AUCTION
4TH NOVEMBER 2017
@ 12 NOON AT MUNGLINUP GOLF CLUB
Open for inspection - By appointment 1st October and 14th - 15th October
Conditions Apply
Property Details:
813.5 HA
Oldfields Location in the shire of Ravensthorpe
Vol: 1373 Folio: 366
Shire Rates $4800 app
Zoning: General agriculture
Concrete water tank by house
This Property borders the town of Munglinup and comprises approx 600 610 HA arable with a 2 Road Front.
With a 470mm to 500mm average rainfall and is reportably a frost free farming area.
Approx 1.5km from CBH depot.
The land is generally well drained with 2 good dams plus 4 others. The soil types and sand over gravel with clay base with quite a lot of natural bush plus a considerable size lake.
Some of the original internal fencing has been removed for cropping.
The property has been leased for quite a period and is in need of some fundamental infrastructure improvements including fencing yards etc.
HISTORY
Location 743 South Coast HWY allocated in 1959 to Jim and Vera Segedin. Shed and living quarters built in 1960 with the help of Jims father moved into the quarters in 1963. The farm was named KORCHULA after an island in Croatia where Jims father came from. The property has remained in the same family since allocation 1959 2017 (58 Years). The other residence was built by T + M Ogilby PTY LTD in 1968 but would need work to be habitable.
Contact Bob on 0417 946 713 for any enquiries.
Property Code: 1108
The size of Munglinup is approximately 3,039 square kilometres. It has 6 parks covering nearly 4.9% of total area. The population of Munglinup in 2011 was 340 people. By 2016 the population was 127 showing a population decline of 62.6% in the area during that time. The predominant age group in Munglinup is 50-59 years. Households in Munglinup are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Munglinup work in a managers occupation. In 2011, 62.3% of the homes in Munglinup were owner-occupied compared with 59.6% in 2016..
Munglinup has 184 properties. Over the last 5 years, Houses in Munglinup have seen a 17.60% increase in median value. As at 31 October 2024:
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