In the Locality of Glenlynn a short drive from Bridgetown. Almost 23 acres with amazing quality built three level solid brick residence. Located only 5 minutes south of Bridgetown in the locality of Glenlynn, with sealed road frontage, you will find this peaceful property with a fully established Olive Grove and an abundance of Water- just waiting for you to bring it to its true potential.
THE HOME
* A spacious five-bedroom, split level, brick and iron home with two bathrooms & three WC's
THE OUTSIDE
*A fully enclosed below ground pool complete with landscaping and quality paving - a great place for parties, BBQ'S and family get-togethers- just add the Pizza oven to complete the ambiance
*A large, paved alfresco area situated at the rear of the home provides an alternate outdoor entertaining area. The paved area at the front of the home looks out over the established gardens and is an ideal spot to enjoy the sunset.
*The secure workshop is large enough for the tools and toys. There is a massive farm shed- perfect to store the overflow of machinery.
THE INCOME POTENTIAL
The owners planted an Olive Grove of approx 1500 trees, nearly 14 years ago. Four varieties of olive tree have been planted and the grove is fully reticulated with a quality pump system. The property has an excellent water supply, with a bore and two small dams (one is spring fed)- small flock grazing will be well catered for.
The grove was professionally planned. All trees can be machine harvested and pruned. All the hard work has been done by the owners, the trees are mature and producing good quantity and good quality olives. While the owners have never operated the grove as a commercial enterprise, they have submitted their oil to the Royal Show and won an award.
Here are some figures they have gathered over the years;
A small section of the grove was harvested a few years ago and yielded 18% oil. 13-15% is recognised as being reasonable.
They have harvested between 70 - 100kgs of olives per tree. 30-40kgs per tree is recognised as reasonable.
It takes approx. 4 days for a machine to harvest the olives.
(**the figures quoted above are only a guide and have been provided by the sellers in good faith. We recommend that buyers do their own research any not rely solely on these figures.)
SUMMARY
This property is zoned Rural and there is excellent potential to generate income. You will enjoy the seclusion of this property with two sides of State Forest,beautiful walks or trail rides and lovely rural views.
This is a rare opportunity to enjoy a real country escape with the opportunity to create an income.
The size of Glenlynn is approximately 43.2 square kilometres. It has 2 parks covering nearly 29.2% of total area. The population of Glenlynn in 2011 was 208 people. By 2016 the population was 87 showing a population decline of 58.2% in the area during that time. The predominant age group in Glenlynn is 50-59 years. Households in Glenlynn are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Glenlynn work in a labourer occupation. In 2011, 77.1% of the homes in Glenlynn were owner-occupied compared with 82.9% in 2016..
Glenlynn has 85 properties. Over the last 5 years, Houses in Glenlynn have seen a 161.11% increase in median value. As at 30 November 2024:
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