North Richmond

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Hambeldon Park, the North Richmond farm, has been sold for $60 million.

The 253ha property, 70km north of Sydney, has been bought by Fairway Thoroughbreds businessman John Camilleri, the breeder of Winx.

His acquisition wasn’t equine driven nor for Camilleri’s Baiada Poultry ­enterprise, which controls the Steggles and Lilydale brands.

Instead it is a long-term residential subdivision opp­ortunity. There is approval for a small rural subdivision of 25 lots, which dates back to 2008.

But the demand for smaller housing lots in the Hawkesbury municipality has rocketed over the subsequent dozen years.

“Hambledon Park will one day be a new suburb of Sydney,” Cushman &amp; ­Wakefield selling agent Anthony Bray said.

Any eventual residential development market will follow the nearby successful housing estates including The Ponds, Elara, and The Hills Carmel.

The Camilleri family’s Celestino Developments recently sold Stockland, the ­unbuilt two-thirds of its 293ha masterplanned site, The Gables at Box Hill, with the listed developer paying $415 million over seven years.

Bray had expected to see stronger interest from developers, the tertiary education and agricultural industries for Hambledon Park, but the absence of Chinese buyers from the mix meant it sold for under its $120 million expectations of two years ago.

The property was a 1200-cow dairy farm at its peak after being purchased in 1974 by the Peel family who were a major dairy supplier into Sydney.

More recently it has been a feed lot, along with operating a breeding herd of about 300 black angus cows.

This article first appeared in The Daily Telegraph.

<h2>Recently listed properties:</h2>

[smartcode_project:default project_id=27783]

[smartcode_project:default project_id=4939]

[smartcode_project:default project_id=2881]
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Winx breeder John Camilleri buys Hambledon Park at North Richmond

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A North Richmond ready to build parcel of land with views back over to the mountains has been listed for sale.
It comes with $485,000 to $515,000 price guidance.
It first sold in August last year at $485,000.
It is offered by Nicole King and Jacob Bennett from Bennett Property. 
<a href="http://bennettproperty.com.au/1P2178" target="_blank">Positioned at 3 Summit Ridge</a>, the Redbank Estate is accessed from the Grose Vale side of the development.
It has a total of 988sqm of land.
The estate will offer the complete lifestyle with great parks, over 14km of walking and bike trails and a small shopping village to be completed
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