SOLD
Sold on 23 Apr 2024 for $1,360,000

70 Fernlea Road
Yallourn North VIC 3825

Bedrooms: 3
Bathrooms: -
Car spaces: -
Floor area: 140m2
Land area: 459942m2
Sold By
Property Now Mooloolaba
Save

Property Details for 70 Fernlea Rd, Yallourn North

Building Type
Rural
Year Built
1970
Floor Size
140m2
Land Size
459942m2
Local Government
Latrobe
Lot/Plan
1/PS524318

Last Listing description (May 2024)

Offered for the first time in 50 years is your opportunity to secure tightly held Lakefront acreage.
This exceptional 113-acre property on two separate titles is a canvas of natural beauty, offering captivating vistas and endless possibilities. If youve been looking for your dream rural lifestyle. Youve found it.

Property Highlights:

- Charming open plan country-home with a Merbau wrap-around veranda and spacious deck, easily accessed through wide sliding doors creating an indoor/outdoor flow
- Postcard views of Lake Narracan with the rolling hills of Tanjil South to the snow-capped mountains of Mount Baw Baw
- 3 Bedrooms enjoying outlooks you wont find elsewhere
- Modern kitchen with solid granite benchtops and Miele appliances
- 3 large sheds, a home office, a separate small studio and lake camping hut
- Five fully fenced paddocks perfect for farmers seeking a livestock income
- Ample fresh water supply with over 40,000 litres of water storage*
- Seasonal creek with spring-fed dams
- Hobby 2 hectare fenced vineyard ready for reactivation
- Private lakefront powered camping ground at the old Yallourn North gun club site on the property
- Lake Narracans endless summer fun for boating, jet skiing, and hover-crafting
- Explore captivating views and secret tracks throughout the property on foot, quadbike or 4x4 fun
- Subdivision opportunities for investors - currently on two separate titles!
- Immediate holiday rental return

The Farmers Paradise:
This property offers 113 acres of endless potential for farmers. Five fully fenced paddocks, 900mm annual rainfall and an ideal water catchment in the heart of the property feeding 3 dams ensuring ample livestock and agriculture suitability. Currently used for beef steers, would also suit alpaca or sheep

The Savvy Investors Dream:
Investors, seize the opportunity!
2 titles!! Explore subdivision options and diverse land use possibilities. Caravan Park, Winery with Vineyard, Hot Springs, Cabin Retreat? This propertys unique and diverse features along with its current value make it the only choice with immediate holiday rental options and a plethora of income stream possibilities.

The City Dwellers Retreat:
Escape the city and savour the tranquillity of rural life. Ideally placed for travel from the eastern suburbs, its a short 90 minute drive from the city. Enjoy Lake Narracans water sports, the private camping ground, and breathtaking views from your country estate. Your perfect lock and leave holiday retreat awaits and Christmas with family and friends is at your farm this year!

Dont miss out on this once in a generation opportunity that is one of eight acreages abutting Lake Narracan.

Lake Narracan Estate awaits you and we look forward to showing you around.

Property History for 70 Fernlea Rd, Yallourn North, VIC 3825

A timeline of how this property has performed in the market
Last Sold
$1,360,000
23 Apr 2024
  • 23 Apr 2024
    Sold for $1,360,000
  • 23 Sep 2023
    Listed for Sale Offers Invited $1,390,000 - $1,490,000

Commute Calculator

About Yallourn North 3825

The size of Yallourn North is approximately 80.8 square kilometres. It has 3 parks covering nearly 52.7% of total area. The population of Yallourn North in 2011 was 1,492 people. By 2016 the population was 1,543 showing a population growth of 3.4% in the area during that time. The predominant age group in Yallourn North is 50-59 years. Households in Yallourn North are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Yallourn North work in a trades occupation. In 2011, 83.6% of the homes in Yallourn North were owner-occupied compared with 81.5% in 2016.

Yallourn North has 797 properties. Over the last 5 years, Houses in Yallourn North have seen a 93.93% increase in median value. As at 30 September 2024:

  • The median value for Houses in Yallourn North is $332,534 while the median value for Units is $225,023.
  • Houses have a median rent of $349.
There are currently 3 properties listed for sale, and no properties listed for rent in Yallourn north on OnTheHouse. According to CoreLogic's data, 32 properties were sold in the past 12 months in Yallourn north.

Suburb Insights for Yallourn North 3825

Market Insights
Yallourn North Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Yallourn North Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.