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Sold on 29 Jan 2024 - Price Unavailable

11 Mitchell River Flats
Wy Yung VIC 3875

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5.28ha
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Property Details for 11 Mitchell River Flats, Wy Yung

Building Type
Rural
Land Size
5.28ha
Local Government
East Gippsland
Lot/Plan
8/LP65718

Last Listing description (January 2024)

A generous 5.2-hectare (approximately 13-acre) expanse of land awaits your vision, perfectly suited for cultivating high-quality lucerne.
The lucerne paddock is known for its superior fertility, making it a prime choice for the discerning farmer seeking top-tier forage production. Whether you're expanding your existing farming operation or starting a new venture, this paddock provides the ideal canvas to achieve your agricultural dreams.
The generous size ensures ample space to experiment with different crops or establish an intensive farming system. Enjoy the convenience of town water, ensuring your crops receive a consistent and reliable water supply.

Investing in this highly fertile paddock is an investment in the future of your farming enterprise. Lucerne or Rye grass is a valuable crop with a range of applications, from livestock forage to market sales, ensuring a steady return on your investment.
Whether you're a seasoned farmer or an aspiring landowner, this paddock offers endless potential to fulfill your agricultural aspirations.
Don't miss the opportunity to own this remarkable piece of farmland and take your farming enterprise to new heights.

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Property History for 11 Mitchell River Flats, Wy Yung, VIC 3875

A timeline of how this property has performed in the market
Last Sold
29 Jan 2024
  • 24 Jan 2024
    Sold for $230,000
  • 09 Nov 2023
    Listed for Sale $280,000
  • 18 Jun 1984
    Sold

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About Wy Yung 3875

The size of Wy Yung is approximately 35.4 square kilometres. It has 8 parks covering nearly 0.3% of total area. The population of Wy Yung in 2011 was 1,709 people. By 2016 the population was 1,658 showing a population decline of 3.0% in the area during that time. The predominant age group in Wy Yung is 50-59 years. Households in Wy Yung are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Wy Yung work in a trades occupation. In 2011, 74.5% of the homes in Wy Yung were owner-occupied compared with 77.9% in 2016.

Wy Yung has 1,091 properties. Over the last 5 years, Houses in Wy Yung have seen a 77.24% increase in median value, while Units have seen a 66.50% increase. As at 31 August 2024:

  • The median value for Houses in Wy Yung is $699,234 while the median value for Units is $366,473.
  • Houses have a median rent of $420.
There are currently 26 properties listed for sale, and 1 property listed for rent in Wy yung on OnTheHouse. According to CoreLogic's data, 36 properties were sold in the past 12 months in Wy yung.

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James Counihan
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KING & HEATH FIRST NATIONAL - Bairnsdale
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