119 Mill Post Lane, Bungendore NSW 2621

Historic acreage | 30ha near Canberra | Panoramic views | Rare heritage holding This property is competitively rare because it combines a 30-hectare landholding with a historic residence just 30 minutes from Canberra, a configuration almost impossible to replicate. The 1890s homestead on an elevated site with panoramic views offers a lifestyle and privacy that suburban estates cannot match, making it uniquely suited to buyers seeking a country estate with genuine rural scale. The low building coverage and heritage overlay preserve its character while the acreage provides practical separation from neighbours. The primary risk is the heritage overlay, which restricts alterations and may increase maintenance costs for the original structure. The bushfire overlay adds insurance and compliance obligations, and the satellite NBN is a limitation for heavy data users. However, the 2012 purchase price of $1.65 million against the current guide shows significant land value appreciation, and the rental estimate of $1,370 per week offers a partial offset if not occupying immediately. Hold this property as a long-term lifestyle asset where the land value and location are the real investment.