School House

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A colonial era school property at Bandon Grove in the Dundog district of New South Wales has been listed for sale. 
Dating back to 1882, Bandon Grove public school and teacher's house have been converted and renovated since it last traded for $652,000 in 2014.
Accommodation consists of the four bedroom school house and a bunk house.
The double brick home at <a href="https://www.realestate.com.au/property-house-nsw-bandon+grove-130118818" target="_blank">1230 Chichester Dam Road</a> has formal and informal living areas and a commercial gourmet kitchen in the original school hall. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/14/BANDON%20GROVE%202.jpg" alt=""> Other features including a tennis court, charming sleeping quarters, and a five-bay shed made from local ironbark timber on its near 8,000 sqm land parcel. Accommodation consists of the four bedroom schoolhouse as well as a bunkhouse capable of sleeping up to 15 people.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/14/BANDON%20GROVE%203.jpg" alt="">
Bandon Grove School House is situated 15 minutes north of Dungog, and one hour from Newcastle airport.
Offers are due January 25 through Ray White Rural Lifestyle Sydney agent Scott Hunter.
Currently used as a weekender and Airbnb accommodation, its estimated return is $1400 to $1500 per weekend or $40,000 to $50,000 per year.
 
 
 
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j.ballantyne1990-6AQqhLzZaK

Bandon Grove schoolhouse listed with $50,000 annual accomodation prospect

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Homes located within the catchment for some of Melbourne’s best public schools are achieving six-figure premiums, compared to neighbouring properties which fall just outside the zone.
The latest REIV data shows the median house price in highly sought after public school catchments is up to $400,000 more expensive than homes within a one kilometer radius of the zone.   
In the year to December 31, homes zoned for some of the city’s best primary schools recorded the largest price difference, with South Yarra Primary School leading the way. Homes within the South Yarra Primary School zone had a median price of $1,930,000 while properties bordering the zone had a median of $1,520,000 – a difference of $410,000.
Vendors of homes within the catchment area for Altona Primary School could also expect higher sale prices than those located just outside the zone. The median house price for those within the zone was $1,225,000 while neighbouring homes bordering the zone fetched $325,000 less.
In Bentleigh East, homes zoned for Valkstone Primary School were almost $250,000 more expensive than those within one kilometer of the school zone.
REIV President Richard Simpson said access to quality public schools remains a key factor for many buyers, which is delivering significant capital gains for homes located in these catchments.
“Parents of school-aged children are investing in the family home by buying into areas zoned for some of the city’s best public schools, rather than paying the equivalent in private school fees.”  
Camberwell High School experienced the largest price difference for secondary schools, with a difference of $289,000 recorded between those in the zone and those bordering the zone.
Homes located within the catchment of McKinnon Secondary College also achieved  significantly higher prices than those just outside the zone. The median house price for homes within the zone was $1,690,000 while those bordering the zone had a median price $235,000 less.
PRIMARY SCHOOLS
<table>
<colgroup>
<col width="228">
<col width="106">
<col width="140">
<col width="150">
</colgroup>
<tbody>
<tr>
<td>
12 months to Dec17
</td>
<td>
In School Zone
</td>
<td>
Bordering School Zone (1km)
</td>
<td>
Difference
</td>
</tr>
<tr>
<td>
South Yarra Primary School
</td>
<td>
$1,930,000
</td>
<td>
$1,520,000
</td>
<td>
$410,000
</td>
</tr>
<tr>
<td>
Altona Primary School
</td>
<td>
$1,225,000
</td>
<td>
$900,000
</td>
<td>
$325,000
</td>
</tr>
<tr>
<td>
Valkstone Primary School
</td>
<td>
$1,630,000
</td>
<td>
$1,385,000
</td>
<td>
$245,000
</td>
</tr>
<tr>
<td>
Fitzroy Primary School
</td>
<td>
$1,635,000
</td>
<td>
$1,400,000
</td>
<td>
$235,000
</td>
</tr>
<tr>
<td>
Hampton Primary School
</td>
<td>
$2,050,000
</td>
<td>
$1,860,000
</td>
<td>
$190,000
</td>
</tr>
<tr>
<td>
Llyod Street Primary School
</td>
<td>
$2,000,000
</td>
<td>
$1,870,000
</td>
<td>
$130,000
</td>
</tr>
<tr>
<td>
Preston West Primary School
</td>
<td>
$1,045,000
</td>
<td>
$952,000
</td>
<td>
$93,000
</td>
</tr>
<tr>
<td>
Hartwell Primary School
</td>
<td>
$2,001,000
</td>
<td>
$1,950,000
</td>
<td>
$51,000
</td>
</tr>
<tr>
<td>
Templeton Primary School
</td>
<td>
$997,500
</td>
<td>
$965,500
</td>
<td>
$32,000
</td>
</tr>
<tr>
<td>
Regency Park Primary School
</td>
<td>
$920,000
</td>
<td>
$903,000
</td>
<td>
$17,000
</td>
</tr>
</tbody>
</table>
SECONDARY SCHOOLS
<table>
<colgroup>
<col width="237">
<col width="96">
<col width="150">
<col width="141">
</colgroup>
<tbody>
<tr>
<td>
12 months to Dec17
</td>
<td>
In School Zone
</td>
<td>
Bordering School Zone (1km)
</td>
<td>
Difference
</td>
</tr>
<tr>
<td>
Camberwell High School
</td>
<td>
$2,399,000
</td>
<td>
$2,110,000
</td>
<td>
$289,000
</td>
</tr>
<tr>
<td>
McKinnon Secondary College
</td>
<td>
$1,690,000
</td>
<td>
$1,455,000
</td>
<td>
$235,000
</td>
</tr>
<tr>
<td>
Frankston High School
</td>
<td>
$778,400
</td>
<td>
$650,000
</td>
<td>
$128,400
</td>
</tr>
<tr>
<td>
Box Hill High School
</td>
<td>
$1,425,000
</td>
<td>
$1,335,000
</td>
<td>
$90,000
</td>
</tr>
<tr>
<td>
Mount Waverley High School
</td>
<td>
$1,407,000
</td>
<td>
$1,328,500
</td>
<td>
$78,500
</td>
</tr>
</tbody>
</table>
A three bedroom house in South Yarra Primary School Zone has been sold for $3.5 million earlier this month (pictured below).
<a href="https://www.realestate.com.au/sold/property-house-vic-south+yarra-127443318?cid=pdp:recent-sales" target="_blank">Located at 48 Fawkner Street</a>, the Victorian home is only 0.28 kilometres from the South Yarra Primary School.
It comes with three bedrooms, open plan kitchen and dining, and a sizable balcony.
Additional features include a sitting room, study, under stair storage lush courtyards and rear right of way parking access for two cars.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/27/south%20yarra%20primary.jpg" alt="">
A Stodart Street five-bedroom house, which is 0.66 kilometres from Camberwell High School, was sold for $5.5 million last year (pictured below).
Built in 1928, the 12 Stodar Street home comes with five bedrooms, a well-appointed Miele kitchen, informal living and dining rooms and private garden with heated pool and spa.
Willison station, parks, trams and schools, including Camberwell Primary School, Camberwell High School and Canterbury Girls Secondary College are within short distance.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/27/12%20stodart%20st.jpg" alt="">
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Camberwell tops school zones value benefit: REIV

