Property

This North Lismore land is dirt cheap - but there's a catch

FULL OF POTENTIAL: Land in North Lismore can’t be built on, but can be used in other ways.
FULL OF POTENTIAL: Land in North Lismore can’t be built on, but can be used in other ways. Cathy Adams

YOU can't build on them, but the 29 North Lismore lots going under the hammer today offer a wealth of other creative options.

The lots are in the middle of the North Lismore flood plain, so have no building entitlements.

But with limits come possibilities.

And one of the most charming things about flood prone Lismore's north is its idyllic rural charm, complete with horse paddocks and bush blocks just a few hundred metres from the city.

Selling agent Neil Short from Lismore agents Ian Weir and Son said one option for the parcel was a large-scale community garden, or commercial market garden.

"You could grow your own vegies in the middle of town," he said.

"Or a horse paddock for the kids to ride.

"Or even just your own little private soccer field for the kids to play."

Mr Short said he expected the lots, which are being sold as a single parcel, to fetch between $20,000 and $50,000.

"If 29 people all want their own market garden they could all have their own freehold title," he said.

Readers' ideas on how the land could be used

"Town water's not connected but it's available, and for the cost of less than $500 to the council and the cost of your own plumber to install it, you can have water on the block."

The lots add up to about 1.4ha of inner city rural land and each block averages between 400 and 500sq m each.

There's no reserve.

The lots are being sold to wind up an estate.

They were used as horse paddocks by the Ackley family, whose name goes back decades in the area.

Mr Short speculated that Lismore City Council could even use its fund designated for house buybacks in flood prone areas of South and North Lismore, and create a community garden or a park.

"If they had any money, they should be able to buy this."

Topics:  floods, land, north lismore, property



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