707ha / 1748ac 4th generation Central Vic. Mixed farming
This early 1800's 4th Generation selection block is a great opportunity for those looking to put together a sizeable mixed farm with great access to regional facilities. Sealed road access, multiple back road access in a large cropping district for those transporting wide gear, plenty of dams, large paddock sizes and good weed status will appeal to opportunists. While the 70's 4 bedroom brick veneer home needs some finishing off, there is plenty of shedding on the home block which is well centralised to manage the 4 lots. The farm as a whole is well drained and features mostly a decomposed granite loam over red clay subsoil. The picturesque landmark of Mt Korong to the west, Inglewood and Wychitella Reserves plus the nearby Loddon River finds this selection farm in a favourable location.
Inspection is strictly by appointment. The property is for genuine disbursement and will be followed by a clearing sale in April (see below).
The size of Powlett Plains is approximately 118.5 square kilometres. It has 2 parks covering nearly 8.2% of total area. The population of Powlett Plains in 2011 was 1,057 people. By 2016 the population was 29 showing a population decline of 97.3% in the area during that time. The predominant age group in Powlett Plains is 50-59 years. Households in Powlett Plains are primarily childless couples and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Powlett Plains work in a managers occupation. In 2011, 82.8% of the homes in Powlett Plains were owner-occupied compared with 84.6% in 2016..
Powlett Plains has 39 properties. Over the last 5 years, Houses in Powlett Plains have seen a 18.07% increase in median value. As at 30 September 2024:
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