SOLD
Sold on 28 Oct 2023 for $995,200

233 Loch Poowong Road
Loch VIC 3945

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 402800m2
Sold By
Don Olden
Elders Real Estate Korumburra/Leongatha
Katrina Griggs
Elders Real Estate Korumburra/Leongatha
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Property Details for 233 Loch Poowong Rd, Loch

Building Type
Commercial
Land Size
402800m2
Local Government
South Gippsland
Lot/Plan
2/TP243610

Last Listing description (January 2024)

We are delighted to present an opportunity to purchase a lifestyle grazing property in the highly sought-after district of Loch. This quality farmland offers immense potential for various agricultural pursuits such as fattening/breeding of cattle or sheep, a dairy turnout or even horses. In addition, there is an option to acquire approximately 40 additional hectares adjoining the property. With its enviable Bass River frontage and convenient proximity to the trendy Loch Village, a mere 3km away, this opportunity is truly one not to be missed.

The key features of this property include:
? 40ha min. requirement for a planning permit to build in a rural zone

? Impeccable balance of sheltered creek flats, undulating terrain, and hillier landscapes, providing diverse grazing options
? Superb water supply from five dams, including two sizable ones, as well as direct access to the Bass River and a reliable annual rainfall of approximately 40 inches
? Scenic native treed plantations enhancing the natural beauty of the land
? Multiple potential home sites (subject to council approval), offering panoramic views of the picturesque Loch valley and township
? Equipped with two stand shearing facilities, ensuring efficient wool production
? Convenient undercover cattle yards and sheep yards for streamlined livestock management
? Well-fenced into eight paddocks, optimizing rotational grazing practices
? Comprised of three titles, allowing flexibility for future development or subdivision
? Located within close proximity to Loch (3 minutes), Poowong (6 minutes), and the Melbourne CBD (approximately 1 ? hours)

The adjoining 40-hectare parcel of land situated at 281 Loch-Poowong Rd is also available for sale, offering additional opportunities for expansion or investment. Properties of this nature in such a high demand area, rarely come onto the market. Contact Katrina Griggs on 0428 571 083 or Don Olden on 0417 805 312 for more information or to arrange an inspection of this property.

For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist

Property History for 233 Loch Poowong Rd, Loch, VIC 3945

A timeline of how this property has performed in the market
Last Sold
$995,200
28 Oct 2023
  • 28 Oct 2023
    Sold for $995,200
  • 08 Jun 2023
    Listed for Sale $1.15 Million
  • 02 Oct 2013
    Sold for $345,000
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About Loch 3945

The size of Loch is approximately 75.5 square kilometres. The population of Loch in 2011 was 967 people. By 2016 the population was 636 showing a population decline of 34.2% in the area during that time. The predominant age group in Loch is 50-59 years. Households in Loch are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Loch work in a managers occupation. In 2011, 83% of the homes in Loch were owner-occupied compared with 84.7% in 2016.

Loch has 413 properties. Over the last 5 years, Houses in Loch have seen a 87.60% increase in median value. As at 31 July 2024:

  • The median value for Houses in Loch is $771,709 while the median value for Units is $372,540.
There are currently 6 properties listed for sale, and no properties listed for rent in Loch on OnTheHouse. According to CoreLogic's data, 17 properties were sold in the past 12 months in Loch.

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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.