* Set centrally to Drake village just on the outskirts, this fantastic opportunity for a perpetual grazing lease can also be utilized for lifestyle opportunities such as a family or group getaway and other farming genres, grow veggies, fruit trees etc.
* With a large area fronting Fairfield Creek on one side of the road with grazing areas, other side grazing and 3 good sized dams, small shelter for cattle, sheep or goats, right of carriageway access on White Rock Rd.
* Backs onto State forests and the actual property has a good balance of forested areas.
* PLEASE NOTE - BANK FINANCE CAN NOT BE OBTAINED ON LEASEHOLD TITLED PROPERTIES, PERPETUAL MEANS FOREVER - IN PERPETUITY, SO THEREFORE THERE IS NO TIME FRAME.
THIS PROPERTY HAS NO DWELLING ENTITLEMENT.
* Agent discloses bush fires in 2019.
All information contained herein by Amanda Johnson Realty is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
The size of Drake is approximately 282.7 square kilometres. It has 3 parks covering nearly 18.8% of total area. The population of Drake in 2011 was 397 people. By 2016 the population was 338 showing a population decline of 14.9% in the area during that time. The predominant age group in Drake is 50-59 years. Households in Drake are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Drake work in a labourer occupation. In 2011, 83.7% of the homes in Drake were owner-occupied compared with 85.8% in 2016.
Drake has 299 properties. Over the last 5 years, Houses in Drake have seen a 47.89% increase in median value. As at 30 November 2024:
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