![Luke Anderson](/media/images/Screenshot_2022-08-04_155859.2e16d0ba.fill-150x225-c75.jpg)
1391
The Branch
Lane
north arm cove
NSW,
2324
Sold for $499,000
Ultimate Lifestyle Block
This block is perfect for adventure and only 40 mins from Newcastle where else can you buy a large holding so close to town and less than $1000 per acre it is unheard of in 20 years. There is a building site close to the road and features lots of tracks and natural bushland with plenty of wildlife. The holding has been in a Bio banking scheme and still receives an income from the scheme.
The majority of the property, all but 1 ha, is under a biobanking agreement. The income from said agreement varies depending on the term of ownership. The agreement essentially requires the owner to maintain the property by way of pests and invasive flora and fauna, maintenance of boundary fences, and fire trails. The basic idea is that the land is maintained in its natural and native state.
It is a very unique chance to secure a large parcel of natural paradise, with the ability to build on it and be surrounded by total privacy.
We are urging anyone who is seriously interested to call the Office of Environment & Heritage if you have queries about the biobanking agreement.
An exceptionally sized lot, it makes the perfect weekend escape, or your own private natural paradise!
Whilst all care has been taken preparing this advertisement and the information contained herein has been obtained from sources, we believe to be reliable, PRDnationwide Hunter Valley does not warrant, represent or guarantee the accuracy, adequacy, or completeness of the information. PRDnationwide Hunter Valley accepts no liability for any loss or damage (whether caused by negligence or not) resulting from reliance on this information, and potential purchasers should make their own investigations before purchasing.
Agents
![Luke Anderson](/media/images/Screenshot_2022-08-04_155859.2e16d0ba.fill-150x225-c75.jpg)
![James Hannah](/media/images/0Q0A2305-4_KbOStJm.2e16d0ba.fill-150x225-c75.jpg)
Nearby Schools
About north arm cove
median house price
42500median house rent
520suburb rental yield
63.6%Similar Properties
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.