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Sold on 04 Sep 2024 for $875,000

421 Goornong-Fosterville Road
Goornong VIC 3557

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Land area: 81.12ac
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Property Details for 421 Goornong-Fosterville Rd, Goornong

421 Goornong-Fosterville Rd, Goornong is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 81.12ac. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom House sold in Goornong in the last 12 months.

Building Type
House
Land Size
81.12ac
Local Government
Greater Bendigo
Lot/Plan
1/LP143485

Last Listing description (September 2024)

Here is a fantastic opportunity to secure an incredibly versatile farm. Highly suited to all manner of intensive horticultural, agricultural, livestock, equine purposes, and lifestyle enterprises.

Predominantly red, sandy loam soils, 3 phase power and there are three road frontages to the property, two of which are sealed.

Transferring with the property is a 20 megalitre ground water licence from Goulburn-Murray Water. There is capacity for up to 2 megs of water per day, to be pumped from two bores into the very large and scenic (approximately 4 megalitre) dam. Water can then be pumped to multiple irrigation points across the property.

The charming brick cottage has been restored and modernised. It offers two bedrooms, a formal lounge, and open plan kitchen and dining. It is surrounded by established garden, lawn, and orchard.

You may wish to extend and grow the existing home to your requirements and preferences subject to council approval. Or you may choose to live in the cottage while you plan and build a new home on your preferred area of the property (STCA). The cottage could then be used as a manager's office.

The existing versatile shedding includes a 24m x 17m shed, a 7m x 3m shed, and a 6m x 3m storage shed. There is plenty of scope for you to add further built improvements, suited to your favoured farming pursuits.

This is a prime location on the Epsom-Barnadown Road ("Sandy Creek Road"), with great exposure to passing traffic. It is approximately 20mins to central Bendigo, 40mins to Echuca, and 1.5hrs to Melbourne.

A copy of the Due Diligence checklist can be found at https://www.consumer.vic.gov.au/duediligencechecklist

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Property History for 421 Goornong-Fosterville Rd, Goornong, VIC 3557

A timeline of how this property has performed in the market
Last Sold
$875,000
04 Sep 2024
  • 04 Sep 2024
    Sold for $875,000
  • 04 Jun 2024
    Listed for Sale $875,000 - $900,000
  • 10 Nov 2023
    Listed for Sale Not Disclosed
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About Goornong 3557

The size of Goornong is approximately 122.7 square kilometres. It has 1 park covering nearly 9% of total area. The population of Goornong in 2011 was 610 people. By 2016 the population was 671 showing a population growth of 10.0% in the area during that time. The predominant age group in Goornong is 10-19 years. Households in Goornong are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Goornong work in a managers occupation. In 2011, 88.4% of the homes in Goornong were owner-occupied compared with 86.4% in 2016.

Goornong has 444 properties. Over the last 5 years, Houses in Goornong have seen a 67.76% increase in median value, while Units have seen a 229.55% increase. As at 31 October 2024:

  • The median value for Houses in Goornong is $591,417 while the median value for Units is $492,662.
There are currently 5 properties listed for sale, and no properties listed for rent in Goornong on OnTheHouse. According to CoreLogic's data, 11 properties were sold in the past 12 months in Goornong.

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Patrick Skahill
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