OFF MARKET

2/3 Cribbes Hill Road
Elphinstone VIC 3448

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Property Details for 2/3 Cribbes Hill Rd, Elphinstone

Building Type
Commercial
Local Government
Mount Alexander

Last Listing description (June 2024)

With a wonderful balance of fertile creek flats to slightly rising country with panoramic south-west vistas to Elphinstone & beyond, you'll be excited about the numerous options available to you with this property.

At 210* acres & 3 titles, you may wish to add scale to your existing agricultural portfolio, consider applying for a rural residential building permit, or perhaps complete the preliminary sub-division work that has been done to create 2 x 105* acre rural living blocks (STCA). Preliminary sub-division work includes a Planning Application report,
Land Capability Assessment and Farm Management Plan for the property.

Lot 1 LP204602 and Lot 2 LP204602 has road access from Cribbes Hill Road, Allotment 3 SECTION 7\PP2611 is accessed via Pollards Road.

Essentially a blank canvas, paddocks have good fences and gates in place and water for livestock is by way of three (3) spring and winter creek fed dams across the property, one in each paddock.

The property is zoned 'Farming' (FZ) and has a fertile blend of creek flats to the west and rising granite country to the northeast. Annual rainfall for the area is typically in the range of 687mm*.

Although the property has been primarily used for fattening Angus cattle, the region is also known for quality vineyard, wine, equine and horticultural activity.

The property sits within the Mount Alexandra Shire in the popular Castlemaine region, north of Melbourne via the dual lane Calder Freeway. Major amenity including public and private schools, shopping and medical facilities are located at both Bendigo and Kyneton. Regular rail transport from Kyneton Railway station to and from Melbourne and Bendigo is an added benefit to those looking to build a permanent residence on the land (STCA).

Castlemaine - 16km*, 18 minutes*
Kyneton - 27km*, 19 minutes*
Bendigo - 42km*, 35 minutes*
Melbourne Airport - 96km*, 67 minutes*
Melbourne CBD - 117km*, 90 minutes*

*Source: Google Maps

For further information and to arrange a private inspection please contact Jason Hellyer, Ray White Rural Victoria on 0403 043 571 or Tamara MacTier, Ray White Kyneton on 0429 136 635.

#Farm #Farming #Cattle #Sheep #Livestock #Horse #Horses #Pony #Ponies #CountryLifestyle #FarmLifestyle #Retreat #Bendigo #Kyneton #Castlemaine #RegionalVictoria

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Property History for 2/3 Cribbes Hill Rd, Elphinstone, VIC 3448

A timeline of how this property has performed in the market
  • 30 Apr 2024
    Listed for Sale Private Sale $1,500,000
  • 19 Oct 2023
    Listed for Sale Online Auction

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About Elphinstone 3448

The size of Elphinstone is approximately 84 square kilometres. It has 2 parks covering nearly 5.8% of total area. The population of Elphinstone in 2011 was 669 people. By 2016 the population was 551 showing a population decline of 17.6% in the area during that time. The predominant age group in Elphinstone is 50-59 years. Households in Elphinstone are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Elphinstone work in a professional occupation. In 2011, 91.2% of the homes in Elphinstone were owner-occupied compared with 86.9% in 2016.

Elphinstone has 445 properties. Over the last 5 years, Houses in Elphinstone have seen a 28.48% increase in median value, while Units have seen a 32.14% increase. As at 31 October 2024:

  • The median value for Houses in Elphinstone is $778,131 while the median value for Units is $622,585.
There are currently 3 properties listed for sale, and no properties listed for rent in Elphinstone on OnTheHouse. According to CoreLogic's data, 17 properties were sold in the past 12 months in Elphinstone.

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