OFF MARKET

298 Metcalfe-Redesdale Road
Metcalfe VIC 3448

Bedrooms: 5
Bathrooms: 2
Car spaces: 5
Land area: 720342m2
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Property Details for 298 Metcalfe-Redesdale Rd, Metcalfe

Building Type
Rural
Land Size
720342m2
Local Government
Mount Alexander
Lot/Plan
6/LP126378

Last Listing description (August 2024)

Lifestyle - Investment - Equine - Cattle - Sheep

"Pennbroke" is perfectly nestled within Central Victoria, offering a serene lifestyle with some of the best views imaginable, situated only 20 minutes Kyneton, 30 minutes Lake Eppalock, 35 minutes Bendigo and 90 minutes Melbourne. Within minutes from "Pennbroke" lays the impressive "Cascades" noted for its rock pools, swimming and boulder formations attracting visitors to the region.

Entering via its sweeping tree lined driveway, you'll be greeted by the well sited brick residence set against a picturesque rural backdrop with established trees, the residence features 5 bedrooms, (main with ensuite) huge family bathroom, living area (wood heater), second living area as an ideal kids retreat, country kitchen and dining area. Solar and mains power feed the property.

Domestic water via 130,000 litres tank supplies.

Functional farming facilities include a 21m x 8m (approx) lock up shed and hayshed, undercover cattle yards with crush and for the horse enthusiast, 2 box stable complex with tack room and an Olympic size outdoor arena.

"Pennbroke" has been meticulously designed for efficient farm management, subdivided into 7 paddocks (electrified fencing) of undulating to rising country taking in spectacular views of the entire district and toward Mt. Alexander.

Water is abundant with 5 dams, bore (99m) solar powered, feeding troughs and gardens.

Experience the tranquillity and functionality of "Pennbroke" firsthand after 26 years same family ownership.

This exceptional property in this highly regarded location invites inspection by appointment only through Andrew Rice or Michael Stewart.

Property History for 298 Metcalfe-Redesdale Rd, Metcalfe, VIC 3448

A timeline of how this property has performed in the market
Last Sold
$273,000
05 Jun 1997
  • 20 Aug 2024
    Listed for Sale Not Disclosed
  • 14 Feb 2024
    Listed for Sale Not Disclosed
  • 05 Jun 1997
    Sold for $273,000
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About Metcalfe 3448

The size of Metcalfe is approximately 67 square kilometres. It has 1 park covering nearly 5.1% of total area. The population of Metcalfe in 2011 was 332 people. By 2016 the population was 186 showing a population decline of 44.0% in the area during that time. The predominant age group in Metcalfe is 60-69 years. Households in Metcalfe are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Metcalfe work in a managers occupation. In 2011, 87.5% of the homes in Metcalfe were owner-occupied compared with 89.9% in 2016..

Metcalfe has 144 properties. Over the last 5 years, Houses in Metcalfe have seen a 115.39% increase in median value. As at 31 October 2024:

  • The median value for Houses in Metcalfe is $995,492 while the median value for Units is $525,058.
There are currently 4 properties listed for sale, and no properties listed for rent in Metcalfe on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Metcalfe.

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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.