Lot 108 - Rutherglen Park Estate - Rutherglen

Description

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Rutherglen is a small rural township located in north-eastern Victoria, Australia, near the Murray River and close to the New South Wales border. It is about 280 km north-east of Melbourne and falls under the postcode 3685. The town has a population of around 2,500 people, giving it a quiet, close-knit community feel. Rutherglen is best known as one of Australia’s historic wine regions, particularly famous for its fortified wines such as Muscat and Topaque, as well as red varieties like Shiraz and Durif. 

The town was originally established during the 1850s gold rush and later developed into an agricultural and wine-producing area. Today, its economy is strongly supported by tourism, especially wine tasting, cellar doors, and local festivals. Rutherglen has a warm climate with hot summers and cool winters, which is ideal for vineyards, and it features a historic main street, surrounding vineyards, and a relaxed rural lifestyle.

• Property Type: Prestige House & Land
• Property Stage: N/A
• Price: $ 655,130.00
• Land Price: $ 200,000.00
• Build Price: $ 455,130.00
• Beds: 4
• Bath: 2
• Garage: 2
• Storey: 1
• Study: N/A
• Power Rooms: N/A
• MPR: N/A
• Powder Room: N/A
• Balcony: 1
• Floor Plan: Barossa
• Completion: N/A
• Land Size: 728
• Area Size: 204.39
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 580.00
• Est. Body Corp.: N/A
• Title Status: N/A
• Gross Per Week: $ 580.00
• Gross Per Annum: $ 30,160.00
• Gross Yield: 4.60%
• Capital Growth 12 Months: -9.95%
• Capital Growth 10 Year Annualised: 5.21%
• Vacancy Rate: 0.46%