OFF MARKET

290 Riggs Creek Road
Balmattum VIC 3666

Bedrooms: 4
Bathrooms: -
Car spaces: 2
Land area: 1687801m2
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Property Details for 290 Riggs Creek Rd, Balmattum

290 Riggs Creek Rd, Balmattum is a 4 bedroom, bathroom House with 2 parking spaces. The property has a land size of 1687801m2. While the property is not currently for sale or for rent, it was last sold in October 1988.

Building Type
House
Land Size
1687801m2
Local Government
Strathbogie
Lot/Plan
1/TP601340

Last Listing description (December 2015)

'Kilcoolin' is a total of 7,257 acres - 2,933 hectares (approx) in 4 lots to be offered as a whole. Extensive road and laneway systems run through the property as do elaborate drainage systems while water is provided by numerous dams and a regulated poly and trough system which runs through most of the property. The pasture is excellent with extensive areas of sown phalaris and clover, approximately 300 acres are under Lucerne and the property is currently carrying 250 Angus cows and calves, 100 Angus heifer weaners, 5000 Merino ewes and 700 cross bred ewes producing 5000 Merino lambs and 1100 cross bred lambs. The improvements are vast over the 4 lots and include 3 large brick veneer residences (2 with in ground pools), 1 weatherboard residence and 1 cottage. The stock facilities include state of the art, 4 stand, raised board shearing shed with a second fully refurbished 4 stand shearing shed, extensive top quality yards, 2800 ton grain storage, excellent shedding and a 1000 head feedlot with retention dams. The four lots comprise 'Kilcoolin' - 1680 acres - 679 ha (approx), ' Moglonemby' - 2004 acres - 810 ha (approx), 'Strathaird' - 2163 acres - 874 ha (approx) and 'Pearsons' - 1410 acres - 570 ha (approx). This property is not only highly productive but also attractive with views to the Strathbogie Ranges in the distance and is under 2 hours from Melbourne. There is also a long standing and highly experienced management team in place to look after the day to day running of the property while the purchasers reap the benefits. Rarely does a property offering such vast broad acreage and with such magnificent infrastructure become available in Victoria, it is an unprecedented opportunity to invest in a piece of farming history.

Property History for 290 Riggs Creek Rd, Balmattum, VIC 3666

A timeline of how this property has performed in the market
Last Sold
$82,000
11 Oct 1988
  • 06 Oct 2015
    Listed for Sale Contact Agent
  • 11 Oct 1988
    Sold for $82,000
  • 12 Jul 1979
    Sold for $183,500

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About Balmattum 3666

The size of Balmattum is approximately 90.1 square kilometres. It has 4 parks covering nearly 0.2% of total area. The population of Balmattum in 2011 was 333 people. By 2016 the population was 102 showing a population decline of 69.4% in the area during that time. The predominant age group in Balmattum is 70-79 years. Households in Balmattum are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Balmattum work in a managers occupation. In 2011, 82% of the homes in Balmattum were owner-occupied compared with 63.7% in 2016..

Balmattum has 109 properties. As at 30 November 2024:

  • The median value for Houses in Balmattum is $1,356,808.
There are currently 2 properties listed for sale, and no properties listed for rent in Balmattum on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Balmattum.

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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.