OFF MARKET

22 Paringa Road
Red Hill South VIC 3937

Bedrooms: 8
Bathrooms: 2
Car spaces: 4
Floor area: 200m2
Land area: 74058m2
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Last updated 11 Nov 2024
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Property Details for 22 Paringa Rd, Red Hill South

22 Paringa Rd, Red Hill South is a 8 bedroom, 2 bathroom House with 4 parking spaces and was built in 1975. The property has a land size of 74058m2 and floor size of 200m2. While the property is not currently for sale or for rent, it was last sold in October 2006.

Building Type
House
Year Built
1975
Floor Size
200m2
Land Size
74058m2
Local Government
Mornington Peninsula
Lot/Plan
1/TP873119

Last Listing description (November 2024)

Encompassing just over 18 acres of prime farmland, this exceptional property on sought-after Paringa Road delivers an extraordinary rural lifestyle in the heart of the Mornington Peninsula. Surrounded by the region's finest wineries and epicurean experiences, its commanding northern aspect provides ever-changing views over Westernport Bay and across the verdant valley, offering two distinct homes on a single titlea feature that is no longer replicableand a country escape rich in agricultural and permaculture potential.Framed by the sweeping bay views, a c1930 three-bedroom timber homeone of the area's earliestaccompanies a spacious five-bedroom c1970 limestone residence, both serving as a strong base for future transformation (STCA), each positioned to capture the surrounding landscape. East Creek meanders through the bushland at the property's edge, while two tranquil dams are seamlessly integrated into the landscape, enhancing its natural beauty and functionality. For those seeking an all-encompassing rural lifestyle, the property is equipped with expansive coolrooms, robust infrastructure, and a dam-fed pump system, ensuring effortless management of the land's abundant resources.Within minutes of Point Leo Beach, Red Hill and Flinders villages, Dromana's foreshore, and the freeway to Melbourne, this property offers an impressive opportunity to make the most of the Mornington Peninsula's coveted lifestyle. Whether as a permanent residence, an agricultural venture, or a visionary investment, this substantial landholding presents a rare chance to create something truly remarkable in one of Victoria's most sought-after rural enclaves.

Property History for 22 Paringa Rd, Red Hill South, VIC 3937

A timeline of how this property has performed in the market
Last Sold
$1,500,000
04 Oct 2006
  • 23 Oct 2024
    Listed for Sale Private Sale | $4,500,000 - $4,950,000
  • 04 Oct 2006
    Sold for $1,500,000
  • 12 Sep 2006
    Transferred
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About Red Hill South 3937

The size of Red Hill South is approximately 15.2 square kilometres. It has 5 parks covering nearly 1.8% of total area. The population of Red Hill South in 2011 was 1,171 people. By 2016 the population was 614 showing a population decline of 47.6% in the area during that time. The predominant age group in Red Hill South is 50-59 years. Households in Red Hill South are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Red Hill South work in a professional occupation. In 2011, 84.1% of the homes in Red Hill South were owner-occupied compared with 91.5% in 2016.

Red Hill South has 457 properties. Over the last 5 years, Houses in Red Hill South have seen a 40.77% increase in median value, while Units have seen a 182.74% increase. As at 31 October 2024:

  • The median value for Houses in Red Hill South is $1,894,682 while the median value for Units is $1,933,949.
  • Houses have a median rent of $672.
There are currently 1 property listed for sale, and 1 property listed for rent in Red hill south on OnTheHouse. According to CoreLogic's data, 15 properties were sold in the past 12 months in Red hill south.

Suburb Insights for Red Hill South 3937

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.