5876 Midland HighwayElaine VIC 3334
Property Details for 5876 Midland Hwy, Elaine
Last Listing description (January 2014)
BALLARAT DISTRICT - MT VIEW - 413 ACRES - 167.3HA (APPROX) - 8 CROWN ALLOTMENTS
Outstanding, versatile, mixed farming property that has been in the one family ownership for 75 years. This choice property is located 20 minutes to Ballarat, 40 minutes to Geelong, 45 minutes to Avalon Airport and 75 minutes to Melbourne CBD. Improvements comprise a very comfortable and well appointed 3 bedroom home, 2 garages/workshop and sundry sheds, a single stand raised board shearing shed and steel yards. It is subdivided into 7 main paddocks and fencing is excellent ( some new). There are 14,000 gallons of domestic water, 5 stock dams and permanent creek springs. The property is presented in pristine condition with all improvements in 1st class condition and is ideal for cropping or grazing.
Very generous vendor finance is available: 50% for 3 years, interest only @ 5%.
Property History for 5876 Midland Hwy, Elaine, VIC 3334
- 14 Nov 2014Sold for $1,025,000
- 23 Mar 2013Listed for Sale 1100000
- 14 Apr 2012Listed for Sale Not Disclosed
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About Elaine 3334
The size of Elaine is approximately 105.7 square kilometres. It has 1 park covering nearly 0.1% of total area. The population of Elaine in 2011 was 328 people. By 2016 the population was 240 showing a population decline of 26.8% in the area during that time. The predominant age group in Elaine is 50-59 years. Households in Elaine are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Elaine work in a labourer occupation. In 2011, 77% of the homes in Elaine were owner-occupied compared with 79.7% in 2016..
Elaine has 182 properties. Over the last 5 years, Houses in Elaine have seen a 77.83% increase in median value, while Units have seen a -48.26% decrease. As at 30 November 2024:
- The median value for Houses in Elaine is $854,002 while the median value for Units is $432,452.
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