SOLD
Sold on 22 Dec 2023 for $2,000,000

60 Holstons Road
Driffield VIC 3840

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1230000m2
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Property Details for 60 Holstons Rd, Driffield

Building Type
Land
Land Size
1230000m2
Local Government
Latrobe
Lot/Plan
1/LP135865

Last Listing description (November 2023)

LAWD is pleased to present for sale 60 Holstons Road, Driffield (the Property), a highly productive, modern and efficient dairy opportunity located in the renowned Gippsland region of Victoria, one of Australia's key dairy regions.

Comprising 123.86* hectares (306* acres), the Property offers an operationally efficient layout and a proven history as a highly profitable, low input, pasture-based dairying enterprise.

KEY INVESTMENT HIGHLIGHTS INCLUDE:

123.86* hectare dairy operation comprising 8 Certificates of Title.
Strategically located in one of Australia's key dairy regions, renowned for its reliable annual rainfall (863* millimetres), productive fertile soils and excellent climatic conditions, ensuring efficient pasture production and year-round feed supply.
Exceptionally developed farm with 3.28* kilometres of internal laneways servicing 49 paddocks. Each paddock features access to secure water. Concrete troughs are located in all paddocks.
The Property has been renovated with high quality pastures including mixed perennial varieties.
Excellent fit-for-purpose dairy infrastructure including an entirely modernised 30-unit swing over GEA dairy (May 2023), calf shed with Lely automated feeder, 9,100* litre milk vat, 300* cow yard and undercover vet/AI race.
Currently supporting 235* milking cows and young stock.
High quality support infrastructure including a hay shed, two machinery sheds and four silage pits.
A four-bedroom, two-bathroom homestead set within established gardens featuring stunning rural views. Further accommodation includes a weatherboard cottage (two-bedroom).
Conveniently located in proximity to Morwell, Traralgon and Warragul town centres, providing an array of amenities and services.

An Information Memorandum is available upon request.

*approximately

Property History for 60 Holstons Rd, Driffield, VIC 3840

A timeline of how this property has performed in the market
Last Sold
$2,000,000
22 Dec 2023
  • 22 Dec 2023
    Sold for $2,000,000
  • 16 Oct 2023
    Listed for Sale $3,300,000
  • 15 Oct 2020
    Sold for $3,292,682
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About Driffield 3840

The size of Driffield is approximately 52.6 square kilometres. The population of Driffield in 2011 was 277 people. By 2016 the population was 66 showing a population decline of 76.2% in the area during that time. The predominant age group in Driffield is 0-9 years. Households in Driffield are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Driffield work in a managers occupation. In 2011, 78.9% of the homes in Driffield were owner-occupied compared with 75% in 2016..

Driffield has 61 properties. Over the last 5 years, Houses in Driffield have seen a 73.27% increase in median value. As at 30 September 2024:

  • The median value for Houses in Driffield is $1,555,259.
There are currently no properties listed for sale, and no properties listed for rent in Driffield on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Driffield.

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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.