“Though you sing of dear old Mudgee and the home on Pipeclay Flat,
Cheapest of RP Data’s 100 growth suburbs, Grenfell rising property values would have inspired native son Henry Lawson
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Were he alive today, bush poet Henry Lawson might have penned a few lines about soaring property values in the central NSW country town of Grenfell, the place of his birth, which ranks 22nd on RP Data’s list of top 100 capital growth suburbs and regions.
Grenfell, about 370 kilometres west of Sydney in Weddin Shire, is also the cheapest entry on the top 100, with median property values sitting at just under $150,000 – up from $125,000 in June 2011, a gain of 20%.
There have been very few established houses sold in Grenfell over the past year, according to RP Data records, with most sales being rural blocks and farm land.
Properties that have sold in the 12 months to June include a single-story three-bedroom house on Wood Street with a swimming pool, which sold for $170,000 in October last year.
There are currently just 34 property listings for Grenfell on realestate.com.au – most of them vacant land or farm land.
Currently listings include this three-bedroom wood cottage (pictured below) on 5.5 hectares, asking $199,000 through Marie Jamieson of Jamieson Real Estate – Young.
The property has been listed for sale for nearly four years. It was originally listed at an asking price of $235,000.
For those with bigger budgets, and a desire for something historic and grand, currently listed for sale is "Pinnacle Homestead" on Pinnacle Road (pictured below), a fully renovated Victorian homestead on 517 hectares, which has an asking price of $1.457 million and dates back to 1882. It is being sold by Ainslie Toole of Landmark NSW, who describes it as one of just a few historic homesteads "offered at such a high standard".