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Overview
Located within the expanding township of Yarragon, this expansive 5.62-hectare property offers a rare blend of immediate residential lifestyle and notable future development potential, subject to council approval. The sizable land parcel is positioned strategically amidst an active growth corridor, as evidenced by the nearby 17-lot subdivision and sewer infrastructure, underscoring its suitability for future residential expansion as per the adopted township plan.
Enhancing the site is a well-maintained brick veneer residence built in 2009 that accommodates four bedrooms plus a study, complemented by multiple living zones and an outdoor alfresco area. This dwelling sits comfortably within the larger estate, presenting flexible options for owner occupation, rental income, or interim holding as development plans are finalized.
- Generous land size of approximately 5.62 hectares (14 acres), ideal for substantive residential or developmental use.
- Positioned within an identified growth precinct, supported by nearby existing subdivisions and essential infrastructure such as sewer, mains water, and power connections.
- Quality family-oriented home featuring 4 bedrooms plus study, multiple living spaces, and alfresco entertaining areas.
- Equestrian facilities including an arena, three stables, and barn/hay shed, appealing to horse enthusiasts or equine businesses.
- Established holding income potential between $900 and $1,000 weekly, adding significant investment appeal.
This property stands out as a compelling opportunity for developers, investors, or owner-occupiers seeking land bank options with strong growth prospects within West Gippsland’s emerging residential markets.
Due to the scale and strategic location, it is a particularly coveted landholding in Yarragon, poised to benefit from ongoing regional growth while also enjoying lifestyle advantages.
Note: The information is provided as a guide and should be independently verified. It does not constitute financial or legal advice.
Local Market Insights
In Yarragon, Quiet Listings observed 4 new houses entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $1,222,250. The property type mix of listed properties is predominantly Houses at 80%, followed by townhouses (20%). The most active agency for houses in the Yarragon area is currently OBrien Real Estate, representing 50% of new listings, followed by First National with 25%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| For Sale | |
| For Sale: $2,450,000- $2,650,000 |
Location
Market Insights for Yarragon VIC 3823
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