825 Dry Creek RoadAncona VIC 3715
Property Details for 825 Dry Creek Rd, Ancona
Last Listing description (November 2020)
The 'Dry Creek plantation' is a 40.77Ha (100.74Ac) property located 12km North of Bonnie Doon and 169km North East of Melbourne CBD and within easy reach of Lake Eildon.
The property features approximately 36.9Ha (91.1Ac) of 16 year old quality maturing Pinus radiata plantation which can be harvested now for immediate revenue or alternatively left for further growth and greater revenue in the near future.
The property is ideally suited to a multitude of future uses including; grazing and lifestyle pursuits or for the opportunistic investor, continued use as a second rotation pine plantation post harvest. The ideal size of the property (greater than 100 acres) allows for likely building approval via Mansfield Shire subject to typical overlay considerations.
Lifestyle pursuits including hiking, camping, four wheel driving, motocross, hunting or other are ideally suited to this perfectly elevated property.
The property includes a network of quality internal roadways allowing access throughout, spectacular views and numerous potential cabin or home sites.
Located in a region of greater than 700mm mean annual rainfall this property presents exceptional value to those sophisticated investors looking for a weekend lifestyle opportunity with the added benefit of future income from plantation revenues.
Dry Creek presents a very affordable opportunity in this highly desirable region with the added bonus of immediate revenue potential which could easily be diverted to the establishment of a home or cabin.
Key features:
- 40.77 hectares (100.74 acres)
- 1 freehold title
- Total planted area 36.90 hectares (91.18 acres)
- Excellent internal and external roads throughout region.
- Perfect lifestyle property with income available from mature plantation (inventory available).
- Easy access by road to major regional towns, and Melbourne.
Property History for 825 Dry Creek Rd, Ancona, VIC 3715
- 21 Dec 2020Sold for $200,000
- 27 May 2019Listed for Sale $450,000
- 29 Jun 2016Sold for $260,000
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0About Ancona 3715
The size of Ancona is approximately 68.3 square kilometres. It has 2 parks covering nearly 18% of total area. The population of Ancona in 2011 was 303 people. By 2016 the population was 77 showing a population decline of 74.6% in the area during that time. The predominant age group in Ancona is 60-69 years. Households in Ancona are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Ancona work in a managers occupation. In 2011, 86.9% of the homes in Ancona were owner-occupied compared with 71.9% in 2016..
Ancona has 105 properties. Over the last 5 years, Houses in Ancona have seen a 138.24% increase in median value, while Units have seen a 209.41% increase. As at 31 October 2024:
- The median value for Houses in Ancona is $2,392,011 while the median value for Units is $934,371.
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