FOR SALE
New Price - $1,600,000

240 Kealy Road
Benalla VIC 3672

Bedrooms: 7
Bathrooms: 3
Car spaces: 2
Floor area: 26m2
Land area: 95.06ac
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Broken River Frontage - "Riverside" - A 38.47 Hectare (95 Acres) Rural Lifestyle Property

Elders Real Estate of Wangaratta is pleased to present an exceptional rural property development opportunity, known as Benalla's "Riverside," located at 240 Kealy Road, a mere 6 kilometres west of the centre of Benalla. This 38.47-hectare (95-acre) estate is a remarkable offering available for private sale, marking the completion of the Balcombe estate.
A Property with Endless Potential Benalla's "Riverside" is a property that caters to a diverse range of buyers, boasting at least four compelling features that set it apart. Under the ownership of the Balcombe estate for over four decades, this property holds a single title, offering an extensive Kealy Road bitumen frontage, with the Broken River reserve forming its rear boundary.
What truly makes this property stand out is its coveted Rural Living zoning. The immediate neighbouring property to the north, which was subdivided in the early 1980s, has already been transformed into a flourishing rural lifestyle destination. Additionally, smaller residential building lots are currently under development or already being constructed nearby, further enhancing Benalla's residential appeal in the western dimension.
The Picturesque Landform is divided into two principal paddocks, both featuring pasture growth and currently accommodating a few steers. Its landform is characterised by level high bank riverside land with direct access to the Broken River, complete with an unmeasured Stock and Domestic water license.
There are two fully occupied family homes. The primary residence, a meticulously designed two-level brick veneer homestead constructed in the 1980s, offering four bedrooms, two bathrooms, and a total building area of 26 squares and in need of a refurbishment. A second home, added in 2009, is a modern three-bedroom timber Neatline transportable home with an area of 10 squares, offering the flexibility for the purchaser to retain it or relocate it as desired. Both homes are spaciously separated and equipped with essential amenities, including septic systems, extensive rainwater storage, and various useful steel garages, workshops, and farming equipment storage sheds.
The homes are surrounded by well-established lawns and gardens featuring mature specimen trees, creating a picturesque setting.
The principal home with its river frontage would be retained in a subdivision plan and, with some upgrading work, could be presented as an attractive, ideal living opportunity, as all services are in place. The second home added to the property in the early 1980s could also be retained and improved or easily relocated elsewhere.
This is a rare offering! Properties of this calibre, with both present farming and lifestyle potential, are seldom available in Benalla. The fortunate purchaser of Benalla's "Riverside" will have multiple options at their disposal. They can choose to keep the property intact for its grazing and pasture potential, maintaining it for farming and rural living purposes. Alternatively, this property can be held as a land banking opportunity for the future.
For additional information or to schedule a viewing of the exceptional Benalla's "Riverside" property at 240 Kealy Road, Benalla, please contact Elders Real Estate Wangaratta selling agent, Michael Everard, at 0408 653 161.
Don't miss out on this remarkable opportunity to own a piece of picturesque rural paradise with endless potential.

Property Details for 240 Kealy Rd, Benalla

Building Type
Rural
Floor Size
26m2
Land Size
95.06ac

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About Benalla 3672

The size of Benalla is approximately 315.3 square kilometres. It has 32 parks covering nearly 7.6% of total area. The population of Benalla in 2011 was 10,333 people. By 2016 the population was 10,355 showing a population growth of 0.2% in the area during that time. The predominant age group in Benalla is 60-69 years. Households in Benalla are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Benalla work in a trades occupation. In 2011, 67.7% of the homes in Benalla were owner-occupied compared with 67.2% in 2016.

Benalla has 7,120 properties. Over the last 5 years, Houses in Benalla have seen a 57.23% increase in median value, while Units have seen a 49.78% increase. As at 31 October 2024:

  • The median value for Houses in Benalla is $428,618 while the median value for Units is $321,076.
  • Houses have a median rent of $450 while Units have a median rent of $350.
There are currently 55 properties listed for sale, and 23 properties listed for rent in Benalla on OnTheHouse. According to CoreLogic's data, 256 properties were sold in the past 12 months in Benalla.

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