62 Cragborn Road, Uralla NT 0852
62 Cragborn Road, Uralla NT 0852
Rural acreage near Katherine | demountable home with views | 43.75 acres for under $650k | vacant possession no overlays
The 17.7 hectare lot is the primary value here, not the house. A demountable from 2011 on this scale with no bushfire or flood overlay is rare at this price point. The vacant possession and NBN Sky Muster plus 4G coverage make it immediately habitable for a buyer seeking a rural lifestyle block. It suits someone prioritising land over dwelling quality, or a buyer willing to invest in upgrading the home later. The comparable sale at 225 Cragborn Road confirms land value holds the floor.
The main risk is the demountable itself-limited structural longevity and lower resale appeal compared to a permanent build. This cost is borne by the buyer in eventual replacement or renovation. The opportunity lies in holding the land for future subdivision potential or capital gain as Katherine grows. Use this as a lifestyle holding with a medium-term view to either improve the dwelling or sell the land separately.
Independent, Unbiased Research Report for this property by PropCred Analyst team
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Market Insight:
Uralla presents as a tightly held, low-volume market where demand is driven by an older demographic, predominantly in their fifties, with moderate-to-high income profiles. The limited sales activity, just two transactions in the past year, underscores a constrained supply environment that has supported a median house price of $635,000. Rental demand is evident from a single listing achieving $950 per week, though the absence of yield and vacancy data limits deeper liquidity assessment. The population has expanded notably in recent years, suggesting an inflow of downsizers or lifestyle seekers drawn to the area’s character. However, the lack of infrastructure and school catchment data, combined with a sharp decline in median household income, signals affordability constraints and rate sensitivity as key risks to sustained price growth.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
-
Land
17.7 ha
Assessments Delivered Today
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