114 Woodhill Mount Road

Berry, NSW

DEVELOPER

Private

SOLD

$3M in 2023

THE BACKGROUND

114 Woodhill Mountain Rd Berry consisted of 5 acres of low-lying, scrubby, unimproved land with a dilapidated house, flanked by 100 acres of prime rural pasture (142 Woodhill Mountain Rd) sold by Woodhill 12 months’ prior. This neglected, unkept parcel of land was positioned immediately beside the primary access point to 142 Woodhill Mountain Rd, and was considered an impediment to maximising the potential of the larger neighbouring property.

The new owner intended to use 142 Woodhill Mountain Road as a weekender once their new home was built. Woodhill came up with the proposal that if they bought “114”, they could amalgamate the two physically (yet not legally joining) lots to make one. By doing so, it would open up a wealth of opportunity for the new owner, with an already approved lot for preferred gate access (enhanced security); manager’s quarters (capital-value add and onsite farm hand, privately hidden from the main home); as well as potential dwelling for AirBnB (added income). 

THE TASK

To complete a plan of approach, backed up with evidence of value. On approval of Woodhill’s initiative, we were then tasked to identify the owner with the intent to secure the lot. 

THE CHALLENGE

To locate and engage the owners, enter into negotiation, and maintain a velocity to ensure the price didn’t exceed more than an agreed % above market. We then needed to secure the property unconditionally, with terms that suited both parties’ requirements. 

THE RESULT

Negotiations took eight weeks to achieve $3,000,000; with terms including a lease back, make good, agreed works, and others.  

As a result, the seller was able to purchase his dream home, while the purchaser solved a visual impediment; added significant capital value; and ongoing investment returns. 

Made possible by Woodhill, this amalgamation is now the closest, most valuable parcel of rural land to the main retail/commercial centre of Berry.

Rural

142 Woodhill Mount Road

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142 Woodhill Mount Road

Berry, NSW

DEVELOPER

Private

SOLD

$6.815M in 2022

scope of success

  • Sold – $6,815,000 ($68,150/acre)

THE BACKGROUND

142 Woodhill Mountain Road Berry represents 100 contiguous acres of prime RU1 cleared pasture, with 1km of permanent creek/water access – all just 1km level-walking distance to historic Berry on the NSW South Coast. This largely unimproved property consists of a barn and an approved building envelope with no other improvements.   

THE TASK

To sell the property at the maximum price within four months of appointment.  

THE CHALLENGE

To identify a buyer who understood the property’s enormous upside once completed with a homestead, yards, fencing, sheds, and so on. Someone who is willing (and financially able) to undertake the work to get to this point, and maintain it. And, as always, achieve a purchase price that reflected the valuable fundamentals of this parcel of land.

THE RESULT

Through our targeted sales and marketing strategy highlighting the true value of this land, Woodhill sold the property for $6,815,000 ($68,150/unimproved acre).

Today, 142 Woodhill Mountain Road is included in the $10m+ club of properties in Berry and the immediate surrounding area.

Rural

114 Woodhill Mount Road

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