FOR SALE
$9,500,000

2170 Princes Highway
Nar Nar Goon VIC 3812

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 66.52ha
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Prime Land Opportunity: A Legacy of Over 55 Years

Presenting a rare opportunity, this magnificent 164-acre (66.52 hectares) parcel of land is offered for sale for the first time, having been cherished by the same family for over five decades. Boasting dual road frontages with convenient access from the Princes Highway, this expansive property is connected to mains water, making it an ideal canvas for various endeavours. With its appealing northern orientation, the land gently slopes from the home, offering breathtaking views.
Currently utilized as grazing land, the property features exceptional fencing, laneway access for cattle, a dam, and sundry shedding, making it well-equipped for agricultural purposes. As the bustling townships of Pakenham and Officer continue to expand at a rapid pace, coupled with the construction of new homes in Nar Nar Goon, this property emerges as a prime opportunity for astute investors interested in land banking. With the inevitable progression of neighbouring townships, this land holds immense potential for future development and growth (STCA).
Additionally, a charming three bedroom brick home, albeit in need of some tender loving care (TLC), stands as a testament to the property's rich history and can also provide a steady income stream as the area evolves.
Don't miss the chance to secure your stake in this land of opportunity.
Please note: All property details listed were current at the time of publishing. Due to extreme buyer demand, some properties may have been sold in the preceding 24 hours. Therefore confirmation of all opens with the listing agent within 24 hours of their scheduled opening is advised
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Property Details for 2170 Princes Hwy, Nar Nar Goon

Building Type
Rural
Land Size
66.52ha

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About Nar Nar Goon 3812

The size of Nar Nar Goon is approximately 51.9 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Nar Nar Goon in 2011 was 1,012 people. By 2016 the population was 1,007 showing a population decline of 0.5% in the area during that time. The predominant age group in Nar Nar Goon is 50-59 years. Households in Nar Nar Goon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nar Nar Goon work in a trades occupation. In 2011, 80.7% of the homes in Nar Nar Goon were owner-occupied compared with 73.4% in 2016.

Nar Nar Goon has 740 properties. Over the last 5 years, Houses in Nar Nar Goon have seen a 42.56% increase in median value, while Units have seen a 26.42% increase. As at 31 October 2024:

  • The median value for Houses in Nar Nar Goon is $1,051,995 while the median value for Units is $515,811.
  • Houses have a median rent of $840.
There are currently 10 properties listed for sale, and no properties listed for rent in Nar nar goon on OnTheHouse. According to CoreLogic's data, 10 properties were sold in the past 12 months in Nar nar goon.

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Sam Paynter
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