OFF MARKET

340 Fourteen Mile Road
Garfield VIC 3814

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 147m2
Land area: 186284m2
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Property Details for 340 Fourteen Mile Rd, Garfield

Building Type
Land
Year Built
1900
Floor Size
147m2
Land Size
186284m2
Local Government
Cardinia
Lot/Plan
4/PS603807

Last Listing description (May 2023)

A 50-acre world class horse facility thats only 8 minutes from the esteemed Pakenham Racing Complex in Tynong offers racing enthusiasts a ready-made horse racing property for training, breeding and agistment. This unique Garfield horsing enterprise builds on Melbournes reputation as the racing capital of the world, with a dedicated horsing base for the breeding, training, racing, equestrian showing and agistment of thoroughbred horses amid the lush green countryside of Gippsland.

A lucrative equestrian business has been built up at this fully-fledged horse racing establishment a 50-acre prime parcel with its own home and potential for two titles where Dean Grass Racing and Gippsland Bloodstock have established reputations for training, thoroughbred breeding, and agistment at this lush equine sanctuary.

Champion horses at Magic Millions and Inglis have both achieved success from these first class horse facilities, paving the way forward for future horse champions.

The farm features a large, enclosed sand roll, 60 x 35 m horse training arena with jumps, 17 spacious stables with rubber floors including double size stables for post-surgery recovery, mare and foals, and 3 covered day yards for horses that stress indoors.

The impressive infrastructure for horses also extends to 4 flood lit mare and foaling paddocks with a renewed equine pasture, new LED lighting throughout the stables, 2 hay/machinery sheds, an undercover feed room, undercover truck parking, bore water and undercover tie up stalls with lockable tack room and an oversized wash bay with hot water. Safety is assured with over 26 spelling paddocks all double fenced in post and rail, horse mesh, and electrobraid. The soil here is peat, with pastures maintained and sprayed yearly, grazed with cattle and some paddocks recently over-sewn with an equine blend.

Rich in character, the propertys double brick 4-bedroom home charms with high ceilings, an original fireplace, and a renovated bathroom with double shower yours to modernise.

New timber entrance gates with remote control as well as a double carport and portable office with power add yet more appeal at this exclusive equestrian mainstay for horse breeders, horse trainers, farmers, investors or land bankers.

The quiet historic town of Garfield offers its own village of shops and eateries along its main road, as well as a primary school, golf course, football and netball league, an art decor picture theatre turned live entertainment venue, and a stunning lookout at Mount Cannibal where you can enjoy sweeping views of Gippsland's rolling hills.

Property History for 340 Fourteen Mile Rd, Garfield, VIC 3814

A timeline of how this property has performed in the market
Last Sold
$2,030,000
14 Oct 2022
  • 01 Nov 2022
    Listed for Sale Contact Agent
  • 14 Oct 2022
    Sold for $2,030,000
  • 24 Jun 2004
    Sold for $425,000

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About Garfield 3814

The size of Garfield is approximately 26.4 square kilometres. The population of Garfield in 2011 was 1,466 people. By 2016 the population was 1,792 showing a population growth of 22.2% in the area during that time. The predominant age group in Garfield is 50-59 years. Households in Garfield are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Garfield work in a trades occupation. In 2011, 81.2% of the homes in Garfield were owner-occupied compared with 84.2% in 2016.

Garfield has 1,061 properties. Over the last 5 years, Houses in Garfield have seen a 46.38% increase in median value, while Units have seen a 19.77% increase. As at 30 September 2024:

  • The median value for Houses in Garfield is $796,347 while the median value for Units is $524,563.
  • Houses have a median rent of $498.
There are currently 15 properties listed for sale, and no properties listed for rent in Garfield on OnTheHouse. According to CoreLogic's data, 41 properties were sold in the past 12 months in Garfield.

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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.