A residential showpiece nestling in semi-rural land at Mudgee with a potential end value of around $1-Billion is attracting buyers from as far afield as Sydney, Newcastle and Wollongong.
Roadworks and infrastructure is now in place for the first stage, comprising 56 blocks of land.
Sensitively conceived and meticulously planned, Caerleon Estate is a low-density estate providing more than 1,600 Torrens Title homes harmonising with the existing natural environment.
Just minutes from the Mudgee city centre, Mudgee Racecourse and Mudgee Airport, the 305-hectare masterplanned estate is in keeping with the cultural fabric and social values of the picturesque area, and embraces leading environmental techniques to conserve resources, minimise pollution, protect biodiversity and provide a quality lifestyle.
In time Caerleon Estate will have its own town centre, a shopping village, cafes and restaurants, a tavern, a childcare centre, an Assisted Living centre, a medical centre, parks, playgrounds, barbecue and picnic areas, sporting fields, cycleways, and possibly a pre-school.
Caerleon Estate is an integral part of Council’s plans to meet a growing demand for housing in the area, all driven by unprecedented population growth. An independent report prepared by Manidis Roberts for the Mid-Western Regional Council forecast the need for more than 5,000 homes by 2021.
The population growth is being fuelled by the expansion of nearby coal mines, Mudgee’s growing wine, arts and tourism industries, plus an increasing number of ‘tree-changers’ moving to Mudgee as a lifestyle choice. (see the testimonial below from Bev and Ken Prior, who split their time between Manly and Mudgee)
Currently, Caerleon Estate is the only significant supply of zoned land in Mudgee, and its residents will be the region’s first to gain access to fast internet connections through the NBN.
Caerleon Estate has already received an award from the NSW division of the Property Institute of Australia for ‘Best Planning Ideas’, and was officially opened last week by the NSW Acting Premier and Member for Dubbo, Troy Grant.
Mr Grant said the significant investment in Caerleon Estate showed confidence in the Mudgee and Central Western region. “I’m particularly impressed that NBN connectivity has been incorporated into planning the subdivision,” Mr Grant said.
The first stage of Caerleon Estate comprises 56 blocks of land ranging from 700 square metres to more than 1,000 square metres. Later stages will have blocks of more than five acres. The land is selling from $140,000, and the house-and-land packages from $450,000.
More than half of the first stage has sold, with those initial houses scheduled to start construction in July.
“We expect our first residents will be enjoying Christmas here,” said Nathan Davis, Managing Director of Davis Stack which is developing the estate. “The majority of the early sales have been to current residents from Sydney, Newcastle and Wollongong who are looking for a more relaxing, affordable and rewarding lifestyle.
”Mudgee has that desirable country feel yet it is only one hour’s drive from the Blue Mountains.”
Mudgee has always had a strong, diverse economic base and is one of the State’s fastest growing regional towns. It boasts more than 50 vineyards and wineries, attracting thousands of visitors each September during the Wine & Food Festival.
“All of the intra-state purchasers at Caerleon Estate have come to Mudgee for business or pleasure at one stage or another and have fallen in love with the lifestyle,” Mr Davis said. “Most plan to make Mudgee their permanent home, knowing that there are good employment opportunities here. A small percentage plan to use it as a holiday house or as an investment.”
Local realtor Andrew Palmer from The Property Shop said rental yields in Mudgee are a strong 5-6 percent with good potential for capital growth.
“Mudgee is about to enter a period of sustained growth and its price points still offer a good opportunity for astute investors,” said Mr Palmer.
The 305-ha estate will provide a quality semi-rural lifestyle just minutes from the Mudgee CBD.
“Recent approvals for expansion of our existing mines, and proposed development of new mines in the region, are boosting the confidence of homebuyers and investors as the demand for housing continues to strengthen.”
Unlike many housing projects which are built in a uniform style, all builders have access to Caerleon Estate, guaranteeing a diversity of architecture and floorplan options. To date two of NSW’s major home builders – Bellriver and Rawson – are committed to offering packages.
Residents of Caerleon Estate can choose to partner with a display home builder or engage any builder they choose, although design guidelines apply. “This gives purchasers a choice of home styles and forces each builder to become more innovative and provide the very best value for money,” Mr Davis said.
The masterplan envisages more than 1,600 lots, including an Over 55s section, a childcare centre, medical facilities, sporting fields, a shopping village, playgrounds and extensive open spaces.
“The dwellings can be designed to suit a diverse range of residents, from growing families through to retired couples and singles, and from large rural-style homes to townhouses and cottages. The important thing to note is that the overall aesthetics, quality and design of this masterplanned suburb – and the houses within it – will be strictly upheld. For example, no dual occupancy developments will be permitted in the first stage of the development,” Mr Davis said.
More information is available on: www.caerleon.com.au or 1300 526348.
(l-to-r) Mudgee Mayor, Des Kennedy; Member for Dubbo, Troy Grant; and Caerleon Estate Managing Director, Nathan Davis, cut the ribbon to officially open the masterplanned development.
Life in balance
Bev and Ken Prior believe they have the perfect life balance, splitting their time between Manly and Mudgee.
They live within a four minute walk of Queenscliff Beach where they are active in the surf lifesaving movement, but 10 years ago they discovered the attractions of Mudgee.
“In Sydney, time moves quickly,” said Bev, a physiotherapist, “but at Mudgee it moves delightfully slowly, and you never get bored. There is so much to do, and when it comes time to return to Sydney I’m always a little sad.”
Ken, a retired company director, agrees.
“Mudgee is where we come to relax and recharge our batteries,” he said. “There are no traffic jams, no parking hassles and the locals are so welcoming.
“Currently I spend around half of my time in Mudgee while Bev spends a little less because she still has business commitments in Sydney. Mudgee now holds more appeal for me than Manly.”
Bev believes Mudgee is a great place for people of all ages. “It’s very safe and it’s ideal for raising a family, with excellent schools and sporting facilities,” she said. “If they want a swim there is the Olympic Pool . . . or they can take a dip in the river.
“The restaurants, pubs, wineries, breweries and quality of produce from the Farmer’s Markets in Mudgee are extraordinary, and the local horse race meetings are just such a hoot.
“The health care services are also excellent because doctors and other medical professionals like living in Mudgee.
“Not to be underestimated are the old fashioned values that locals hold dear, such as trust and honesty.”
Ken Prior, who now prefers living in Mudgee to him birthplace at Manly
Source: MP Group International, 12 April 2016