OFF MARKET

1092 Gelantipy Road
Buchan VIC 3885

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1311231m2
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Property Details for 1092 Gelantipy Rd, Buchan

Building Type
Rural
Land Size
1311231m2
Local Government
East Gippsland
Lot/Plan
2/PS448818

Last Listing description (February 2018)

LOCATED A SHORT DISTANCE FROM THE BEAUTIFUL COUNTRY TOWN OF BUCHAN IS THIS 128 HECTARES (APPROX.) WHICH HAS BEEN IN THE FAMILY FOR FOUR GENERATIONS. THIS UNIQUE PORTION OF LAND FEATURES POCKETS OF NATURAL BUSH AND SOME CLEARED LAND RUNNING DOWN TO THE MURRINDAL RIVER. THIS PROPERTY IS LIME STONE COUNTRY WITH RED BASALT SOILS WHICH ARE RECOGNIZED FOR THEIR EXCELLENCE IN GROWING PERFECT PRODUCE AND GREAT PASTURE. IT IS ESTIMATED TO CARRY 450-500 HEAD OF SHEEP AT PRESENT. WATER TO THIS PROPERTY IS PROVIDED VIA TWO LARGE DAMS AND A NATURAL SPRING. THE PROPERTY HAS EXCELLENT BUILDING SITES (STCA) WITH POWER RUNNING THROUGH THE FRONT OF THE PROPERTY. CENTRAL TO BAIRNSDALE, LAKES ENTRANCE AND ORBOST, THIS PROPERTY IS IN A GOOD LOCATION AND IS WELL-WORTHY OF YOUR INSPECTION!

Property History for 1092 Gelantipy Rd, Buchan, VIC 3885

A timeline of how this property has performed in the market
Last Sold
$200,000
19 Oct 2018
  • 19 Oct 2018
    Sold for $200,000
  • 13 Feb 2018
    Listed for Sale $390,000
  • 08 Aug 2016
    Listed for Sale $390,000

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About Buchan 3885

The size of Buchan is approximately 429.6 square kilometres. It has 5 parks covering nearly 88.6% of total area. The population of Buchan in 2011 was 386 people. By 2016 the population was 226 showing a population decline of 41.5% in the area during that time. The predominant age group in Buchan is 50-59 years. Households in Buchan are primarily childless couples and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Buchan work in a managers occupation. In 2011, 78.8% of the homes in Buchan were owner-occupied compared with 77.9% in 2016..

Buchan has 285 properties. Over the last 5 years, Houses in Buchan have seen a 119.64% increase in median value. As at 30 September 2024:

  • The median value for Houses in Buchan is $334,855 while the median value for Units is $280,259.
There are currently 3 properties listed for sale, and no properties listed for rent in Buchan on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Buchan.

Suburb Insights for Buchan 3885

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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.