LAND AUCTION - "MERRETT'S"
Prime Serviceton and Custon Cropping Country
FRIDAY 22nd September 2023
Lots to be offered by Westech Real Estate
Agent Stuart Kyle Ph: 0417 332 805
Lot 1 “THE DUGOUT” (HOME BLOCK) - Approx. 371 Acres / 150.2 Hectares
Lot 2 “THE 200 ACRE'S” - Approx. 201 Acres / 81.38 Hectares
Lot 3 “NORTON'S” - Approx. 490 Acres / 198.65 Hectares
Lot to be offered by Spence Dix and Co
Greg Window Ph: 0427 582 177
Lot 4 “KING'S” - Approx. 299 Acres / 121.06 Hectares
TERMS: 5% Deposit on signing contracts, balance and possession 1st March 2024.
Agents Remarks: The auction of the Merrett properties represent a rare opportunity to acquire some of Victoria's and SE South Australia's most respected cropping country.
The size of Serviceton is approximately 430.5 square kilometres. It has 2 parks covering nearly 24% of total area. The population of Serviceton in 2011 was 270 people. By 2016 the population was 109 showing a population decline of 59.6% in the area during that time. The predominant age group in Serviceton is 50-59 years. Households in Serviceton are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Serviceton work in a managers occupation. In 2011, 88% of the homes in Serviceton were owner-occupied compared with 86% in 2016.
Serviceton has 161 properties. Over the last 5 years, Houses in Serviceton have seen a 37.13% increase in median value. As at 31 October 2024:
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