growth of 9.2% in the area during that time. The predominant age group in Pokolbin is 60-69 years. Households in Pokolbin are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Pokolbin work in a managers occupation.In 2021, 84.80% of the homes in Pokolbin were owner-occupied compared with 77.50% in 2016.
Pokolbin has 1,648 properties. Over the last 5 years, Houses in Pokolbin have seen a 35.57% increase in median value, while Units have seen a 51.74% increase. As at 31 March 2026:
- The median value for Houses in Pokolbin is $1,213,863 while the median value for Units is $444,944.
- Houses have a median rent of $650.
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