362 Springmount Road, Mutchilba QLD 4872

Renovated 3-bedroom house with 80 hectares | 75 acres cleared with 67ML water allocation | Rare lifestyle-farming hybrid near Mareeba | Price reduced on motivated seller The property’s competitive edge lies in its dual capacity as a functional farming enterprise and a lifestyle retreat. The 67-megalitre channel water allocation is the standout feature, providing irrigation security that few comparable holdings in the district offer. With 75 acres already cleared and two additional dwellings, the property can support multi-generational living or generate rental income from the secondary structures. The renovated main house and expansive sheds reduce immediate capital expenditure, while the bushfire overlay is manageable with standard mitigation. This property best suits a buyer seeking self-sufficiency with a commercial farming component, not a pure hobby farm. The bushfire overlay is a material risk that may affect insurance premiums and require ongoing vegetation management, but it does not diminish the property’s core utility. The 41-day market time and price reduction indicate a motivated seller, creating negotiation leverage for a buyer prepared to move quickly. Rental potential of $400–$525 per week from the secondary dwellings offers a partial offset to holding costs. The NBN Sky Muster satellite internet is adequate for remote work but not a value driver. To hold this property, secure the water allocation as the primary productivity anchor and consider leasing cleared land to reduce carrying costs.