OFF MARKET

1520 Labuan Road
Marungi VIC 3634

Bedrooms: 8
Bathrooms: 2
Car spaces: 12
Land area: 489166m2
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Property Details for 1520 Labuan Rd, Marungi

Building Type
Land
Land Size
489166m2
Local Government
Moira
Lot/Plan
4A~C/PP2560

Last Listing description (September 2020)

Superbly located & positioned property in North Eastern Victoria only 25 minutes to Shepparton and Cobram and 2.5hrs to Melbourne, boasting three separate titles with excellent three road frontages. Two of the three titles are being offered for sale for the first time in over two decades. This property features two residence and dairies, multiple shedding and so much more. Entry in to the main part of this 324.19ac(approx) property is via a main bitumen road delivering direct access for trucks, milk tankers and to a four bedroom, one bathroom residence featuring gas heating, air conditioning and single car garage. This main farm features a 20 aside swing over herringbone dairy with undercover AI crush and race, 9100L milk vat, feed pad, grain silos, feeding system, haysheds, calf rearing shed and machinery shed.

The second residence has its own entrance via quiet side road and features four bedrooms, one bathroom. Shedding is also well catered for and features 9 aside double up herringbone dairy with grain silo, feeding system, steel haysheds, calf rearing shed cattle crush and race, 2x stables workshop and machinery shed. The superbly laid out irrigation system on all three titles with gravelled laneways, the pastures are sown to clover and rye with the block opposite to the main farm sown for silages. The property is fenced into approx 40 paddocks with full electric fencing and laneway system with water feeding to all troughs through a stock and domestic supply. Another notable feature of this picturesque property is that two of titles hold diversion pumping licences with all three titles holding their own delivery shares.


Impressive property, premier location, outstanding opportunity as these three titles are being sold altogether in one lot, an inspection is highly recommended.

Property History for 1520 Labuan Rd, Marungi, VIC 3634

A timeline of how this property has performed in the market
  • 04 Sep 2019
    Listed for Sale $1,400,000

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About Marungi 3634

The size of Marungi is approximately 28.2 square kilometres. The population of Marungi in 2011 was 534 people. By 2016 the population was 91 showing a population decline of 83.0% in the area during that time. The predominant age group in Marungi is 50-59 years. Households in Marungi are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Marungi work in a managers occupation. In 2011, 84.7% of the homes in Marungi were owner-occupied compared with 77.3% in 2016..

Marungi has 81 properties. Over the last 5 years, Houses in Marungi have seen a 26.95% increase in median value, while Units have seen a 320.22% increase. As at 30 September 2024:

  • The median value for Houses in Marungi is $417,340 while the median value for Units is $708,639.
There are currently no properties listed for sale, and no properties listed for rent in Marungi on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Marungi.

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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.