OFF MARKET

6/1 Inglewood-Rheola Road
Rheola VIC 3517

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4047m2
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Property Details for 6/1 Inglewood-Rheola Rd, Rheola

Building Type
Commercial
Land Size
4047m2
Local Government
Loddon

Last Listing description (December 2023)

15 acres in the bush, hidden from view, only 600m from the sealed road and backing onto Kingower State Forest - an ideal spot to escape to the country and have fun. This is one of 3 separate blocks for sale (see the individual listings), ranging in size from 6, 10 and 15 acres, all next to each other.

The land has a dam, is relatively level and cleared, with some mature gums and the Paper Gully seasonal creek passing through it, with Crown land on the northern boundary.

The land is in the Farming Zone, so not suitable for building a residence, but ideal for casual weekend use.

Rheola started as a gold mining town in the 1860s but is now a quiet backwater, 10 minutes to Inglewood for the basics, 45 minutes from Bendigo, and 2.5 hours to Melbourne. Access is via Pipeclay Road which is an unmade track through the bush.

Property History for 6/1 Inglewood-Rheola Rd, Rheola, VIC 3517

A timeline of how this property has performed in the market
  • 21 Aug 2023
    Listed for Sale Not Disclosed

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About Rheola 3517

The size of Rheola is approximately 34.8 square kilometres. It has 2 parks covering nearly 3.5% of total area. The population of Rheola in 2011 was 317 people. By 2016 the population was 35 showing a population decline of 89.0% in the area during that time. The predominant age group in Rheola is 0-9 years. Households in Rheola are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Rheola work in a managers occupation. In 2011, 80.5% of the homes in Rheola were owner-occupied compared with 108.7% in 2016..

Rheola has 64 properties. Over the last 5 years, Houses in Rheola have seen a 12.59% increase in median value. As at 30 November 2024:

  • The median value for Houses in Rheola is $408,726.
There are currently 4 properties listed for sale, and no properties listed for rent in Rheola on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Rheola.

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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.