Located amongst the lovely rural surrounds of Tanjil South, Gippsland, you'll find this 107-acre property just five minutes from the townships of Newborough & Moe with Lake Narracan frontage. This is a rare and excellent opportunity to purchase a beautiful property close to these growth townships that features the most enviable of backdrops and a fantastic water supply.
A studio on the property makes an excellent weekender and features a bathroom/laundry, kitchenette, and an open living space with a bedroom area.
There is an abundance of shedding on the property that includes the following
The gently undulating pastures are a mixture of heavy grey loam & grey sandy loam and have a fantastic carrying capacity. Fencing is in good condition.
There are approximately 20 acres of natural bush on the property with an abundance of native wildlife calling it home.
Water on the property is sourced from the Latrobe River which borders the property.
There are also 20 acres of river lease land.
The size of Tanjil South is approximately 82 square kilometres. It has 2 parks covering nearly 26.1% of total area. The population of Tanjil South in 2011 was 698 people. By 2016 the population was 545 showing a population decline of 21.9% in the area during that time. The predominant age group in Tanjil South is 50-59 years. Households in Tanjil South are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Tanjil South work in a managers occupation. In 2011, 85.4% of the homes in Tanjil South were owner-occupied compared with 80.2% in 2016..
Tanjil South has 253 properties. Over the last 5 years, Houses in Tanjil South have seen a 50.40% increase in median value, while Units have seen a 176.24% increase. As at 30 November 2024:
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