OFF MARKET

116 Springs Road
Wisanger SA 5223

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1051405m2
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Last updated 11 Nov 2024
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Property Details for 116 Springs Rd, Wisanger

Building Type
Unknown
Land Size
1051405m2
Local Government
Kangaroo Island
Lot/Plan
S116/H110800

Last Listing description (October 2024)

Gap Hills represents two buying opportunities & both are becoming rarer as farm aggregation continues at pace across Australia.

Gap Hills presents as the perfect small farm, income producing getaway. Its location only 10mins from Kingscote, spectacular scenery, wildlife & most importantly, the unique combination of quality improvements with 474 cropping/grazing acres means that Gap Hills is an affordable investment - Particularly compared to mainland values.

Gap Hills can be considered as an ideal farm build up option to provide flexibility & biosecurity to an existing farming & grazing business. There is still upside in the pasture composition & the fertility, quality fencing & shedding means that this farm is poised to go to best practice productivity. The solid construction 3 bedroom homestead lends itself to a manager's residence, a long or a short-term rental. Of interest to all buyers is the reliable rainfall & water infrastructure that provides excellent water security.

A 5KW Zen Energy solar system is fitted w 20 x solar panels & provides power for the Fodder Solutions Hydroponic feed production unit that is included in the property sale. This provides very low cost feed security on the property.

Gap Hills is truly a flexible farming/grazing property, with every arable paddock having been cropped in the past 10yrs.

Expressions of Interest, Closing 8th November 2024 USP

Please contact agent for the Information Memorandum & feel free to call with your questions, or to book an on farm inspection.

Property History for 116 Springs Rd, Wisanger, SA 5223

A timeline of how this property has performed in the market
  • 24 Sep 2024
    Listed for Sale Expressions of Interest

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About Wisanger 5223

The size of Wisanger is approximately 102.6 square kilometres. The population of Wisanger in 2011 was 2,032 people. By 2016 the population was 112 showing a population decline of 94.5% in the area during that time. The predominant age group in Wisanger is 50-59 years. Households in Wisanger are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wisanger work in a managers occupation. In 2011, 66.6% of the homes in Wisanger were owner-occupied compared with 68.9% in 2016..

Wisanger has 164 properties. Over the last 5 years, Houses in Wisanger have seen a 76.08% increase in median value. As at 31 October 2024:

  • The median value for Houses in Wisanger is $869,418 while the median value for Units is $591,851.
There are currently 2 properties listed for sale, and no properties listed for rent in Wisanger on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Wisanger.

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Disclaimer
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.