LAWD is pleased to present for sale 'Norm's' Lot 46 & Lot 50 Richter Road West Coolup (the Property), a productive grazing property located in the Shire of Murray in Western Australia.Key Investment Highlights- Comprising 202.92* hectares (501.43* acres) on two contiguous titles, Lot 46 (59.89ha*) & Lot 50 (143ha*)- The Property is currently utilised for backgrounding and hay production- Water is secured by five earth dams, two windmills with storage tanks and a fully equipped bore with a solar pump and storage tank- Fenced into 12* paddocks comprising a mix of steel and jarrah posts, ring lock, plain and barbwires with some electric- Infrastructure includes a comfortable four-bedroom, one-bathroom dwelling, two x 144* square metre hay sheds, 180* square metre general purpose shed, 108* square metre general purpose shedand 56* square metre brick garage, 16* solar panels with associated equipment and working stock yards with crush and ramp- The Property boasts a fertile soil composition, primarily characterised by a mix of sandy loam and loam over clay, with an annual reseeding programme of clover/ryegrass mix- Fertiliser history includes 150kg/ha* autumn and 100kg/ha* spring applications- Mean annual rainfall of 680* millimetres (Pinjarra South Weather Station)- Strategically located in proximity to Forrest Highway and regional centres including Coolup 13* kilometres, Pinjarra 20* kilometres, Waroona 27* kilometres, Harvey 55* kilometres, Bunbury 76*kilometres and 96* kilometres to Perth- Consideration will be given to selling titles individually or in one-line- Shire rates $6,907.28* per annum 2024/2025*approximatelyThe Property represents an exceptional opportunity to acquire a highly productive operation located within the Peel agricultural region of Western Australia.
The size of West Coolup is approximately 84 square kilometres. It has 2 parks covering nearly 11.2% of total area. The population of West Coolup in 2011 was 397 people. By 2016 the population was 146 showing a population decline of 63.2% in the area during that time. The predominant age group in West Coolup is 50-59 years. Households in West Coolup are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in West Coolup work in a managers occupation. In 2011, 75.3% of the homes in West Coolup were owner-occupied compared with 72.4% in 2016..
West Coolup has 113 properties. Over the last 5 years, Houses in West Coolup have seen a 159.18% increase in median value. As at 31 October 2024:
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