236 Old Hume Highway, Mittagong NSW 2575

Historic sandstone residence built 1834 | Set back from Old Hume Highway | 6 bedrooms, 3 bathrooms on 1,193 m² | NBN and 5G connected The property’s primary buying case rests on its status as one of the oldest colonial homes in the Southern Highlands, combined with a land-to-building ratio that is increasingly rare in Mittagong. The 23% building coverage on a 1,193 m² block provides genuine spatial advantage without the maintenance burden of a larger estate, while the 7 m roof height and sandstone construction signal structural longevity that modern builds cannot replicate. This configuration best suits a buyer seeking a character residence with immediate rental potential,the mid-range $1,035 pw return offers a viable holding strategy,or a family wanting established school catchments without compromising on heritage ambiance. The absence of bushfire, flood, and heritage overlays removes the most common friction points for historic properties, though the 1834 build date demands a thorough building and pest inspection focused on original stonework and roof integrity. Setback from the highway reduces road noise but buyers should verify traffic projections for the Old Hume corridor. The property was last transacted in 2023, so current valuation at $1.43 million reflects recent market conditions rather than speculative uplift. For a buyer, the commercial logic is straightforward: acquire a irreplaceable structure on a functional block, generate income while holding, and let the scarcity of pre-1840s sandstone homes in this corridor drive long-term capital preservation.