SOLD
Sold on 06 Mar 2024 for $1,670,000

224 Lower Settlement Road
Pearsondale VIC 3851

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 607029m2
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Sold By
Paul Bourke
GIPPSLAND REAL ESTATE
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Property Details for 224 Lower Settlement Rd, Pearsondale

Building Type
Rural
Land Size
607029m2
Local Government
Wellington
Lot/Plan
2/LP123223

Last Listing description (March 2024)

This 150 acre irrigation farm is situated along the tightly held Latrobe river and only a ten minute drive to the township of Sale.
Currently used as a cattle backgrounding and fattening operation the property would lend itself to lucerne growing and fodder production. The property has an excellent fertiliser history.
The majority of the property has been laser graded and sown to permanent pasture.

Irrigation water is pumped from the Latrobe river and 98 megalitres of Latrobe river water rights are attached to the property.
Reticulated water to troughs in each paddock provides water for livestock. The fencing is in excellent condition.
A feature of the property is the steel cattle yards with a Te Pari air operated auto crush.
The yards are concreted with a roof over the main working area.
A comfortable three bedroom brick veneer home is set in an established garden setting with lovely north facing views.
Agent Paul Bourke believes this hidden gem requires inspection, particularly in a year where feed and fodder will be at a premium as El Nino looms.

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Property History for 224 Lower Settlement Rd, Pearsondale, VIC 3851

A timeline of how this property has performed in the market
Last Sold
$1,670,000
06 Mar 2024
  • 06 Mar 2024
    Sold for $1,670,000
  • 16 Jun 2023
    Listed for Sale Not Disclosed
  • 27 Jun 2022
    Listed for Sale Expressions of interest - closing 31/07/2022
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About Pearsondale 3851

The size of Pearsondale is approximately 25.7 square kilometres. It has 1 park. The population of Pearsondale in 2011 was 340 people. By 2016 the population was 129 showing a population decline of 62.1% in the area during that time. The predominant age group in Pearsondale is 40-49 years. Households in Pearsondale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pearsondale work in a managers occupation. In 2011, 80.2% of the homes in Pearsondale were owner-occupied compared with 70.2% in 2016..

Pearsondale has 54 properties. Over the last 5 years, Houses in Pearsondale have seen a 57.84% increase in median value. As at 30 September 2024:

  • The median value for Houses in Pearsondale is $971,554 while the median value for Units is $440,220.
There are currently no properties listed for sale, and no properties listed for rent in Pearsondale on OnTheHouse. According to CoreLogic's data, 1 property were sold in the past 12 months in Pearsondale.

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