Situated at Pelham, at an altitude of approx. 460m, this property sits at the watershed between the Jordan Valley and the Derwent Valley.
Currently running a prime lamb flock, the property is also well suited to cattle and would make an excellent summer grazing relief block for a down country grazing operation. The altitude and climate are also ideal tree growing conditions for a carbon project.
The property is well watered and the majority is arable with strategic clumps of trees and native timber left for stock shelter.
The size of Pelham is approximately 37 square kilometres. It has 5 parks covering nearly 22.5% of total area. The population of Pelham in 2011 was 477 people. By 2016 the population was 24 showing a population decline of 95.0% in the area during that time. The predominant age group in Pelham is 40-49 years. Households in Pelham are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Pelham work in a trades occupation. In 2011, 75.5% of the homes in Pelham were owner-occupied compared with 100% in 2016..
Pelham has 30 properties. Over the last 5 years, Houses in Pelham have seen a 64.56% increase in median value. As at 31 October 2024:
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