294
Gungas
Road
nimbin
NSW,
2480
$950,000
6
2
1
Land: 2 Acre
Idyllic Dual-Dwelling Retreat on 2 Acres - Endless Potential!
Set on a serene 2-acre property just 5km from Nimbin, 294 Gungas Road offers the perfect blend of rural tranquillity and convenience. With two charming dwellings and a studio, this unique property presents an incredible investment opportunity with strong rental returns or exciting potential for eco-tourism development.
Currently tenanted until April 2025, the property generates a combined rental income of $970 per week, making it an excellent choice for investors seeking immediate returns and future growth.
Key Features:
- Expansive 8,100sqm Block: Enjoy privacy, space, and endless possibilities for future development.
- Two Main Homes + Studio: Character-filled dwellings offering comfort, versatility, and income potential.
- Creek Access: A 10m-wide right-of-carriageway easement to the pristine Mulgum Creek.
- RU1 Zoning: Ideal for eco-tourism expansion or creative development.
HOUSE 1
- Built in 1991featuring stunning stained glass windows handcrafted by a local artist
- 3 Spacious Bedrooms & Newly Renovated Bathroom.
- Wraparound Verandahs capture breathtaking views.
- Large Living Area with vaulted ceilings and a cozy wood-burning fireplace
- Well-equipped kitchen with a walk-in pantry.
- Laundry & Additional Toilet for convenience.
- Single Carport & Multiple Parking Spaces.
HOUSE 2
- Built circa 1930s with renovations over time, combining modern comfort with historical charm.
- 3 Bedrooms | 1 Bathroom | 1 Carport.
- Expansive Living Area with an enclosed outdoor space for all-weather enjoyment.
- Custom Handcrafted Camphor Laurel Kitchen Benchtops
- Beautiful timber flooring throughout
- Laundry & Additional Toilet for convenience.
- Split-System Air Conditioning in the kitchen and lounge for year-round comfort.
- Roof-mounted sprinkler System for added fire safety.
Bonus Self-Contained Studio: Ideal for guests, a home office, or additional rental income.
Additional Property Highlights:
- Mains Power, Two Septic Tanks & Rare Town Water Connection.
- NBN Ready for fast, reliable internet.
- Lush Gardens & Forest Block offers a peaceful, natural setting.
- Storage Shed & Garage, plus multiple parking options.
- Dual Driveway Access provides privacy and convenience for both homes.
- No Immediate Neighbours to the north, east, or south, ensuring privacy.
Development & Investment Potential:
-RU1 Zoning opens opportunities for eco-tourism or other innovative projects.
-Not in a Flood-Prone Area, offering peace of mind for future development.
-Strong Rental Returns make this an ideal income-generating property.
Whether you are looking for a tranquil rural home, a high-yield investment, or the chance to create something unique, this property is packed with potential.
Don't miss out on this rare opportunity! Contact Dana Vasterink today at 0490 870 115 to arrange your private inspection today
Agents
Nearby Schools
About nimbin
median house price
685000suburb growth
17.1%median house rent
550suburb rental yield
4.2%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.
