SOLD
Sold on 12 Mar 2024 for $1,380,000

Richter Road
Korunye SA 5502

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 453200m2
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Property Details for Lot 516 Richter Rd, Korunye

Building Type
Commercial
Land Size
453200m2
Local Government
Mallala
Lot/Plan
A516/F174983

Last Listing description (March 2024)

Rarely does agricultural parcels of land such as this become available in Korunye, land in the district is very tightly held. It offers and excellent opportunity to purchase for farm build up or for someone to establish their dream lifestyle property.
The very attractive block of 45.32 hectares - 111.92 acres is gently undulating with a small stand of fenced off natural scrub on the rise and is bound by 3 road frontages, Richter Road, Germantown Road and Hall Road.
It is serviced by mains water and and mains electricity runs along the northern boundary

In a very reliable rainfall area with and average of 373mm the land has been cropped and grazed.
The previous three years cropping history are .

2021
Wheat
Yield :4.5 tonne/hectare
Fertiliser: 100kg MAP
200KG Urea
Chemicals: Glyphosate
Estercide Xtra 680
Encore
Sakura + Avadex
Ally
Paradigm
LVE MCPA

2022
Highland Lentils
Yield: 2.7 tonne/hectare
Fertiliser: 80kg MAP
Chemicals: Glyphosate
Trifluralin
Propyzamide
Pyrinex Super
Butroxydim
Clethodim
Intervix

2023
Wheat
Yield: 4.5 tonne/hectare
Fertiliser: 100kg MAP
200KG Urea
Chemicals: Glyphosate
Dicamba
Sakura + Avadex
Dicamba + LVE MCPA
Amicide Advance 700
The vendor is prepared to give the purchaser immediate access once deposit has been to commence preparation for the 2024 cropping season.

Zoning: Rural Horticulture
Council: Adelaide Plains
Council Rates: $2021.15 per annum
SAWater: $74.50 per quarter supply charge plus usage

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Property History for Lot 516 Richter Rd, Korunye, SA 5502

A timeline of how this property has performed in the market
Last Sold
$1,380,000
12 Mar 2024
  • 12 Mar 2024
    Sold for $1,380,000
  • 04 Jan 2024
    Listed for Sale AUCTION
  • 01 Jan 2011
    Sold for $350,000

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About Korunye 5502

The size of Korunye is approximately 77.1 square kilometres. The population of Korunye in 2011 was 231 people. By 2016 the population was 229 showing a population decline of 0.9% in the area during that time. The predominant age group in Korunye is 50-59 years. Households in Korunye are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Korunye work in a managers occupation. In 2011, 80.8% of the homes in Korunye were owner-occupied compared with 75.6% in 2016..

Korunye has 166 properties. Over the last 5 years, Houses in Korunye have seen a 114.44% increase in median value, while Units have seen a 728.67% increase. As at 31 October 2024:

  • The median value for Houses in Korunye is $969,564 while the median value for Units is $347,018.
There are currently 3 properties listed for sale, and no properties listed for rent in Korunye on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Korunye.

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