OFF MARKET

Madden Road
Cardigan VIC 3352

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 527573m2
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Property Details for Lot 2 Madden Rd, Cardigan

Building Type
Rural
Land Size
527573m2
Local Government
Ballarat
Lot/Plan
2/PS533891

Last Listing description (September 2021)

With farmland in high demand, this property represents both a productive land holding and an astute investment in this tightly held location. Comprising three titles totalling 96.32 Hectare (approx. 240 acres) - the property has a Farming Zone and is within the Ballarat Shire.

Improvements include a stock and domestic bore, four dams, 26.5m x 12m x 4.5m high lock up shed with electricity connected and concrete floor, further sundry shedding and water tanks. The versatile property has a recent history of cropping, hay production and stock grazing.

Being opposite the Cardigan Village Estate this property also offers a great opportunity as a strategic land bank investment. Contact Jellis Craig Ballarat for further details or to arrange your inspection.

Property History for Lot 2 Madden Rd, Cardigan, VIC 3352

A timeline of how this property has performed in the market
Last Sold
$400,000
08 May 2012
  • 16 Jun 2021
    Listed for Sale $2,500,000 - $2,700,000
  • 08 May 2012
    Sold for $400,000
  • 28 Jul 2011
    Transferred

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About Cardigan 3352

The size of Cardigan is approximately 36.5 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Cardigan in 2011 was 645 people. By 2016 the population was 745 showing a population growth of 15.5% in the area during that time. The predominant age group in Cardigan is 10-19 years. Households in Cardigan are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cardigan work in a professional occupation. In 2011, 92.1% of the homes in Cardigan were owner-occupied compared with 93.2% in 2016.

Cardigan has 737 properties. Over the last 5 years, Houses in Cardigan have seen a 48.55% increase in median value, while Units have seen a 3.50% increase. As at 31 October 2024:

  • The median value for Houses in Cardigan is $943,598 while the median value for Units is $529,027.
There are currently 12 properties listed for sale, and 1 property listed for rent in Cardigan on OnTheHouse. According to CoreLogic's data, 32 properties were sold in the past 12 months in Cardigan.

Suburb Insights for Cardigan 3352

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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.