Auction Guide: $650 000
Located on 7.70 hectares or 19.02 acres *, the sale of 'Tanglewood' creates an outstanding opportunity to buy a property with a huge amount of potential. The land itself is very gently undulating with fertile soils and terrific views, while the home is presented well but also has the option to be renovated or upgraded to value add and build up equity. Located only minutes from the village of Duri (primary school, tennis courts, general store) and 18km* from the centre of Tamworth, the property is well located to capitalize on future capital growth and enjoys a bitumen road frontage.
The home is two bedrooms with an en suite and walk in robe, with an enclosed sunroom, polished cypress floor boards, combustion stove and wood fire, ceiling fans and front verandah. Adjacent to the home is a fully enclosed office or studio space. The home is solid but will benefit from renovations and alterations. Mature trees enclose the front yard and provide plenty of shade, while the rest of the property benefits from shade timber. Water is supplied by way of 2 x 5000 gallon concrete tanks and a bore with windmill. An older set of stables could be used as machinery/tool storage.
The surrounding properties all have an element of class about them and the Duri area is well regarded as a desirable region for productive soils, quality of life and a well regarded primary school. Cattle, horses and cropping are popular in the area and buyers should look at Tanglewood as a great opportunity in a quality location, and with some work it can be transformed into a top shelf small acreage.
Tanglewood is located in a great location on the outskirts of a quaint rural village and only a short drive to Tamworth, and while offering more potential at this stage rather than being the finished article, it is undoubtedly a great opportunity to get started on acres or develop the property to a high standard. The property will be sold by auction on Thursday February 13, with all genuine interest welcomed. Inspections will be held on Saturdays, and for further information please call Riley Gibson on 0417 441 688.
(Approx.*)
