FOR SALE
$920,000 - $950,000

148 Cherrys Lane
Toolangi VIC 3777

Bedrooms: 3
Bathrooms: -
Car spaces: 110
Land area: 76735m2
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RARE 18 ACRES ON RIVER WITH BUILDING APPROVAL

Here is a really special property: tightly held since first selection, this 18 acre (approx) holding commands 550 m of Yea River frontage, provides massive machinery shedding storage, arable pasture, and an old house to renovate.
The advantage of this land holding is the "building entitlement" provided by the existence of the dwelling. The circa 1920 3 bedroom home comes with engineer's plans for renovation. The house is on concrete and cypress stumps with a marvellous outlook over the surrounding farm land, views of Mount St Leonard, and overlooking the Yea River.
So you can undertake the project, or select a different building site and craft a home of your choosing.
The 22 m x 30 m concrete based machinery shed with power is a major asset, sporting a huge replacement value in today's economy. Power is connected to the property at two places, with a metre at the shed and metre at the house. 3 phase is available.
The 18 acres is divided into 5 paddocks with cattle yards on the river flats and crushed rock driveway in good condition.
This property will please a variety of incoming owners: hobby farmer, aspirational buyer looking to live on acreage, or investor. It is situated 17 mins to Healesville and Yarra Glen, located at the perfect crossroads for someone whose employment is based in the Yarra Valley or eastern suburbs.
The best thing about living in Toolangi is that it is close to either Melba or Maroondah highways, while being enough off the beaten track to be private, quiet and offering the very best of country living.
Don't miss out on this once and a lifetime opportunity. Text 148CHERRYS to 0448 820 022.
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Property Details for 148 Cherrys Lane, Toolangi

148 Cherrys Lane, Toolangi is a 3 bedroom, 0 bathroom House with 110 parking spaces. The property has a land size of 76735m2. The place is currently for sale with Integrity Real Estate.

Building Type
House
Land Size
76735m2

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About Toolangi 3777

The size of Toolangi is approximately 171.5 square kilometres. It has 4 parks covering nearly 84.6% of total area. The population of Toolangi in 2011 was 291 people. By 2016 the population was 331 showing a population growth of 13.7% in the area during that time. The predominant age group in Toolangi is 40-49 years. Households in Toolangi are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Toolangi work in a trades occupation. In 2011, 80.7% of the homes in Toolangi were owner-occupied compared with 88.8% in 2016..

Toolangi has 222 properties. Over the last 5 years, Houses in Toolangi have seen a 8.96% increase in median value, while Units have seen a 91.90% increase. As at 30 November 2024:

  • The median value for Houses in Toolangi is $941,463 while the median value for Units is $890,979.
There are currently 4 properties listed for sale, and no properties listed for rent in Toolangi on OnTheHouse. According to CoreLogic's data, 4 properties were sold in the past 12 months in Toolangi.

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Rob Verhagen
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