Property Details for Lot Ca/18 Shanty Lane, Learmonth
Last Listing description (July 2018)
Great location and generous vendors terms available with a small deposit and great interest rates available on this small farming parcel. Approximately 25 acres plus of rich dark volcanic loam soil allows for huge production capacity. Sweeping views of Lake Learmonth and surrounds with the land butting right up to the lake, it will provide the purchaser with a fantastic working environment all year round. A golden opportunity for the small producer to get into the market or existing farmers wishing to acquire more land. With the option of a 99 year lease in place over Shanty Lane running adjacent to the block provides the purchaser with alternative income arrangements. Leased year on year.
Property History for Lot Ca/18 Shanty Lane, Learmonth, VIC 3352
- 01 Jun 2015Listed for Sale $295,000
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About Learmonth 3352
The size of Learmonth is approximately 38.6 square kilometres. The population of Learmonth in 2011 was 301 people. By 2016 the population was 436 showing a population growth of 44.9% in the area during that time. The predominant age group in Learmonth is 60-69 years. Households in Learmonth are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Learmonth work in a trades occupation. In 2011, 74.6% of the homes in Learmonth were owner-occupied compared with 78.8% in 2016.
Learmonth has 268 properties. Over the last 5 years, Houses in Learmonth have seen a 68.71% increase in median value. As at 31 October 2024:
- The median value for Houses in Learmonth is $581,297 while the median value for Units is $231,756.
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