This property presents a unique opportunity to acquire 32.87 hectares only 5kms from shopping centre and 10kms from the city centre on the intersection of Chester Pass and Norwood Roads, zoned 'General Agriculture'.
Springvale has been a long held family property and this is the first time in its history that the property has been offered for sale. It is strategically situated close to large urban blocks, special rural developments of 1 to 2 hectares as well as other small rural holdings. The large homestead has three bedrooms, two with built-in robes and one with walk in robes. There is also a huge games room that has its own ensuite and walk-in robes that could easily be transformed to a fourth bedroom.
In addition there are three living areas, a well appointed kitchen, an office plus an enclosed verandah/sunroom.
The size of King River is approximately 15.8 square kilometres. It has 3 parks covering nearly 6.2% of total area. The population of King River in 2011 was 284 people. By 2016 the population was 267 showing a population decline of 6.0% in the area during that time. The predominant age group in King River is 10-19 years. Households in King River are primarily couples with children and are likely to be repaying under $300 per month on mortgage repayments. In general, people in King River work in a trades occupation. In 2011, 68.4% of the homes in King River were owner-occupied compared with 66% in 2016.
King River has 124 properties. Over the last 5 years, Houses in King River have seen a 69.64% increase in median value. As at 31 October 2024:
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