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Drummartin Road, Drummartin VIC 3517

Auction

Search Band Search Visibility Band

$1M - $1.5M Low Confidence Calculated based on limited search observations.

Land 233 acres

Listed: 51 days ago

Updated: 7 hours ago

Overview

This expansive agricultural property situated on Drummartin Road in Drummartin offers a significant rural opportunity within Victoria's productive landscape. Spanning approximately 94.256 hectares (232.906 acres), this land comprises two titles and is divided into three paddocks, presenting an efficient layout for farming operations.

Approximately 90% of the land is arable, ensuring effective cultivation possibilities and supporting diverse agricultural pursuits.
Water resources are accessible via two dams, providing essential irrigation or stock water capacity throughout the year.
The property boasts 140 acres of established pasture, contributing to sustainable grazing or fodder production.
Rich red loam soils underline the productivity of the land, enhancing crop yields and pasture growth.
The block is maintained in excellent condition, reflecting the stewardship and suitability for immediate agricultural use.
Potential working rights agreements may be available, enabling operational flexibility.

Such a rural landholding is best suited to those seeking a solid investment in productive mixed farming, whether for cropping, grazing, or a combination of land uses. The terms of sale require a 10% deposit on signing, with the balance payable within 60 days or earlier by agreement, offering clarity for prospective buyers planning acquisition.

Local Market Insights

In Drummartin, Quiet Listings observed 4 new parcels of land entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $964,750. The property type mix of listed properties is predominantly Land at 80%, followed by houses (20%). The most active agency for land in the Drummartin area is currently F P Nevins & Co Pty Ltd, representing 75% of new listings, followed by Property Plus Real Estate 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.