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NSW › Mudgee › Black Springs Rd

950 Black Springs Rd, Mudgee NSW 2850

For saleRural Property for Sale

$1,245,000

For sale

Asking

5

Bedrooms

3

Bathrooms

5

Car spaces

101,200 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,245,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,245,000(Listing record · 29 June 2026)
  • FactLand 101,200 m²; no building size recorded.(Property record)
  • CalculationAsk is 69% above the Mudgee median recorded sale ($735,000, n=67, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Mudgee's advertised median rent ($600/wk), implied gross yield would be 2.51% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$1,245,000

Asking · $12/m² of land

No recorded sale for this property.

Mudgee at a glance

11,285

People

$735,000

Median sale

$600/wk

Median rent

4.24%

Suburb gross yield

Median sale from 67 recorded sales (last 12 months) — a Districts calculation.

See the full Mudgee report →

Vs Mudgee

+69.4%

Median sale

Suburb $735,000

-1.73 pp

Gross yield

Suburb 4.24%

Suburb median $735,000 from 67 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,245,000
Stamp Duty (New South Wales)
$50,487
Transfer/Registration Fee
$167
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,299,354

$54,354 on top of the price (4.4% extra)

  • Stamp Duty (New South Wales)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: New South Wales schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Mudgee's advertised median rent — not a rent for this listing.

Net yield
1.01%
Annual cashflow (pre-tax)
$-52,215
Interest cover (DSCR)
0.19
Annual rent
$31,200
Operating expenses
$18,675
Loan amount
$996,000
Annual interest
$64,740
Gross yield
2.51%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,245,000available29 June 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NSW

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $600/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.5%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    NSW Valuer General land values are not loaded for this property yet.

  • Net yield / holding costs

    Unknown

    NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Area

Mudgee in one glance

Mudgee at a glance

11,285

People

$735,000

Median sale

$600/wk

Median rent

4.24%

Suburb gross yield

Median sale from 67 recorded sales (last 12 months) — a Districts calculation.

See the full Mudgee report →

Keep researching

  • Why Mudgee? Read the area thesis →
  • What else is on the market in Mudgee →
  • Other records on Black Springs Rd →

Listing material

Listed by The Property Shop

TWO RESIDENCES. ENDLESS POTENTIAL.

Set across 25 picturesque acres just 15 minutes from Mudgee, 'Coorow' captures sweeping views across St Fillans and beyond. This property delivers a rare blend of lifestyle, functionality and potential. Thoughtfully improved and exceptionally well-equipped, this versatile property offers the space to enjoy peaceful rural living while supporting a wide range of pursuits.

The main residence offers:

- Three generous bedrooms, all complete with ceiling fans, modern shutters and build in wardrobes

Read the full description

- Spacious living area complemented by a separate dining room, flowing effortlessly into the well-appointed kitchen complete with extensive storage

- Lovely wraparound front verandah providing the perfect place to unwind or entertain while taking in sweeping valley views across St Fillans and the surrounding countryside

- Large covered rear verandah (approximately 13m x 5m) with external laundry and extensive storage

- Striking vaulted carport adjoining a level garden terrace, creating an inviting outdoor entertaining space framed by established lavender and natural pink granite

- Approximately 91,000 litres of rainwater storage servicing both dwellings, complemented by an extensive solar system with grid feed-back to improve ongoing efficiency

Privately positioned, the granny flat offers flexibility for extended family, guest accommodation or supplementary income, featuring:

- Two oversized bedrooms - both with built-in wardrobes, perfect for intergenerational living

- Generous bathroom with ample space for integrated laundry facilities

- Functional kitchen and living area enjoying peaceful bushland views and overlooking the established vegetable gardens

- Private entertaining area and elevated sun deck designed to capture the surrounding rural outlook

- Returning an estimated $550 per week, the granny flat presents an attractive opportunity for supplementary mortgage support, income or private accommodation for extended family and guests

Infrastructure is a true standout at 'Coorow', thoughtfully designed to support everything from hobby farming and livestock through to trades, machinery storage and/or home-based business pursuits.

''Coorow' includes:

- Exceptional 15m x 10m workshop incorporating mezzanine storage, dedicated office, secure storage room, kitchenette, toilet facilities, separate workshop area and a wood combustion fireplace

- Extensive covered machinery parking and storage adjoining the workshop.

- Approximately 30,000 litres of additional rainwater storage servicing the workshop

- Multiple garden sheds positioned throughout the property for convenience and storage

- Established vegetable gardens and newly completed chicken coop

- Large dam positioned at the rear of the property, fed via an extensive cleared catchment ensuring reliable water for livestock and gardens throughout the residence

- 48,000-litre water tanks servicing the gardens and surrounding improvements

Combining exceptional infrastructure, dual accommodation and established grounds, 'Coorow' delivers an outstanding lifestyle opportunity with genuine income potential. Positioned just minutes from Small Batch Brewery and some of the region's most celebrated wineries, this is country living without compromise. Whether you're seeking space for family, a productive rural lifestyle, room to run a business from home or simply a peaceful place to escape, 'Coorow' offers the flexibility to make it your own.

Contact James Tracy-Inglis on 0416 205 012 to arrange your private inspection.

Listing description written by James Tracy-Inglis, The Property Shop — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Courtyard
  • Deck
  • Dishwasher
  • Fully Fenced
  • Living Areas: 3
  • Shed
  • Solar Panels
  • Study
  • Toilets: 4
  • Water Tank
  • Workshop
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.