OFF MARKET

450 Deans Marsh-Lorne Road
Pennyroyal VIC 3235

Bedrooms: 4
Bathrooms: 2
Car spaces: 4
Floor area: 246m2
Land area: 403456m2
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Property Details for 450 Deans Marsh-Lorne Rd, Pennyroyal

Building Type
Rural
Year Built
1920
Floor Size
246m2
Land Size
403456m2
Local Government
Surf Coast
Lot/Plan
1/TP857821

Last Listing description (February 2014)

CREATE A LIFESTYLE
Secluded 100 acre property (60 acres natural forest and 40 acres cleared), with two dwellings, nestled 15 minutes inland of Lorne.
Stunning expansive views over the Otways are unique and will command your attention. 360 degree in range and shared with no others!

The 'White House' comprises 4 bedrooms, 3 living areas and two bathrooms. It oozes character and importantly, captures a view from every room. A charming verandah under cover to the north and a massive deck to the south provide outdoor entertainment choices. Recently renovated and tastefully presented.
A second 3 bedroom, 1 bathroom house is located on the property. A brilliant option if friends/family are seeking their own space or to allow joint ownership with ease.
Two large, newly fenced paddocks ideal for those with a passion for horses.
There is an Olive Grove (10 years old) and Apple Orchard (4 years old) on the property, the orchard is fully reticulated by a large dam.
Current owner has a planning permit to develop a Cidery.
This property is one not to be missed offering an opportunity in the Great Ocean Road hinterland like no other.
Additional feature/s - balcony/patio/terrace.

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Property History for 450 Deans Marsh-Lorne Rd, Pennyroyal, VIC 3235

A timeline of how this property has performed in the market
Last Sold
$1,010,000
11 Feb 2014
  • 11 Feb 2014
    Sold for $1,010,000
  • 18 Oct 2012
    Listed for Sale 1050000
  • 12 Oct 2007
    Sold for $1,022,000

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About Pennyroyal 3235

The size of Pennyroyal is approximately 30.1 square kilometres. It has 2 parks covering nearly 55.7% of total area. The population of Pennyroyal in 2011 was 372 people. By 2016 the population was 70 showing a population decline of 81.2% in the area during that time. The predominant age group in Pennyroyal is 50-59 years. Households in Pennyroyal are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Pennyroyal work in a managers occupation. In 2011, 82.3% of the homes in Pennyroyal were owner-occupied compared with 72.8% in 2016..

Pennyroyal has 96 properties. Over the last 5 years, Houses in Pennyroyal have seen a 145.42% increase in median value, while Units have seen a 29.34% increase. As at 31 October 2024:

  • The median value for Houses in Pennyroyal is $3,035,518 while the median value for Units is $809,580.
There are currently 1 property listed for sale, and no properties listed for rent in Pennyroyal on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Pennyroyal.

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