OFF MARKET

1170 Cooriemungle Road
Cooriemungle VIC 3268

Bedrooms: 5
Bathrooms: 3
Car spaces: 1
Floor area: 308m2
Land area: 123439m2
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Property Details for 1170 Cooriemungle Rd, Cooriemungle

1170 Cooriemungle Rd, Cooriemungle is a 5 bedroom, 3 bathroom House with 1 parking spaces and was built in 2000. The property has a land size of 123439m2 and floor size of 308m2. While the property is not currently for sale or for rent, it was last sold in April 2012.

Building Type
House
Year Built
2000
Floor Size
308m2
Land Size
123439m2
Local Government
Corangamite
Lot/Plan
1/PS616851

Last Listing description (July 2017)

Located in the South West of Victoria just inland from the world famous 12 Apostles & Great Ocean Road in Cooriemungle you will find 28 pristine acres with a glorious view to the Otway Ranges.
The property is currently operated as a commercial Vineyard & Winery with Cellar Door. Eight of the 28 acres are under vine . Grape varietals include; Chardonnay, Pinot Noir, Pinot Grigio, Sauvignon Blanc, Pinot Meunier and a few small rows of Shiraz. Average wine production is approximately 10,000 bottles per annum. Most of which are sold at the Cellar Door or as online sales. Some grapes are sold to other Winemakers.
In addition there is a substantial 50 square brick veneer home comprising open plan kitchen, living and dining area, a central family bathroom with spa bath, 5 bedrooms of which two have ensuite bathrooms, an office, linen store, cellar (above ground), laundry, a second large family living room and an oversized single garage with remote door. Prior to the current owners this property operated as a B & B; the large home was purpose built with this in mind.

Outside there is the Winery & Cellar Door building 60m x 30m with 3 phase power. This is fully insulated with concrete floor, a mezzanine storage area and W.C. There is a second shed; a machinery shed that measures 80m x 30m and houses the Cool Room for wine storage. There is excellent water storage with four 7000 gallon poly tanks for the Winery & residence, a one mega liter dam with pressure pump for the farm and garden and a 10 mega liter irrigation dam if required (Not Used Since 2000 as there has been no need)
The balance of Land is suitable for cattle or sheep or you could extend the vineyard if you desire. The North East facing Ridge with a Limestone base is the perfect terrior.
The vines at Newtons Ridge Estate were planted in 1998 by David & Dot Newton; who were also influential in starting the 12 Apostles Food Artisans and Gourmet Trail. The trail grows in popularity each year. With as many as 2,000,000 tourists along the Great Ocean Road the potential is huge. If you are interested in being a part of the Cool Climate Wine Industry this really is a fantastic opportunity.
Imagine being able to acquire an established vineyard that has a fabulous track record; with eight acres of 18 year old vines that produce high quality wines and is already a major player in the local food artisan s Gourmet Trail.

Property History for 1170 Cooriemungle Rd, Cooriemungle, VIC 3268

A timeline of how this property has performed in the market
Last Sold
$892,000
26 Apr 2012
  • 23 Jan 2017
    Listed for Sale Contact Agent
  • 26 Apr 2012
    Sold for $892,000
  • 20 May 2011
    Listed for Sale FULL PARTICULARS AVAILABLE UPON REQUEST
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About Cooriemungle 3268

The size of Cooriemungle is approximately 146.5 square kilometres. It has 3 parks covering nearly 13.9% of total area. The population of Cooriemungle in 2011 was 465 people. By 2016 the population was 373 showing a population decline of 19.8% in the area during that time. The predominant age group in Cooriemungle is 50-59 years. Households in Cooriemungle are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Cooriemungle work in a managers occupation. In 2011, 79.8% of the homes in Cooriemungle were owner-occupied compared with 64.4% in 2016..

Cooriemungle has 160 properties. Over the last 5 years, Houses in Cooriemungle have seen a 50.54% increase in median value, while Units have seen a 76.12% increase. As at 31 October 2024:

  • The median value for Houses in Cooriemungle is $736,775 while the median value for Units is $505,564.
There are currently 1 property listed for sale, and no properties listed for rent in Cooriemungle on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Cooriemungle.

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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.