This lovely property located right next to the township of Coongulla and overlooking Lake Glenmaggie is indeed a rare find. With options both for leisure activities close by and scope to transform the land into a variety of uses.
Land size is 24.88 hectares, or 61.4 acres approximately mostly cleared to pasture with small areas of trees and has a tranquil, natural feel.
A feature is the magnificent views of Lake Glenmaggie and surrounding scenery available from the elevated points.
The vendors have had a family connection to the property for over 60 years and are hoping the new owners get as much enjoyment from it as they have.
For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist
The size of Coongulla is approximately 32.5 square kilometres. It has 1 park covering nearly 41.1% of total area. The population of Coongulla in 2011 was 297 people. By 2016 the population was 166 showing a population decline of 44.1% in the area during that time. The predominant age group in Coongulla is 60-69 years. Households in Coongulla are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Coongulla work in a trades occupation. In 2011, 80.3% of the homes in Coongulla were owner-occupied compared with 80.8% in 2016.
Coongulla has 392 properties. Over the last 5 years, Houses in Coongulla have seen a 45.97% increase in median value. As at 31 October 2024:
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