OFF MARKET

2037 Tungamah-Peechelba Road
Wilby VIC 3728

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
Floor area: 125m2
Land area: 32375m2
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Property Details for 2037 Tungamah-Peechelba Rd, Wilby

Building Type
Rural
Year Built
1995
Floor Size
125m2
Land Size
32375m2
Local Government
Moira
Lot/Plan
59/PP5859

Last Listing description (November 2024)

Discover the Perfect Rural Escape at 2037 Tungamah Peechelba Road, Wilby
This affordable lifestyle property offers everything you need for a serene rural retreat, combining comfort, space, and nature in the heart of Wilby. Whether you're looking for a family home or a peaceful countryside escape, this property delivers the best of both worlds.
Spacious Living & Comfort

Three bedrooms including an ensuite, perfect for privacy and convenience.
Split system air conditioning in the lounge and master bedroom, plus ceiling fans throughout for year-round comfort.
Stay cosy with a wood stove heater, creating a warm and inviting atmosphere during cooler months.
Ample Water Supply
A 90,000-litre rainwater tank system with two separate pumps ensures an abundant water supply, providing peace of mind and sustainability.
Indoor & Outdoor Entertainment
Full-size windows with both partial and blackout blinds allow you to control natural light and maintain privacy, creating a serene interior atmosphere.
Step outside to enjoy the expansive full-length veranda and large undercover areas, perfect for hosting gatherings, relaxing, or simply taking in the fresh country air.
A Nature Lovers Paradise
A private camping area complete with a large dam stocked with fish offers endless leisure opportunities for fishing, camping, and enjoying the outdoors.
The property backs onto the picturesque Sandy Creek, adding scenic beauty and potential for recreational activities like picnicking and bird watching.
Four separate paddocks with new fencing are ideal for those interested in farming or horses.
Utility & Durability
Built to last with solid Jennings brick veneer construction, this home offers enduring quality and comfort.
A large shed with a concrete floor and partially built accommodation gives you extra space for storage, hobbies, or even guest accommodations.
Never worry about power outages with a professionally installed 5KW diesel backup generator, ensuring uninterrupted comfort.
This property is a comprehensive choice for those seeking a blend of indoor comfort and outdoor adventure. From spacious living areas to private outdoor spaces, this rural gem is ideal for families, nature enthusiasts, or anyone looking to embrace a country lifestyle.

About Wilby: A Tranquil Hamlet with Potential
Location:
Nestled 20 kilometres south of the vibrant town of Yarrawonga, Wilby offers a serene, rural lifestyle with the charm of a close-knit hamlet.
Key Features:
Spacious Living: Wilby is characterised by low-density development, with generously sized lots of around 2 hectares. This offers ample space for those seeking privacy and a peaceful, country setting.
Community Spirit: The settlement features a community hall, tennis and recreation facilities, and a local CFA. For motorsport enthusiasts, Wilby even boasts a motor sports tank.
Current Infrastructure:
While there is no reticulated water or sewerage system in place, Wilby provides a unique opportunity for those looking to enjoy a simpler, off-grid lifestyle while remaining close to essential community facilities.
Residential Potential
Growing Demand:
Although Wilby has seen a modest number of residential approvals (17 between 19982012), the hamlet still holds potential. With around 35 lots available for development, buyers have the chance to build their dream home in a peaceful, rural environment.
Development Opportunities:
Infill development on existing allotments provides a great opportunity for those looking to invest in the area. Re-subdivision within the settlement could also increase development potential, allowing for flexible land use and design.
Constraints to Consider:
While Wilby offers a rustic lifestyle, there are some constraintsprimarily the lack of reticulated water and sewerage services, which may require innovative solutions for those planning to develop.
Looking Ahead: Future Growth and Recommendations
Development Outlook: With a defined settlement boundary and rezoning plans for the recreation reserve and cemetery, Wilby is poised for controlled growth. While growth capacity remains low, an estimated 17 new lots over the next 15 years means that change will be minimal, preserving the hamlets quiet charm.
Lifestyle and Investment: For property buyers seeking a peaceful, community-oriented lifestyle, Wilby presents a rare opportunity. It offers the perfect blend of tranquility and potential for those looking to create a home in a serene, rural setting while staying connected to nearby towns.
Takeaway:
If you value open space, community spirit, and the prospect of living in a charming rural hamlet, Wilby could be the perfect place to build your future. With defined development opportunities and plenty of room to grow, its an ideal location for those wanting to escape the bustle without compromising on comfort.

Property History for 2037 Tungamah-Peechelba Rd, Wilby, VIC 3728

A timeline of how this property has performed in the market
Last Sold
$240,000
08 Nov 2021
  • 14 Jun 2024
    Listed for Sale $595,000
  • 28 Feb 2023
    Listed for Sale $675,000 Negotiable
  • 08 Nov 2021
    Sold for $240,000
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About Wilby 3728

The size of Wilby is approximately 110.4 square kilometres. The population of Wilby in 2011 was 270 people. By 2016 the population was 160 showing a population decline of 40.7% in the area during that time. The predominant age group in Wilby is 50-59 years. Households in Wilby are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wilby work in a clerical occupation. In 2011, 84.5% of the homes in Wilby were owner-occupied compared with 90% in 2016..

Wilby has 176 properties. Over the last 5 years, Houses in Wilby have seen a 72.35% increase in median value, while Units have seen a 119.24% increase. As at 31 October 2024:

  • The median value for Houses in Wilby is $362,636 while the median value for Units is $395,259.
There are currently 5 properties listed for sale, and no properties listed for rent in Wilby on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Wilby.

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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.