50 Farmers RoadGlengarry VIC 3854
Property Details for 50 Farmers Rd, Glengarry
Last Listing description (February 2024)
Penrose Homestead presents a unique opportunity to own a prestigious property with a rich history. Established in 1914, this expansive estate spans an impressive 163 acres and boasts captivating Latrobe River frontage.
Main Features
- 163 Acres on 2 Titles (approx.)
- Second home 3 Bed, 1 bath, 2 car
- 16 Paddocks
- 50% River flats & 50% Top land
- Town water connected
- 99 Mg Latrobe River water licence
- Multiple Dams
- Assorted Shedding
- To be sold as a whole
The centerpiece of Penrose Homestead is the original Edwardian brick main house, built in 1914. This remarkable residence boasts timeless charm and features three spacious bedrooms, a drawing room, lounge room with fireplace, and an open plan kitchen with a cozy dining area. The interior exudes elegance, characterized by pressed metal ceilings, a wide hallway, and a captivating sense of history. Additionally, the main house offers a large undercover entertainment area and a double garage, ensuring an ideal blend of indoor and outdoor living spaces.
Complementing the main house is a second dwelling. This three-bedroom home showcases a functional kitchen with an open plan dining and lounge area. This residence also includes a bathroom, a double garage, and a carport. Complete with a fireplace and a split system for year-round comfort, Importantly, this home is currently tenanted, presenting an appealing opportunity for additional income or flexible living arrangements.
Penrose Homestead represents a rare opportunity to acquire a substantial grazing property with two homes. Whether you envision an idyllic rural retreat, an agricultural venture, or an investment opportunity, this remarkable estate offers limitless potential.
Don't miss your chance to experience the best of Traralgon's outskirts on this remarkable 163 acre property, contact Kevin on 0419 917 510 for more information or to arrange an inspection
* Acreage is approximate only
* Boundary lines on images are indicative only
Property History for 50 Farmers Rd, Glengarry, VIC 3854
- 01 Sep 2023Sold for $600,000
- 11 Jul 2023Listed for Sale Contact Agent
- 02 May 2018Listed for Rent $270 / week
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About Glengarry 3854
The size of Glengarry is approximately 97.9 square kilometres. The population of Glengarry in 2011 was 1,360 people. By 2016 the population was 1,075 showing a population decline of 21.0% in the area during that time. The predominant age group in Glengarry is 50-59 years. Households in Glengarry are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glengarry work in a trades occupation. In 2011, 88.5% of the homes in Glengarry were owner-occupied compared with 87.2% in 2016.
Glengarry has 664 properties. Over the last 5 years, Houses in Glengarry have seen a 98.90% increase in median value, while Units have seen a 81.70% increase. As at 31 July 2024:
- The median value for Houses in Glengarry is $705,782 while the median value for Units is $385,883.
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