7265 Princes HighwayCoorong SA 5264
Property Details for 7265 Princes Hwy, Coorong
Last Listing description (December 2022)
Best Offers Before 4pm Tuesday 13th December 2022. Contact Agent to organise a time to tour the property.
Magrath Flat overlooks the Coorong just east of Rabbit Island approximately 20kms south of the township of Meningie.
The State Heritage Listed Magrath Flat Homestead and outbuildings are set across four titles. The property represents the perfect opportunity for a lifestyle buyer or investor. Titles 11 and 15 can be sold separately, titles 12 and 14 are to be sold together or all 4 titles can be purchased to retain the current land holding.
Magrath Flat was established as a post office and telegraph station as well as a Staging Post for the Cobb & Co. mail coach service. Comprising the homestead, coach house and loft, blacksmith, stables, shearers quarters and shearing shed.
Magrath Flat homestead proudly tells the tale of 165 years on the Coorong and its heritage status reflects the important historical role this property played in connecting Adelaide to the south of the state through to Victoria.
On arrival you'll note the expansive bullnose verandah provides the perfect vantage point to take in the sun setting over Rabbit Island and the waters and wildlife of the Coorong national park. The water reserve status of the land adjacent to Lot 14 ensures your view will never be disrupted. Built to last, the homestead centres round an enclosed sheltered courtyard with original well, a reminder of the self-sufficiency of yesteryear.
Whilst the broader building is in need of an owner with a passion for restoration, its heart remains warm and inviting, starting with the cosy country kitchen with all utilities in good working order. Power and mains water deliver all your creature comforts and the 2 living rooms, 4 bedrooms and 2 bathrooms provide for larger families to enjoy or the hosting of guests on weekends away.
The current owners have ensured the homestead's structural integrity is retained with an upgraded corrugated iron roof and have commenced restoration of storerooms adjoining the main living quarters. The foundation is laid for new owners to move in and relish the opportunity to bring to life the next chapter of this wonderful heritage homestead.
Set back from the main building you will find further treasures of Magrath Flat's historic footprint with the original shearers quarters, shearing shed and stables. These impressive stone buildings are in need of significant care and conservation; however their potential is obvious and the opportunities endless in these days of AirBnBs, microbreweries and artisan distilleries.
Taking a walk across the paddock, located on a separate title, is a traditional 3 bedroom cottage that produced a rental income until the previous tenants departed approximately 3 years ago. The cottage has now fallen to a state requiring attention similar to that of the shearers quarters, whilst also presenting similar opportunity for future homestay accommodation.
The Coorong is a place of natural wonder and with Magrath Flats you can experience all it has to offer; as a bird-watchers paradise with resident eagles circling in the skies above, as a home to families of emu's and kangaroos, or via the water where you can launch a boat from the point of Lot 15.
Magrath Flat homestead, stables, shearers quarters and cottage present an amazing canvas for a buyer of passion and vision to leave their mark on this historic property.
ADDRESSES:
Lot 11 Princes Highway, Coorong, SA 5264 (Lot 11)
7291 Princes Highway, Coorong, SA 5264 (Lot 12)
7265 Princes Highway, Coorong, SA 5264 (Lots 14 + 15)
TITLES and LAND SIZE:
CT5150 / 571: Northern Title (Lot 11) - Vacant Land with Water Frontage (350m) - 28.3Ha
CT5740 / 17: Cottage Title (Lot 12) - 1.19Ha
CT5751 / 107: Magrath Flat Homestead Title (Lot 14) - 14.07Ha
CT5751 / 106: Southern Title (Lot 15) - Vacant Land with Water Frontage (550m) - 23.9Ha
Property History for 7265 Princes Hwy, Coorong, SA 5264
- 14 Dec 2022Sold for $380,000
- 18 Oct 2022Listed for Sale Contact Agent
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About Coorong 5264
The size of Coorong is approximately 841.5 square kilometres. It has 2 parks covering nearly 57% of total area. The population of Coorong in 2011 was 1,501 people. By 2016 the population was 50 showing a population decline of 96.7% in the area during that time. The predominant age group in Coorong is 60-69 years. Households in Coorong are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Coorong work in a managers occupation. In 2011, 65.1% of the homes in Coorong were owner-occupied compared with 60.8% in 2016..
Coorong has 135 properties. Over the last 5 years, Houses in Coorong have seen a 48.05% increase in median value. As at 31 October 2024:
- The median value for Houses in Coorong is $325,603.
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