Read the bottom of the notice: "The land value reflects the physical condition
and the way in which the land could be used as at 23/09/2019."
The Valuer-General released land values for 2.6 million properties across NSW on 8 January 2020. The land values are for the value of the land only and reflect the property market at 1 July 2019. Here are the assessments for "Riverbend".
So how much is $1,080,000 plus $474,000 for just the land? $1,554,000!
Add a large two-storey brick house, a freestanding brick "library"/media room, a workshop-laundry-outdoor bathroom, a self-contained guest cottage, a three-bay utility shed, a pond house, two gazeboes, a jetty, fencing and landscaping, and what do you get?
The Valuer-General's valuations confirm it: "Riverbend" is a bargain!
(but wait until the end of next year when we, with the rest of Nelligen, are connected to water and sewer and property prices will really jump!)
Please form an orderly queue.
P.S. The Valuer-General's conservative valuations are ALWAYS a few years behind market valuations.
