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Sold on 15 Sep 2023 for $1,000,000

386 Kinglake-Glenburn Road
Kinglake VIC 3763

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Land area: 121184m2
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Property Details for 386 Kinglake-Glenburn Rd, Kinglake

386 Kinglake-Glenburn Rd, Kinglake is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 121184m2. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 3 bedroom House sold in Kinglake in the last 12 months.

Building Type
House
Land Size
121184m2
Local Government
Murrindindi
Lot/Plan
1/TP321005

Last Listing description (September 2023)

- 30 acres with approved house site
- Existing 3 bedroom renovated cottage
- Plans and permits for new dwelling

- Spring-fed dam with water rights
- Breathtaking views

How many properties have an unfettered, 50 kilometre outlook which take in the Yea Highlands? How often does your dream acreage parcel come with a renovated 3 bedroom, 1 bathroom cottage to live in while you finalise building plans for an approved house site?

Combining the aspirations for a modern dwelling, with the rustic charm of farm living, this property packs immense value. In addition, the creek-fed dam enjoys 12.3 mega litres of surface diversion water rights, a huge asset when water rights are not readily available. Power is run to the dam for the purposes of pumping and irrigation. The farm is divided into 2 large paddocks and makes use of 2 dirt-based sheds with power and 1 concrete-based shed with power for storage needs. The property is also fully fenced, enjoying dual access to McMahons and Kinglake-Glenburn Roads.

Being one of the area's historic subdivision, this tightly held parcel is an opportunity not to be missed. Make a move to farm living today.

Property History for 386 Kinglake-Glenburn Rd, Kinglake, VIC 3763

A timeline of how this property has performed in the market
Last Sold
$1,000,000
15 Sep 2023
  • 15 Sep 2023
    Sold for $1,000,000
  • 21 Apr 2023
    Listed for Sale $1,050,000-$1,150,000
  • 22 Jan 2020
    Sold for $650,000
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About Kinglake 3763

The size of Kinglake is approximately 112.8 square kilometres. It has 8 parks covering nearly 79.3% of total area. The population of Kinglake in 2011 was 1,346 people. By 2016 the population was 1,516 showing a population growth of 12.6% in the area during that time. The predominant age group in Kinglake is 40-49 years. Households in Kinglake are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kinglake work in a trades occupation. In 2011, 90% of the homes in Kinglake were owner-occupied compared with 86.4% in 2016.

Kinglake has 966 properties. Over the last 5 years, Houses in Kinglake have seen a 40.88% increase in median value. As at 31 July 2024:

  • The median value for Houses in Kinglake is $792,975 while the median value for Units is $792,333.
  • Houses have a median rent of $395.
There are currently 14 properties listed for sale, and 1 property listed for rent in Kinglake on OnTheHouse. According to CoreLogic's data, 41 properties were sold in the past 12 months in Kinglake.

Suburb Insights for Kinglake 3763

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William Verhagen
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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.