2621 Westbrook Road
170 days on Market

2621 Westbrook Road,
Tarcutta, NSW

other
First listed on 24/07/2024
Property Overview
Bedrooms6
Bathrooms2
Car Spaces4
Current Asking Price

$3.49M

Cash Required (10% Deposit)

$545,268

Agent
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Original Listing

About the property

Oberne, a historic property, is available for the first time in twenty years. Situated in the Oberne Valley, approximately 470 acres of prime agricultural land halfway between Melbourne and Sydney, and just 69km from Wagga Wagga. The property consists of 12 paddocks, watered by six dams and frontage to Tarcutta and Chinamans Creek. Included are two 22-meg water licenses and a reticulated trough system. It supports a successful cattle breeding enterprise and produces sufficient hay for operations. It features two three-bedroom homes with wood heating and evaporative air conditioning, along with two hay sheds, a machinery shed, and an irrigation pump. Around 85% is arable, with pasture-improved land, making it a sought-after livestock area ready for immediate use.

  • Verify water rights and the status of the 22-meg water licenses.
  • Check the current condition and functionality of the irrigation pump and reticulated trough system.
  • Inspect the two three-bedroom homes for structural integrity, wood heating, and air conditioning systems.
  • Assess the condition and capacity of the hay sheds and machinery shed.
  • Evaluate the existing cattle breeding facilities for operational efficiency.
  • Investigate the quality and productivity of the arable land.
  • Confirm the subdivision of the land into 12 paddocks on official maps.
  • Check the accessibility and current water levels of the six dams and creek frontages.
  • Consider potential zoning and land use regulations in the Oberne Valley.

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Location Opportunity

City of Wagga Wagga statistics

Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.

67,609

2021 Population

58

Suburbs

Demand

Employment

Em

New project

Pr

lifestyle

Li

population

Po

Supply

New Supply

Su

Opportunity

Opportunity

Op

Em

Employment Industries
Diverse

Health Care and Social Assistance - 16.0%

Public Administration and Safety - 12.0%

Retail Trade - 11.0%

Education and Training - 10.0%

Others - 51.0%

income growth
Average

Average Income

COMMUTE TIME

82mins

43kms

Average

Pr

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Spent Per Capita

$50K
1

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2

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3

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$25M
4

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A 40MW solar farm located near Wagga Wagga expected to generate enough electricity to power 10000 homes

Energy, Electricity, Gas & WaterUnder construction
$40M
5

Wagga Wagga City Council

An upgrade to the existing water treatment plant to improve water quality and increase capacity

Energy, Electricity, Gas & WaterConfirmed
$25M
6

APA Group

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7

Aurelia Metals

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8

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Boral Limited

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NSW Government

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The Wagga Wagga Special Activation Precinct will create a vibrant and connected community with new housing jobs and infrastructure

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Wagga Wagga City Council

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NSW Government

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14

NSW Government

The Wagga Wagga Health Service Mental Health Unit will provide a new 20bed mental health unit to support the local community

HealthConfirmed
$30M
15

Calvary Health Care

The Calvary Hospital Wagga Wagga Stage 2 Redevelopment will deliver new facilities and services to support the growing needs of the local community

HealthUnder consideration
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16

Transport for NSW

The Wagga Wagga Rail Bypass project involves the construction of a new rail line to bypass the Wagga Wagga city centre improving rail efficiency and reducing congestion

Transport & StorageUnder construction
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17

Riverina Intermodal Freight and Logistics Hub Pty Ltd

The Riverina Intermodal Freight and Logistics Hub project involves the development of a new intermodal freight hub to improve the efficiency and competitiveness of freight movements in the Riverina region

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18

Wagga Wagga City Council

The Wagga Wagga Civic Centre Redevelopment project involves the construction of a new civic centre library and museum as well as the refurbishment of the existing civic theatre

Mixed useUnder construction
$30M
19

New South Wales Government

The Wagga Wagga Health and Education Precinct project involves the construction of a new hospital university and research centre as well as the refurbishment of existing health and education facilities

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20

Wagga Wagga City Council

The CBD Revitalisation Project aims to enhance the city centres public spaces improve accessibility and support local businesses

Finance, Property & Business servicesConfirmed
$20M
21

Private investor

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22

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The Wagga Wagga CBD Hotel Development project involves the construction of a new hotel in the city centre

AccommodationConfirmed
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23

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The Charles Sturt University Student Accommodation project involved the construction of new student accommodation facilities on campus

AccommodationComplete
$22M
24

NSW Government

A major redevelopment of the Wagga Wagga Health Service including a new hospital building and upgraded facilities

TradeUnder construction
$431M
25

NSW Government

A new bypass to reduce traffic congestion and improve road safety in Wagga Wagga

TradeConfirmed
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26

NSW Government

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TradeUnder consideration
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27

NSW Government

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28

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29

New South Wales Government

A 25 million upgrade to the Wagga Wagga Irrigation Scheme to improve water efficiency and support the growth of the regions agricultural industry

Agriculture, Forestry & FishingConfirmed
$25M
30

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A proposed 40 million expansion of the Riverina Beef feedlot to increase production capacity and support the growth of the regions beef industry

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31

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32

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Li

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Local Services

Very Good

1

Woolworths

Supermarket

6km
2

Coles

Supermarket

7km
3

Bunnings

Shopping Centre

9km
4

Wagga Wagga Airport

Airport

10km
5

Wagga Wagga Base Hospital

Hospital

9km
6

Lake Albert Public School

School

3km
7

Kooringal Public School

School

5km
8

Red Hill Public School

School

6km
9

Charles Sturt University - Wagga Wagga campus

University

16km

Po

Population Growth

Average Population

SUPPLY vs POPULATION
Under Supply

Projected Population Growth

3.3%

projected

for 2025 to 2027

Average

Su

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Recent New Home Construction

1.2%

Average
SALES PRICE GROWTH

Monthly % Change in Median House Prices (Prev. Quarter)

Rental Yield

No data available

Vacancy Rate

No data available

Days of Supply
Good

Average Days of Supply

Owner Occupier Level

No data available

VENDOR DISCOUNTING
Good

Average Population

Pricing

Sold Price

Asking Price

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