1580 Main Drain RoadCora Lynn VIC 3814
Property Details for 1580 Main Drain Rd, Cora Lynn
Last Listing description (May 2019)
Farm it yourself or purchase as a solid rural investment property with a very attractive lease-back offer. Here is an opportunity to acquire quality versatile peat country in Cora Lynn, comprising 135 acres in two titles. A renowned cropping district, Cora Lynn continues to evolve with a variety of expanding horticultural enterprises - asparagus, leeks, broccolini, strawberries, fodder crops etc. With significant improvements and a proven track record growing potatoes and also maize for fodder, this rich property represents excellent value and is only 10 minutes drive to the SE FWY, one hour to Melbourne CBD. Features and improvements include:
- 135 acres, 2 titles, prime soil well suited to many pursuits,
- horticulture, fruit, beef, alpaca, equine interests,
- irrigation mainlines/hydrants, underground drainage,
- three road frontages, well fenced, 3 phase power,
- I hour to CBD, close to race track, building permit (STCA)
- an attractive lease-back offer available to passive investors.
This well managed property is well placed to capitalise on the horticultural trend as well as being ideal for the establishment of a horse training complex or other lifestyle pursuits or investment.
A self -propelled travelling irrigator is available as an option to purchase by the successful purchaser.
An additional 57 acres, c/w 5 BR b/v home and an expansive shedding complex is also available to purchase
For further information please contact agent: RAY CULLEN on 0429 977313
Property History for 1580 Main Drain Rd, Cora Lynn, VIC 3814
- 29 Mar 2015Listed for Sale $2,300,000
- 08 Apr 2011Listed for Sale ESTIMATED RANGE: $680,000 - $720,000
- 05 Apr 2011Sold for $695,000
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0About Cora Lynn 3814
The size of Cora Lynn is approximately 23.2 square kilometres. The population of Cora Lynn in 2011 was 237 people. By 2016 the population was 231 showing a population decline of 2.5% in the area during that time. The predominant age group in Cora Lynn is 0-9 years. Households in Cora Lynn are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cora Lynn work in a managers occupation. In 2011, 80.2% of the homes in Cora Lynn were owner-occupied compared with 74.7% in 2016..
Cora Lynn has 116 properties. Over the last 5 years, Houses in Cora Lynn have seen a 28.25% increase in median value. As at 31 July 2024:
- The median value for Houses in Cora Lynn is $1,292,411 while the median value for Units is $909,598.
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