FOR SALE
POA

793 Lake Road
Lake Plains SA 5255

Bedrooms: 3
Bathrooms: 1
Car spaces: 13
Land area: 57ha
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LAKE VIEW LUCERN FARM, ONLY MINUTES FROM THE LAKE WITH MULTIPLE INCOME STREAMS

POTENTIAL INCOME OF $650,000 PA WITH MULTIPLE INCOME STREAMS
Located within one of SA's productive & well-located agricultural regions, this rare opportunity occupies a total holding of some 57 .21 ha (141 acres). The property is utilised for a continuous cropping enterprise, including Prime lambs are introduced post-harvest to maximise production from the holding. There is also an opportunity to harvest Koroneiki Olives which are well sought after. The perfect environment for the Horse lover with plenty of room for stables round yard and Horse arena. Situated on a picturesque prime real estate, with views of the lake. A rare find, properties like these rarely enter the marketplace. This one comes with a great water supply.
The property has had a strong focus on pasture improvement over the years, this has helped with the increasingly higher yields of Lucerne over the years. The property has been new fenced with posts and rails around the home and entrance way.
KEY FEATURES
• Total land holding of 57 ha (141.39 acres)
• Opportunity to enter a renowned & tightly held district
• Highly productive sandy loam soils
• Reliable annual rainfall of 400mm
• Property has 400ML water usage allowance
• Two underground quality bores 1000ppm, 10ML class 3 River Murray, 2ML Class 1 River Murray, 10ML underground water with 2 bores, 15000 shares in CPC with CPC connection
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Property Details for 793 Lake Rd, Lake Plains

Building Type
Rural
Land Size
57ha

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About Lake Plains 5255

The size of Lake Plains is approximately 29.9 square kilometres. The population of Lake Plains in 2011 was 669 people. By 2016 the population was 41 showing a population decline of 93.9% in the area during that time. The predominant age group in Lake Plains is 50-59 years. Households in Lake Plains are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Lake Plains work in a managers occupation. In 2011, 79.4% of the homes in Lake Plains were owner-occupied compared with 53.9% in 2016..

Lake Plains has 71 properties. As at 30 November 2024:

  • The median value for Houses in Lake Plains is $798,643.
There are currently 2 properties listed for sale, and no properties listed for rent in Lake plains on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Lake plains.

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Sylvia Jemson-Ledger Hills & Fleurieu
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Elders Real Estate Strathalbyn RLA62833
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