17 Korrong LaneRyanston VIC 3992
Property Details for 17 Korrong Lane, Ryanston
Last Listing description (November 2024)
Embrace a bucolic lifestyle with this expansive 102-acre canvas, poised for both agricultural pursuits and serene living amidst the picturesque rolling hills of Victoria's celebrated countryside. This exceptional parcel of land, currently gracing the market, offers the discerning buyer a remarkable opportunity to cultivate a dream rural retreat or a fully-fledged farming enterprise.
This is an idyllic setting for those with a passion for the land, boasting 17 paddocks, each benefiting from the natural irrigation of 9 substantial dams, ensuring a heavy carrying capacity for livestock. The land is embraced by protective tree line shelter belts comprising over 20,000 trees, providing not only aesthetic appeal but also essential shelter for grazing animals.
Strategically placed, a wide central laneway permits easy access across the property, enhancing the efficiency of farm management. As an undulating property, it is perfectly suited for rearing livestock, capitalizing on the fertile soil that characterises the region. Furthermore, a previous permit from 2020 granted (now expired) the opportunity to build your ideal house, allowing you to craft bespoke living quarters that fully capitalize on the tranquil views of Western Port Bay.
Currently leased until the end of November, this land offers immediate return potential, with the option to continue the existing arrangement or to take personal charge of this fertile expanse. Whether you seek to develop a lifestyle property or to expand your farming portfolio, this land promises a future as rich and verdant as the pastures that define it. Don't miss the chance to own a piece of Victoria's finest rural land.
Property History for 17 Korrong Lane, Ryanston, VIC 3992
- 08 Nov 2024Listed for Sale $1,500,000 - $1,600,000
- 14 Aug 2021Sold for $1,050,000
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About Ryanston 3992
The size of Ryanston is approximately 51.9 square kilometres. It has 9 parks covering nearly 0.4% of total area. The population of Ryanston in 2011 was 428 people. By 2016 the population was 251 showing a population decline of 41.4% in the area during that time. The predominant age group in Ryanston is 60-69 years. Households in Ryanston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ryanston work in a managers occupation. In 2011, 76.6% of the homes in Ryanston were owner-occupied compared with 86.1% in 2016..
Ryanston has 179 properties. Over the last 5 years, Houses in Ryanston have seen a 79.55% increase in median value, while Units have seen a 305.84% increase. As at 31 October 2024:
- The median value for Houses in Ryanston is $1,333,272 while the median value for Units is $887,665.
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