119 Millpost Lane Bungendore NSW 2621

119 Millpost Lane Bungendore NSW 2621
Heritage homestead on 30ha|Circa 1890 with grazing capacity|Newly listed $3.1-3.4M|Heritage appeal drives value|This four-bedroom acreage property on 30 hectares suits buyers seeking a substantial rural holding with established homestead living and equestrian or grazing potential. The residence blends late Victorian character from its 1890 origins with modern updates like hydronic heating, a new septic system, and app-controlled blinds, delivering practical comfort across its 301sqm footprint. North-facing living spaces and features such as five fireplaces plus an indoor pool enhance everyday usability for extended families or retirees valuing self-sufficiency. Its 30ha scale supports grazing up to 30 head of cattle, complemented by stables, a shearing shed, and a substantial bore with filtration, making it viable for low-intensity farming alongside residential use. Positioned with views to Bungendore and Lake George, it stands out on its lane among smaller holdings, appealing to those transitioning from urban fringes who prioritise land depth over proximity. Buyers drawn to such acreage typically include lifestyle farmers or downsizers from Canberra seeking heritage without isolation, given the short drive to schools and amenities. Comparable semi-rural homesteads in the area hold steady through market cycles, buoyed by scarcity of titled heritage blocks this size. Long-term value stems from its shortlisted heritage status and versatile improvements, insulating it against generic acreage fluctuations. Fresh paint and infrastructure upgrades position it competitively for swift uptake in the current vendor market.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Bungendore is a high-performing regional commuter town benefiting directly from CanberraΒ’s economic base. It attracts professionals and families seeking space and character while maintaining access to ACT employment. Demand is structurally strong due to limited supply, lifestyle appeal and proximity to a stable, high-income workforce. The key dynamic is wealth migration rather than local economic activity. Price growth has been consistently strong, with less volatility than typical regional markets. Compared to other regional towns, it behaves more like an outer Canberra suburb than a standalone market.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

30ha

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