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
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.
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:
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