725 White Hill RoadRed Hill VIC 3937
Property Details for 725 White Hill Rd, Red Hill
Last Listing description (November 2019)
Cushman & Wakefield - Agribusiness is pleased to present for sale Watermill Estate, 725 White Hill Road, Red Hill.
Offered as a whole or individually Watermill Estate with its 12 titles over 119.5 hectares is a significant and rare contiguous holding in Red Hill on Victorias Mornington Peninsula.
Watermill Estate presents as a significant property in Red Hill a location synonymous with recreational and lifestyle activities surrounded by some of Victorias most outstanding architecturally designed properties.
Sitting prominently on the second highest point of the Mornington Peninsula, Watermill Estate commands sweeping views of Western Port, Port Phillip Bay and Melbourne. Formerly a Murray Grey cattle stud, this gracious property could be utilised for any number of projects. Set on approximately 119.5* hectares and surrounded by an established garden, this breathtaking offering is unrivalled.
KEY PROPERTY FEATURES
119.5* hectares (295 acres) agricultural holding on Mornington Peninsula's Red Hill
12 titles available as a whole or individually
Favourable climate with annual average rainfall of 860mm
Strategically placed laneways and cattle yards
High-quality architecturally designed 1950s two storey homestead and an additional 3 dwellings
Substantial farm infrastructure including water to all paddocks and reticulated water system to troughs
Located 85* kilometres from the Melbourne CBD via the Eastlink and Peninsula Link freeways
Property History for 725 White Hill Rd, Red Hill, VIC 3937
- 08 Nov 2019Sold for $2,500,000
- 17 May 2019Listed for Sale Not Disclosed
- 09 Feb 1982Sold for $69,750
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0About Red Hill 3937
The size of Red Hill is approximately 23.5 square kilometres. It has 6 parks covering nearly 3.8% of total area. The population of Red Hill in 2011 was 734 people. By 2016 the population was 915 showing a population growth of 24.7% in the area during that time. The predominant age group in Red Hill is 60-69 years. Households in Red Hill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Red Hill work in a professional occupation. In 2011, 82.8% of the homes in Red Hill were owner-occupied compared with 81.7% in 2016.
Red Hill has 626 properties. Over the last 5 years, Houses in Red Hill have seen a 70.87% increase in median value, while Units have seen a 1.19% increase. As at 30 September 2024:
- The median value for Houses in Red Hill is $3,228,772 while the median value for Units is $1,643,774.
- Houses have a median rent of $790.
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