149 The Manse Road, Myocum NSW 2481
149 The Manse Road, Myocum NSW 2481
Six-bedroom three-level acreage | 10 acres with ocean and hinterland views | Pool, tennis court, dual access | Sold $3.871M Oct 2023 | Low-turnover lifestyle market
This property is regarded as a standout in the local acreage market. The ten-acre estate combines six bedrooms across three levels, with ocean and hinterland views, a pool, full-size tennis court, and dual driveways. Such a complete package is rarely offered, making it most suited to a family seeking a permanent rural retreat or a buyer wanting a high-end holiday property. The scale and presentation place it at the upper end of Myocum’s large-lot stock, where demand is driven by lifestyle rather than everyday convenience.
The property’s value may be influenced by the ongoing upkeep of its large grounds and multiple levels, which could raise holding costs. Rental yield might be modest for the price, and selling periods could be longer in this niche lifestyle market. The layout and outdoor amenities are best weighed by buyers against their intended use, as lifestyle appeal often drives final expectations. Finish quality and condition are best confirmed firsthand.
>> Comparable Sales: 278 The Manse Road, Myocum sold for $1,000,000 | Property Price Band: $3.8M-$3.9M | Value Drivers: land size, ocean views, resort-style amenities
Detailed Independent Property Report prepared by PropCred Analyst team for 149 The Manse Road, Myocum NSW 2481
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Myocum, a small Northern Rivers locality, presents a tight but slow-moving premium house market. The median house price stands at $1.561 million, down 9.8% over the year and 5.46% over the quarter, while two-year listing prices are down 36.9%. Stock sits on market for a median 169 days, and turnover is thin: only eight house sales in the past year and zero in the previous month. Demand is anchored by older professionals, with the 60–69 age bracket dominant, and rental conditions are exceptionally firm: weekly rents average $1,455, up 21.25% annually, against a vacancy rate of 1.10%. The gross rental yield of 2.99% reflects strong rental income relative to price, yet the sustained price correction and low transaction volumes point to a buyer-resistant segment. No data covers transport, schools, or supply constraints.
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PropCred Estimated Value
Bedrooms
5
Bathroom
6
Parking
8
Land
3.76 ha
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