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323 Swan Bay Road, East Coraki, NSW 2471, 0 Bedrooms, 0 Bathrooms, Lifestyle Property

$1,390,000

323 Swan Bay Road, East Coraki, NSW 2471

566000m2
Lifestyle PropertyListed on Mon Dec 4

East Coraki MID RICHMOND RIVER CROPPING COUNTRY

139 acres of fertile, laser levelled cropping land only 7km from the village of Woodburn.

Currently growing a combination of dryland rice and sugar cane the land would be open to any form of cropping including soya beans or nut farming and alike.

As stated by the Natural Rice Company, 'the rich fertile soils, high rainfall and the warm sub-tropical climate are the ideal conditions for eco-positive farming to produce the highest quality rice.'

The property is an 'L' shape with approximately 380 metres of direct road frontage to Swan Bay Road. As stated the property has been laser levelled, draining back to Yaeger's Drain.

Access with machinery is no problem with machinery access via a gravel laneway on the south eastern corner and an alternate access on the northern end off Swan Bay Road.

This paddock was inundated by the flooding in 2022 however it has had little effect with the current crops in excellent condition.

There is approximately 70 acres of the property planted down to dryland rice with the paddock averaging approximately 3 tonnes to the acre and with the current estimations that world-wide rice production will need to increase by 25% over the next 25 years to meet global demand this would be an ideal time to invest in the rice industry in the Northern Rivers.

This is a quality piece of country in a very popular area.

Location

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Estimate

Council Data

Last update : 2024 11 30
Land value$436,000
Land566100m²
Planning ZonePrimary Production
Key SitesNo
Future Residential Growth AreaNo
Active Street FrontagesNo
Urban Release AreaNo
Obstacle LimitationNo
Lot Size40 ha
Flood ZoneNo
Sulfate SoilsClass 3
BushfireNo
Landslide RiskNo
HeritageNo
State Significant Dev SitesNo

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Coraki Public School
4.47 km
Primary
K-6
Government
icsea: 808
The Rivers Secondary College, Lismore High Campus
22.76 km
Secondary
7-12
Government
icsea: 943

Property history

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East Coraki surrounding data

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
53 YABSLEY ST, Coraki
0.91 km
0
0
-m2
Year 2024 Month 10 Day 09
-
Council approved
342 Kilgin Road, Dungarubba
6.27 km
3
2
-m2
Year 2024 Month 09 Day 19
-
Council approved
106 BRIDGE ST, Coraki
0.06 km
3
1
-m2
Year 2024 Month 08 Day 20
$310,000
Council approved
79 Richmond Terrace, Coraki
0.27 km
3
1
-m2
Year 2024 Month 07 Day 31
-
Council approved
37-39 Woodburn Street, Woodburn
6.35 km
0
0
-m2
Year 2024 Month 07 Day 25
$420,000
Council approved

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Ref:21143285Last update:2024-03-10 12:50:44