SOLD
Sold on 06 Sep 2024 for $280,000

296 Mckenzie Road
Loveday SA 5345

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 49100m2
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Property Details for 296 Mckenzie Rd, Loveday

Building Type
Rural
Land Size
49100m2
Local Government
Berri Barmera
Lot/Plan
S356/H740700

Last Listing description (September 2024)

Introducing 296 McKenzie Road, Barmera: A prime investment opportunity or a serene escape from the bustling town center. Spanning approximately 4.88 hectares (12.05 acres), this property offers endless possibilities.

Quality Vineyard with well established markets producing healthy returns. Further details below.

Cabernet Sauvignon | 1.5ha (3.70 acres) | 35 tonne (approx yearly average), contracted to TWE (Treasury Wine Estates) until 2026.

Durif | 1.3ha (3.21 acres) | 35 tonne (approx yearly average), contracted to TWE until 2026.
Grenache Blanc | 0.50ha (1.23 acres) | 20 tonne (approx yearly average), contracted to Thistledown Wines until 2026.
Gordo Blanco | 1.25ha (3.08 acres) | 25 tonne (approx yearly average), contracted to various parties, (contact Agent for more details).
Total planted area (approximately), 4.55ha (11.23 acres).
115 Tonne total yearly average (approx).
Central Irrigation Trust (CIT) water delivery rights = 52.430 ML (Megalitres).
Under vine sprinkler irrigation system via CIT mains pressurised line.
Machinery shed approx 12m x 6.5m
Current owner may also consider leasing back the vineyard under terms to be discussed.
Certificate of Title | Volume 5417 Folio 824 (Sec 356 & 847).

Residence | Key features include:

3 good sized bedrooms, main room features WIR.
Well-appointed kitchen with ample storage, gas cooktop, wall oven.
Enjoy two generous and sunlit living areas, one with rear access.
Heating and cooling provided by the cozy wood heater and reverse cycle split system air-conditioning the the main lounge room.
Centrally located bathroom with bath, shower, vanity, and separate toilet.
Undercover patio with a large grassed area, perfect for entertaining guests.
Currently tenanted for $290 per week until 10/11/2024.

Pat Catalano
0477 590 540

Janis Richter
0439 809 949

RLA: 315295

Disclaimer: While diligent efforts have been made to ensure the accuracy of the information provided, no responsibility or liability is assumed for any errors, omissions, or inaccuracies. Prospective buyers are advised to conduct their own inquiries to verify the information presented. Furthermore, the agent makes no representations or warranties concerning property boundaries or potential encroachments; all aerial imagery is for illustrative purposes only. Buyers should independently confirm property boundaries prior to entering into any contractual agreement.

Property History for 296 Mckenzie Rd, Loveday, SA 5345

A timeline of how this property has performed in the market
Last Sold
$280,000
06 Sep 2024
Listed for Rent
$300/w
27 Apr 2023
  • 06 Sep 2024
    Sold for $280,000
  • 18 Jul 2024
    Listed for Sale $280,000
  • 24 Apr 2023
    Listed for Rent $300 / week
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About Loveday 5345

The size of Loveday is approximately 58.9 square kilometres. The population of Loveday in 2011 was 661 people. By 2016 the population was 620 showing a population decline of 6.2% in the area during that time. The predominant age group in Loveday is 60-69 years. Households in Loveday are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Loveday work in a labourer occupation. In 2011, 79.1% of the homes in Loveday were owner-occupied compared with 78.9% in 2016.

Loveday has 379 properties. Over the last 5 years, Houses in Loveday have seen a 104.82% increase in median value. As at 30 November 2024:

  • The median value for Houses in Loveday is $402,906 while the median value for Units is $549,154.
There are currently 3 properties listed for sale, and no properties listed for rent in Loveday on OnTheHouse. According to CoreLogic's data, 10 properties were sold in the past 12 months in Loveday.

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Ray White Riverland
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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.