2362 Albury Road, Urangeline East NSW 2656

Historic 1928 post office store | 1.44 acres rural block | dual water tanks plus dam | no overlays or heritage constraints | catchment for Pleasant Hills Public and Billong High The property’s strongest buying case lies in its scarcity: a 1928 former post office and general store on a full rural residential block with no bushfire, flood, or heritage overlays. That combination,historic character, immediate water security from two large concrete tanks plus an on-site dam, and freedom from regulatory constraints,is rare in the Urangeline East market. The existing besser block sleepout with underground cellar and open fireplace offer immediate utility while the 5,827 m² lot allows for expansion without rezoning risk. This property serves best as a long-term holding for a buyer who values space and water independence over turnkey finish, or as a renovation project with clear upside in a suburb where median values sit well above $1.1 million. The primary risk is the renovation requirement: the house needs modernization, and the 214 m² footprint limits cost-effective extension without council approval. The NBN Sky Muster satellite internet is functional but not a prime value driver, and the 35 km distance to Lockhart and 75 km to Albury means commuting costs are real. The opportunity is in the water infrastructure,two large tanks plus a dam give the property a resilience edge that typically attracts premium in dry years. The seller has listed transparently at $500,000, which sits below the local average and suggests motivated negotiation. Hold this property as a lifestyle base or renovate to unlock equity; the land and water assets alone underwrite the downside.