OFF MARKET

141 Balnarring Road
Balnarring VIC 3926

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 470541m2
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Property Details for 141 Balnarring Rd, Balnarring

Building Type
Land
Land Size
470541m2
Local Government
Mornington Peninsula
Lot/Plan
2/LP144718

Last Listing description (June 2018)

115 ACRES WITH WESTERN PORT & ISLAND VIEWS

Claiming a spectacular elevated pastoral outlook over rolling green farmland to the Western Port coast and the golden shoreline of Phillip Island beyond, this 115-acre rural parcel is the rarest of opportunities in a truly privileged location.


Serviced by a large central dam, two smaller dams and grey water, the well-drained and fertile soil offers the perfect conditions for a commercial nursery, previously cultivating stone fruit and ornamental trees, or lush pastures for grazing.

With frontage to Balnarring and Hunts roads, a six-bay machinery shed and various other shedding already on site, this prime and productive agricultural land also offers potential sites to build a residence to take advantage of the stunning views (STCA).

Only a few minutes drive to the shops and services of Balnarring village, with easy access to Melbourne via Peninsula Link freeway, this premium land offers a lifestyle opportunity of enviable proportions.

Property History for 141 Balnarring Rd, Balnarring, VIC 3926

A timeline of how this property has performed in the market
Last Sold
$6,500,000
14 Jan 2018
  • 14 Jan 2018
    Sold for $6,500,000
  • 18 Nov 2017
    Listed for Sale $6,500,000 - $6,750,000 (under offer)

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About Balnarring 3926

The size of Balnarring is approximately 26.7 square kilometres. It has 11 parks covering nearly 4.8% of total area. The population of Balnarring in 2011 was 2,526 people. By 2016 the population was 2,267 showing a population decline of 10.3% in the area during that time. The predominant age group in Balnarring is 60-69 years. Households in Balnarring are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Balnarring work in a professional occupation. In 2011, 85% of the homes in Balnarring were owner-occupied compared with 85% in 2016.

Balnarring has 1,211 properties. Over the last 5 years, Houses in Balnarring have seen a 41.98% increase in median value, while Units have seen a 29.00% increase. As at 31 October 2024:

  • The median value for Houses in Balnarring is $1,199,189 while the median value for Units is $641,007.
  • Houses have a median rent of $700 while Units have a median rent of $483.
There are currently 18 properties listed for sale, and no properties listed for rent in Balnarring on OnTheHouse. According to CoreLogic's data, 49 properties were sold in the past 12 months in Balnarring.

Suburb Insights for Balnarring 3926

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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.