1088 Summerland Way Kilgra NSW 2474
1088 Summerland Way Kilgra NSW 2474
| 4-bed brick on 3 usable acres | 10 min to Kyogle | 2020 bought $515k | inground pool & bore | bushfire overlay present |
The propertyโs competitive strength lies in its combination of a modernised brick house with genuine acreage utilityโthree stock-proof paddocks, bore water, and a mineral poolโwithin ten minutes of Kyogle. For a buyer seeking a self-contained family home or a weekend retreat that can support horses or small-scale hobby farming, the 2020 purchase price of $515,000 and current estimated value of $871,000 suggest the vendor is pricing above recent market evidence. The fully fenced, gently undulating land, separate workshop, and oversized entertaining area make this a rare find for a buyer who values both indoor and outdoor living without being remote. It best suits a family or retiree wanting a low-maintenance, high-functionality rural property within commuting distance of Kyogle.
The bushfire overlay is the primary risk, likely increasing insurance costs and requiring a bushfire management plan; this should be factored into holding costs and may affect financing. The propertyโs rental potential of $710 per week offers a gross yield of roughly 3.7% against the asking price, which is modest for the area. The bore water and rainwater tanks reduce ongoing utility expenses, and the NBN Fixed Wireless supports remote work. The buyer should negotiate firmly below the asking price, using the 2020 sale and bushfire overlay as leverage, and hold the property as a long-term family home or lifestyle retreat rather than a short-term flip.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Kilgra presents as a micro-market defined by its extreme scarcity of supply, with a population of fewer than 80 residents. The absence of any recorded sales or rental data suggests a market that is effectively illiquid, where transactions are too infrequent to establish a meaningful price trend. Demand drivers remain opaque, though the modest household income profile points to a localised, rather than aspirational, buyer base. Future growth is fundamentally constrained by the lack of transport, school, and infrastructure data, indicating limited connectivity or amenity. The primary risk is not affordability but a structural lack of market depth, making valuation and exit strategy highly uncertain for prospective buyers.