769 Bells RoadBarunah Park VIC 3329
Property Details for 769 Bells Rd, Barunah Park
769 Bells Rd, Barunah Park is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 7786681m2.
Last Listing description (February 2023)
A passive investment in agricultural land with secure long term lease income together with the expected capital appreciation always seen with farm land.
A major feature of this property is the expected long term income stream (CPI indexed) to be generated from 10 wind turbines and ancillary equipment to be erected on the property.
The combined income from the wind turbines and agricultural lease will generate a return of approximately 3.75% with CPI increases to the wind tower component.
Historically agricultural properties have doubled in value every 10 years.
The Western District is recognised as Victoria's premium cropping and livestock region due to its proven rainfall reliability, productive soil types and proximity to large urban towns.
This property is positioned in the reliable rainfall area between Rokewood and Cressy which is renowned for high yielding crops and healthy grazing country. Incorporating clay loam soils with stone outcrops, 70 - 75% of the holding is considered arable with scope for further clearing.
Improvements which are in original condition include:
- 3 stand wool shed
- Sheep yards & steel cattle yards
- Machinery sheds and workshop
- 2 hay sheds
- Secure water supply featuring dams and 2 bores
Properties of this scale and productivity, coupled with a reliable average rainfall within a two hour drive from Melbourne, rarely come on the market. This is truly a remarkable opportunity to secure an expansive productive holding in a prime rural location.
Property History for 769 Bells Rd, Barunah Park, VIC 3329
- 21 Oct 2022Listed for Sale $12,900,000 - $14,000,000
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About Barunah Park 3329
The size of Barunah Park is approximately 85.5 square kilometres. The population of Barunah Park in 2011 was 432 people. By 2016 the population was 13 showing a population decline of 97.0% in the area during that time. The predominant age group in Barunah Park is 60-69 years. Households in Barunah Park are primarily childless couples and are likely to be repaying not stated per month on mortgage repayments. In general, people in Barunah Park work in a managers occupation. In 2011, 76.2% of the homes in Barunah Park were owner-occupied compared with 150% in 2016..
Barunah Park has 26 properties. As at 30 September 2024:
- The median value for Houses in Barunah Park is $1,174,848.
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