OFF MARKET

705 Labuan Road
Marungi VIC 3634

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Land area: 30351m2
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Property Details for 705 Labuan Rd, Marungi

Building Type
Rural
Land Size
30351m2
Local Government
Greater Shepparton
Lot/Plan
2/LP80022

Last Listing description (September 2024)

Located minutes from Katandra West township and only 20 minutes to Shepparton, is this lovely 7.5-acre lifestyle property. Brand new plain wire fencing throughout into approximately 6 smaller paddocks ideal for the horse or a calf or two.
Magnificent shedding with machinery shed, hay shed plus large shed with concrete walls just waiting for stables or parking the truck, caravan or boat, the property also has a great set of steel cattle yards with truck + trailer loading.
The brick home has three good-sized bedrooms, a main bathroom, and laundry, a renovated kitchen/dining area with a dishwasher, and a brand-new electric stove. A separate lounge area with a split system, and gas heating. Carport/pergola and bungalow, great for the older kids. Sealed road frontage plus 1meg of stock and domestic water.

This property has many features with many options and will impress most lifestyle buyers looking for out of town living but still close enough to enjoy the benefits of both.

705 Labuan Road, Katandra West
$580,000 - $620,000
Paul Durden - 0409 563 671

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Property History for 705 Labuan Rd, Marungi, VIC 3634

A timeline of how this property has performed in the market
Last Sold
$600,000
04 May 2017
  • 19 Sep 2024
    Listed for Sale Not Disclosed
  • 14 Nov 2022
    Listed for Sale $600,000 - $660,000
  • 04 May 2017
    Sold for $600,000
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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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