Live within 5 minutes away from the bustling hub of Pakenham, an ideal property for any racehorse trainer or equestrian with a perfect land banking opportunity within the South East Melbourne Region.
Your superbly positioned rural lifestyle property is on approximately 43 acres (17.07 hectares) of land within the Green wedge zone with a partly renovated 3 bedroom home surrounded by established gardens. Newly renovated stand-alone office and bungalow are also included on the property. The property is currently set up as a successful equine training and breeding facility. Very close to Nar Nar Goon township and train station with easy access to racetracks within the area of Pakenham, Cranbourne and Sandown and 15 minutes away from Victorias newest state of the art thoroughbred racetrack at Tynong. Close to many amenities of Pakenham and 20 minutes from the major shopping complex in Fountain Gate.
The size of Nar Nar Goon is approximately 51.9 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Nar Nar Goon in 2011 was 1,012 people. By 2016 the population was 1,007 showing a population decline of 0.5% in the area during that time. The predominant age group in Nar Nar Goon is 50-59 years. Households in Nar Nar Goon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nar Nar Goon work in a trades occupation. In 2011, 80.7% of the homes in Nar Nar Goon were owner-occupied compared with 73.4% in 2016.
Nar Nar Goon has 741 properties. Over the last 5 years, Houses in Nar Nar Goon have seen a 42.56% increase in median value, while Units have seen a 26.42% increase. As at 31 October 2024:
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