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Scotch College, one of Melbourne’s top private schools, has bought a neighbouring house for almost $1 million above reserve.
The three-bedroom brick home at <a href="https://www.realestate.com.au/sold/property-house-vic-hawthorn-125924502" target="_blank">20 Hambledon Road</a> sold under the hammer for close to $3.2 million.
With this purchase, the school now owns all but 11 of 27 houses in Hawthorn’s Hambledon Road. It has spent about $25 million on property in adjacent Hambledon and Fordholm roads alone, Fairfax Media reported.
The exclusive boys' school — where high school tuition fees start at $26,000 — sits on 27 hectares.
The selling agent was Jason Brinkworth of Marshall White, but he did not comment on the sale. Industry sources say the private school was determined to scoop up the property.
The house, owned by the same family for 66 years, had expectations of $2.2 million-$2.3 million.
Scotch College has been buying neighbouring houses for decades. The private school bought two properties in Hambledon Road in 1997 for $567,500 and $460,000, respectively, Domain Group records show. 
It bought another house in Hambledon Road for $850,000 in 2001, before buying the one next door for $1.4 million two years later.
In 2007, the college splashed more than $5 million on three other properties in the street.
Prior to last month’s auction, the school’s most recent purchase was a $2 million house in 2015.
It also owns all of the properties along Morrison Street, which has formed part of the school campus for many years.
Houses in Morrison Street are used for bagpipe lessons, media studies, administration and archiving. 
In a statement, the school said it began buying neighbouring property after losing chunks of the school grounds to the state government for Citylink.
“On three occasions since the 1960s, the government has compulsorily acquired land from the school to construct the [south-eastern] freeway and enable its subsequent widening into the Citylink tollway,” a spokesperson said.
“Bound otherwise by the tollway, Yarra River and Glenferrie Road, the school has a long term strategy to re-establish grounds lost to the tollway by acquiring land to the north.”
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jonathanchancellor-7SQnKwU6yx

Scotch College expands portfolio, buys house $1 million above reserve 

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Burrawang's Old School House has been listed for sale by Tony Harrington, best known as former chief executive of PwC.
The <a href="https://www.margaretmccauley.com.au/property.aspx?Id=613" target="_blank">1878 rustic Gothic-style school</a> closed in the 1980s, and operated over the years as a tea-room, antique show room and residence.
Set on 3953 square metres, the five bedroom, four bathroom house comes with the Great School Hall with open fire, stone walls and original floorboards.
Margaret McCauley has it listed with $3.3 million hopes, noting the works over the past 18 months has ensured the flow of three residential buildings now unified.
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