'Tetero' is a manageable size build up parcel or investment which would be well suited to a mixed farming enterprise with the opportunity to purchase as a whole or in two non-contingent lots. The property is located 15 kilometres* Northeast of Melrose and 22 kilometres* Northwest of Booleroo Centre in the Upper North of South Australia.
Price Release:
Lot 1 - $375,000
The property is being offered for sale as a whole or in 2 contingent Lots.
Whole 767.5acres/310.6ha (740 acres arable*)
Lot 1 - 284.17acres/115ha (266 acres arable*) With shedding infrastructure and a 4-bedroom home.
Lot 2 483.33acres/195.6ha (474 acres arable*) Fenced into 8 paddocks, 4 larger and 4 holding paddocks to the north.
The land predominantly comprises healthy red/brown clay loam soils
300-325mm* annual average rainfall.
Mains Water connected
Well fenced into 8 main paddocks and 4 holding paddocks.
Improved with shedding infrastructure as well as a 4-bedroom homestead.
2-stand shearing shed with steel yards
For Sale by Auction 3pm Friday 17th March 2023
Location Melrose Football Club
Settlement 28th April 2023
Deposit 5% of the purchase price
James Wardle - 0407 362 105
*Denotes Approximate
Early Access will be provided for spraying and tillage to the purchaser.
RLA228106
Property Code: 8986
The size of Melrose is approximately 328.9 square kilometres. It has 2 parks covering nearly 11.1% of total area. The population of Melrose in 2016 was 347 people. By 2021 the population was 342 showing a population decline of 1.4% in the area during that time. The predominant age group in Melrose is 60-69 years. Households in Melrose are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melrose work in a managers occupation.In 2021, 85.30% of the homes in Melrose were owner-occupied compared with 83.00% in 2016.
Melrose has 356 properties. Over the last 5 years, Houses in Melrose have seen a 66.05% increase in median value. As at 30 November 2025:
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