SOLD
Sold on 04 Jun 2024 for $3,000,000

1550 Buffalo-Waratah Road
Tarwin Lower VIC 3956

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Land area: 2290614m2
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Property Details for 1550 Buffalo-Waratah Rd, Tarwin Lower

Building Type
Rural
Land Size
2290614m2
Local Government
South Gippsland
Lot/Plan
1/TP859128

Last Listing description (March 2016)

ELDERS KORUMBURRA - 11 Commercial Street, Korumburra
AUCTION 676 ACRES TO BE OFFERED IN 2 LOTS (112 acres SOLD)
Lot 1 564 acres home & shedding

Lot 2 112 acres (LOT 2 SOLD)
Large scale grazing property in renowned Walkerville/Tarwin Lower district. Currently used as a successful beef fattening & sheep property. Watered by a number of dams in each paddock, with well-established treed shelter belts. Improvements include, 3-4 b/r home, hay shed, machinery shed/workshop, shearing shed & yards, & two sets of stockyards, accessible by both road frontages (Buffalo-Waratah Rd & Walkerville Road). To be offered by public Auction in two lots being 563 & 112 acres (112 acres SOLD).
LOCATION: 1550 Buffalo-Waratah Road, Walkerville& frontage to Walkerville Road, 11km Walkerville beach, 16km Tarwin Lower township, 40 mins Leongatha & 2 hours to Melbourne
SIZE:
Title 1 564 acres/228.24ha
Title 2 112 acres/45.32ha (SOLD)
LAND: Mixture of sandy loam and peat soil types with an excellent balance of sandy rises
SOIL TYPE: Sandy loam, peat, some clay
FERTILIZER HISTORY: Annual fertilizer until 2012
WATER: Dams at least one in each paddock, secure 36 rainfall
FENCING: 15 main paddocks, Permanent quality electric fencing for sheep and or cattle
SHELTER/TREES: Strands of natural bush & established treed shelter plantations
IMPROVEMENTS: 3-4 bedroom, 1 bathroom cottage
Machinery Shed, Shearing shed & sheep yards, Hay Shed, Cattle yards x2 (one off each road)
REMARKS: An excellent grazing property, in an outstanding location.
CONTACT: Don Olden 0417 805 312 or Zel Svenson 0438 636 290

Property History for 1550 Buffalo-Waratah Rd, Tarwin Lower, VIC 3956

A timeline of how this property has performed in the market
Last Sold
$3,000,000
04 Jun 2024
  • 04 Jun 2024
    Sold for $3,000,000
  • 14 Jan 2016
    Sold for $2,735,400
  • 04 Oct 2015
    Listed for Sale Not Disclosed
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About Tarwin Lower 3956

The size of Tarwin Lower is approximately 206.4 square kilometres. It has 1 park covering nearly 8.8% of total area. The population of Tarwin Lower in 2011 was 360 people. By 2016 the population was 374 showing a population growth of 3.9% in the area during that time. The predominant age group in Tarwin Lower is 60-69 years. Households in Tarwin Lower are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Tarwin Lower work in a managers occupation. In 2011, 73.8% of the homes in Tarwin Lower were owner-occupied compared with 81.7% in 2016.

Tarwin Lower has 418 properties. Over the last 5 years, Houses in Tarwin Lower have seen a 92.23% increase in median value, while Units have seen a -28.59% decrease. As at 31 October 2024:

  • The median value for Houses in Tarwin Lower is $868,531 while the median value for Units is $785,585.
There are currently 12 properties listed for sale, and 1 property listed for rent in Tarwin lower on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in Tarwin lower.

Suburb Insights for Tarwin Lower 3956

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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.