1977 Coolamon Scenic Drive, Mullumbimby NSW 2482

Bushfire overlay adds regulatory friction | 29 hectares with residential zoning is hard to fully capture value | two living areas but only two bathrooms for four beds | rental yield is below 1.5% The bushfire vegetation categories impose compliance costs on any development or subdivision intent, which limits speculative upside absent a DA pathway. The residential zoning on 29 hectares is an anomaly that demands a specific buyer who can hold without needing liquidity from the land for the medium term. Two bathrooms for four bedrooms is a functional constraint for a family buyer, and the asking price sits well above suburb medians and your own estimated range. This property should be considered a lifestyle hold for a buyer who values acreage and views over capital growth or rental income. What matters here is the rarity—a residential-zoned block approaching 30 hectares within two kilometres of a town centre is almost unavailable in this market. The Mount Chincogan view and cooling ocean breezes are not aesthetic preferences; they anchor desirability for the cohort that pays a premium for rural amenity near services. This suits a buyer who can occupy and intend to retain for a decade, or an operator with a plan to pivot the use via council engagement. The next step is to commission a bushfire assessment and a feasibility note on yield from partial subdivision or dual occupancy, because without that due diligence the price point rests entirely on a view.