OFF MARKET

Springs Road
Menzies SA 5223

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1862000m2
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Property Details for Lot 255 Springs Rd, Menzies

Building Type
Rural
Year Built
1980
Land Size
1862000m2
Local Government
Kangaroo Island
Lot/Plan
S255/H110800

Last Listing description (May 2023)

High Gums, Kangaroo Island is a unique combination of location, rainfall, scale & soil type that creates a generational opportunity. A total of 909.3ha (2246 acres) to be sold as a whole, or in 5 lots, High Gums will be either a stand-alone farming enterprise, or a number of 1st class farm build up blocks to purchase in lots. The gently undulation topography and clay loam soils provides for easy water catchment.

The value proposition for High Gums, relative to other reliable rainfall land, is compelling. There is plenty of upside in the property, given the outstanding fundamentals of the property.
I look forward to showing you over the property during the marketing period.

Information Memorandum available.

Lot 1 357.38ha (883.1 ac) approx.
Lot 2 186.2ha (460.1 ac) approx.
Lot 3 113.3ha (279.9 ac) approx.
Lot 4 233ha (575.7 ac) approx.
Lot 5 19.42ha (48 ac) approx.

For Sale by Auction to be held on 20th October 2022 at 1pm at Ozone Hotel, Kingscote

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Property History for Lot 255 Springs Rd, Menzies, SA 5223

A timeline of how this property has performed in the market
Last Sold
$3,359,829
31 Mar 2023
  • 05 May 2023
    Listed for Sale Auction 20 Oct 2022
  • 03 Apr 2023
    Listed for Sale Auction 20 Oct 2022
  • 31 Mar 2023
    Sold for $3,359,829
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About Menzies 5223

The size of Menzies is approximately 123.7 square kilometres. The population of Menzies in 2011 was 260 people. By 2016 the population was 76 showing a population decline of 70.8% in the area during that time. The predominant age group in Menzies is 60-69 years. Households in Menzies are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Menzies work in a managers occupation. In 2011, 87.5% of the homes in Menzies were owner-occupied compared with 90.6% in 2016..

Menzies has 89 properties. Over the last 5 years, Houses in Menzies have seen a 73.41% increase in median value. As at 30 November 2024:

  • The median value for Houses in Menzies is $773,607.
There are currently 1 property listed for sale, and no properties listed for rent in Menzies on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Menzies.

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