155 Mccardys Creek Road Nelligen NSW 2536

Large acreage near Batemans Bay | Private ridge bordering state forest | Recently renovated 5-bed house | RU4 zoning with building potential This property presents a rare consolidation of substantial acreage, privacy, and coastal proximity, serving buyers seeking a permanent or secondary residence with a genuine bushland setting minutes from major amenities. Its competitive strength lies in the 15-acre parcel on a private ridge, offering immediate seclusion and direct access to Currowan State Forest, while the recent renovation modernizes the core living space. The RU4 zoning and noted building entitlements on similar nearby parcels signal latent subdivision or development potential, catering to a buyer valuing future flexibility over immediate urban polish. The primary decision hinges on accepting the compromises of a dirt road and partially cleared land for the privilege of scale and location. The 2023 sale price, substantially below the current estimate, reflects a rapid value shift that demands rigorous due diligence on the renovation quality and true market drivers. A strategic hold as a private retreat capitalizes on its tranquility, while the zoning allows a future commercial logic of asset intensification. Propcred can validate this valuation shift, clarify bushfire and access risks, and assess the feasibility of any building entitlement. The property itself sold for $680,000 in September 2023 as a 4-bedroom home. Its current estimated value of $980,000 suggests a significant market reappraisal, likely tied to the renovation and acreage premium in a tightening rural-residential market. This sharp uplift underscores the need to scrutinize recent comparable sales to confirm sustainable value, not just speculative gain.