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655 Fairbank Road, Arawata VIC 3951

$1,595,000 - $1,750,000

Search Band Search Visibility Band

$1.6M - $1.67M Transparent Transparent Listing Based on an openly advertised listing price.

House 1 Bed 2 Baths 2 Cars 123 acres

Listed: yesterday

Overview

Located amidst the rolling green hills of Arawata, this distinctive property offers a rare blend of expansive rural charm and practical lifestyle opportunities across a vast 123 acres (approximately 498,321 sqm). Its ideal location, just 15 minutes from the regional hubs of Korumburra and Leongatha, balances serenity with convenient access to town amenities.

The homestead exudes old-world character with original leadlight windows and decorative cornices, enhanced by tasteful modern updates that sustain its timeless appeal. Central to this home is a country-style kitchen featuring stone benchtops and a Bellino stove, fostering a cozy atmosphere perfect for family gatherings and daily living.

Natural light fills the conservatory, which offers peaceful garden views, supplementing the formal living area as a relaxing retreat. Currently, the residence is configured with one bedroom while providing additional sitting areas and a study; there is potential to restore it to its original three-bedroom layout for those needing more accommodation.

The property also includes a thoughtfully converted dairy turned versatile studio, complete with an open-plan design, amenities, and a substantial deck overlooking stunning rural landscapes. This space lends itself to a variety of uses from creative studio or home business to guest accommodation or retreat.

Beyond the home, the extensive acreage presents genuine potential for livestock, agricultural endeavors, or agistment, adapting to varied rural pursuits. The combination of homestead and studio also opens up possibilities for a bed and breakfast, retreats, workshops, or wellness sessions, offering scope for supplementary income (subject to council approval).

Includes machinery and storage sheds enhancing operational convenience.
Features multiple heating options such as a solid fuel heater and reverse cycle air conditioning to ensure comfort year-round.
Option to purchase fully furnished, allowing a hassle-free, move-in ready experience.

This exceptional estate offers an inspiring canvas for those seeking a peaceful country escape with the flexibility to develop diverse lifestyle or business ventures, combining rustic charm with adaptability to suit evolving needs.

Local Market Insights

In Arawata, Quiet Listings observed 3 new houses entering the market over the last 30 days, with an average advertised asking price of $1,144,667. All new listings observed during this period were Houses. The most active agency for houses in the Arawata area is currently @Realty, representing 33% of new listings, followed by Area Specialist with 33%. 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.