FOR SALE
$1,850,000

100 Tarago Reservoir Road
Neerim South VIC 3831

Bedrooms: 9
Bathrooms: 5
Car spaces: 12
Land area: 5ac
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Versatile Holding, Two Houses, 5 Acres, Rural Setting

Offering dual occupancy for a multi generation family and extensive sheds for the tradesperson, large vehicles, storage or workshop needs, all in a picturesque rural setting three minutes' drive from town, this approximate five acre holding is a unique opportunity.
Zoned low density residential, potential for future subdivision or redevelopment adds an investment element.
Extensive and versatile improvements include:
• Dwelling one - four bedroom, two bathroom brick veneer home
• Dwelling two - five bedroom, two bathroom brick veneer home
• 18m x 9m high clearance shed with side sliding doors plus a roller door
• 12 x 11m partitioned shed with sliding doors either end - ideal for van storage
• Disused dairy with steel stockyards, loading race and crush
• Multiple tanks
• Miscellaneous wood/garden sheds and a kid's cubby house
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Property Details for 100 Tarago Reservoir Rd, Neerim South

100 Tarago Reservoir Rd, Neerim South is a 9 bedroom, 5 bathroom AcreageSemi-rural with 12 parking spaces. The property has a land size of 5ac. The place is currently for sale with Ray White Drouin.

Building Type
AcreageSemi-rural
Land Size
5ac

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About Neerim South 3831

The size of Neerim South is approximately 63.9 square kilometres. It has 9 parks covering nearly 1.3% of total area. The population of Neerim South in 2011 was 1,193 people. By 2016 the population was 1,302 showing a population growth of 9.1% in the area during that time. The predominant age group in Neerim South is 50-59 years. Households in Neerim South are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Neerim South work in a professional occupation. In 2011, 81.5% of the homes in Neerim South were owner-occupied compared with 82.9% in 2016.

Neerim South has 971 properties. Over the last 5 years, Houses in Neerim South have seen a 38.72% increase in median value, while Units have seen a 59.77% increase. As at 30 November 2024:

  • The median value for Houses in Neerim South is $629,831 while the median value for Units is $498,367.
  • Houses have a median rent of $525.
There are currently 15 properties listed for sale, and 1 property listed for rent in Neerim south on OnTheHouse. According to CoreLogic's data, 26 properties were sold in the past 12 months in Neerim south.

Suburb Insights for Neerim South 3831

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Ray White Drouin
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Vince Di Grazia
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Ray White Drouin
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.