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Sold on 09 Dec 2024 for $650,000

123 James Road
Warrenbayne VIC 3670

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 130592m2
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Property Details for 123 James Rd, Warrenbayne

Building Type
Rural
Land Size
130592m2
Local Government
Benalla
Lot/Plan
1/PS523322

Last Listing description (December 2024)

Rosebank is a recently subdivided property of approximately 13.06 hectares or 32.27 acres of gently sloping land overlooking the beautiful Baddaginnie Creek flats. This land is enriched by diverse soil types and natural features, creating an ideal setting for agricultural use and rural living. The property includes a charming turn-of-the-century homestead that stands as a testament to the areas history, though it awaits a revival through a thoughtful restoration by its future owner.

The central homestead is a classic example of early 1900s architecture, set in an established garden and brimming with character and unique historical elements. This building, covering approximately 400 m2, is accompanied by additional remnant farm shedding. While the homestead is currently in a state that requires renovation, it holds immense potential. Original features like the enclosed veranda with large windows and the nostalgic wallpapered rooms evoke the propertys past charm. These features provide a wonderful canvas for restoration, enabling a buyer to bring modern comforts while preserving the propertys heritage.

Rosebank is situated in a Farming Zone (FZ) and is primarily used for grazing modified pastures. The soil on the property is a combination of Sodosols, Kurosols, and Chromosols, which supports a variety of agricultural pursuits, especially livestock grazing. The propertys average carrying capacity is estimated at an excellent 17 DSE/ha, allowing for a sustainable number of livestock. Additionally, the lot receives an average annual rainfall of 806 mm, which further supports pasture growth and agricultural activities. Water security is a feature with a 4 megalitre water extraction license.

The landscape of Rosebank is adorned with mature eucalyptus trees, expansive open fields, and two tranquil dams. These natural water bodies enhance the property's beauty and provide potential resources for livestock or recreational use. The land includes areas classified as non-woody and sparse-woody vegetation. It has a gentle slope, making it suitable for a variety of agricultural operations without major concerns for erosion.

With low flood and bushfire risks, the property provides a secure environment for agricultural and residential use. The bushfire and flood risk is rated as low.

This property is more than just land; its an opportunity to own a piece of history. The homestead, overlooking the Baddaginnie Creek flats, presents a unique restoration opportunity, blending old-world charm with rural living. It invites a new owner to revive its heritage while capitalizing on its agricultural potential. Whether you are looking for a lifestyle change or an investment in a productive agricultural property, Rosebank at 123 James Road offers a rare combination of beauty, utility, and historical significance.

Property History for 123 James Rd, Warrenbayne, VIC 3670

A timeline of how this property has performed in the market
Last Sold
$650,000
09 Dec 2024
  • 09 Dec 2024
    Sold for $650,000
  • 18 Oct 2024
    Listed for Sale Expressions of Interest closing 20th November 2024
  • 18 Nov 2022
    Sold for $942,857
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About Warrenbayne 3670

The size of Warrenbayne is approximately 129.3 square kilometres. It has 1 park covering nearly 20.2% of total area. The population of Warrenbayne in 2011 was 205 people. By 2016 the population was 134 showing a population decline of 34.6% in the area during that time. The predominant age group in Warrenbayne is 60-69 years. Households in Warrenbayne are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Warrenbayne work in a managers occupation. In 2011, 89.9% of the homes in Warrenbayne were owner-occupied compared with 90.9% in 2016..

Warrenbayne has 118 properties. Over the last 5 years, Houses in Warrenbayne have seen a 239.79% increase in median value. As at 30 November 2024:

  • The median value for Houses in Warrenbayne is $536,739.
There are currently 1 property listed for sale, and no properties listed for rent in Warrenbayne on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in Warrenbayne.

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Dave Colvin
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Michael Everard
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Elders Rural Services Australia
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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.