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538 School Road, Drung VIC 3401

$220,000

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$220k - $231k Transparent Transparent Listing Based on an openly advertised listing price.

Land 19 acres

Listed: 23 days ago

Updated: 7 hours ago

Overview

Nestled just a short drive from Horsham, this expansive rural parcel of approximately 7.69 hectares (around 19 acres) offers a rare opportunity for those seeking a tranquil weekend retreat or a sizeable tract of farming land. The property's generous size provides room for both peaceful solitude and potential outdoor activities.

Enhancing its rural appeal is a substantial existing dam, a valuable water source that supports various uses from irrigation to recreation. Complementing the dam are established sheds, providing practical shelter and storage for equipment or livestock, facilitating farming or hobby farming pursuits.

Classified under the Farming Zone (FZ), this land invites agricultural or lifestyle uses permissible within local regulations, offering flexibility to purchasers aiming to develop or cultivate the property. The HRCC rates are moderate at $1,369.80 annually, reflecting the property's zoning and use.

This property is ideally suited for buyers who value space and privacy, including those interested in rural living, agriculture, or a spacious lifestyle block near Horsham. Its accessible location combined with essential rural features creates an appealing canvas for various rural ambitions.

Local Market Insights

In Warrnambool And South West, Quiet Listings observed 35 new parcels of land entering the market over the last 30 days, up from 29 during the previous 30-day period, with an average advertised asking price of $509,071. The property type mix of listed properties is predominantly Houses at 75%, followed by land (16%), and units (4%). The most active agency for land in the Warrnambool And South West area is currently Ray White, representing 37% of new listings, followed by Ballarat Real Estate Pty Ltd with 14%. 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.