The phone enquiry code for this property is - 2752
FOR SALE BY OWNER
2BR FULLY RENNOVATED HOUSE
3 PHASE POWER
NEW METERBOX, NEW SEPTIC, NEW INSTANT GAS HOT WATER SYSTEM
2 X 4 CAR COLOURBOND SHEDS
5 MINS TO TOWN
5 ACRES OF MOUNTAINS, VALLEY AND SEASONAL CREEK. APPROX 1.5 ACRES USEABLE, TGE REAST IS MOUNTAINS
RATES ONLY $200 PER QUARTER
QUIET COMMUNITY WITH GARBAGE SERVICE
The title is Tenants in Common. This is best suited to cash purchase.
LINK TO VIDEO:
https://www.facebook.com/share/v/1L11LSNQ7W/
MORE INFO:
Doctors Gap is a small rural locality near Little Hartley, west of the Blue Mountains in New South Wales. It is accessed via Doctors Gap Road and is known for its bushland, rural lifestyle and scenic mountain views. The road is also used by the public to access sporting clubs and facilities further along the road.
History:
The area has a long history as a rural settlement. Many of the cottages were originally built in the 1950s to house workers associated with local industries in the district. Over time, the settlement evolved into privately occupied homes, with many owners renovating and improving the existing cottages while maintaining the rural character of the valley.
Unlike a conventional subdivision, the land was not divided into individual Torrens Title lots. Instead, ownership was established through a Tenants in Common (TIC) arrangement.
What is Tenants in Common?
A Tenants in Common arrangement is a legal form of co-ownership where multiple people own undivided shares in the same parcel of land.
At Doctors Gap:
The land is held under a single title with multiple owners.
Each owner owns a defined fractional share of the whole property.
In practice, each shareholder has the exclusive use of an allocated house site or fenced area under a shareholder agreement or by-laws.
Owners are responsible for maintaining and improving their own allocated area.
Decisions affecting the common property are generally made collectively according to the shareholder agreement.
Although each owner occupies their own home and yard, legally they own a share of the entire parcel rather than an individual Torrens Title lot.
*DISCUSSIONS WITH COUNCIL ARE CUURRENTLY UNDERWAY, TO POTENTIALLY SUBDIVIDE INTO FREEHOLD LOTS.
Purchasers should seek their own legal advice.
