121 Mcfarlanes Lane, Bungal, VIC 3334 | Property Value & History | OnTheHouse
OFF MARKET

121 Mcfarlanes Lane
Bungal VIC 3334

Bedrooms: 3
Bathrooms: 1
Car spaces: 6
Land area: 320334m2
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Property Details for 121 Mcfarlanes Lane, Bungal

Building Type
Rural
Land Size
320334m2
Local Government
Moorabool
Lot/Plan
95/PP2275

Last Listing description (July 2022)

Here is an opportunity to become a custodian of Victorian history with this incredible lifestyle opportunity. Breath-taking views, amazing water catchment, improved pastures and impressive infrastructure all set on approx. 160 acres with a further road licence of approx. 6 acres.

Peace & privacy is assured with no through road access to the property & no neighbours nearby. Whether you are interested in equine activities, grazing stock or just a place to simply call home & enjoy - this property lends itself to multiple possibilities & offer the ultimate lifestyle away from the rat race
It is incredibly important to have access to good water and this property has it covered with a massive lake with a 49.7 Megalitres irrigation licence which will remain with the property with additional dams scattered across the farm, some stocked with fish. This lake has guaranteed the farm its water supply over the years. Having such a reliable source of continuous water for both stock & personal use is of huge importance

The extensively renovated home is very well built & has stood the test of time through quality workmanship & materials. Comprising 3 bedrooms, a study, 3 living areas or a 2nd office, double glazed windows to the study, lounge & master bedroom & spotted gum decking overlooking 2 of the 3 feature dams
Relax in the comfort of wood heating, a gas log heater, quality carpets, polished timber flooring & plenty of natural light teaming in through the large windows
Externally the shedding & infrastructure is outstanding with a 12 x 8m workshop with power, gantry & concrete floor, a modern 3 stand raised board shearing shed with ramp & yards, a garden/woodshed & a double carport
One of the best features of the property would have to be the significant historical value of the restored Bluestone outbuilding with polished concrete flooring, power & provision for slab heating. This gorgeous building which housed the first cream/milk separator in Victoria has huge potential as self-contained accommodation, an entertainment venue or wedding photo location
Cattle & horses are catered for with cattle yards, crush & a ramp, a round yard, a horse holding yard & the paddocks are serviced by a laneway system. The sheltered paddocks, water & grazing capacity would make for the perfect horse stud. Plus the veggie garden, chock yard & 2 orchards
15 mins to the Ballan Train Station, 1 Hour from Melbourne, 70kms to Geelong & 30 minutes to Ballarat

Property History for 121 Mcfarlanes Lane, Bungal, VIC 3334

A timeline of how this property has performed in the market
Last Sold
$2,420,000
15 Jul 2022
  • 15 Jul 2022
    Sold for $2,420,000
  • 17 Oct 2019
    Listed for Sale $1,850,000
  • 12 Oct 2018
    Listed for Sale $1,850,000
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About Bungal 3334

The size of Bungal is approximately 51.5 square kilometres. It has 1 park covering nearly 17.9% of total area. The population of Bungal in 2016 was 43 people. By 2021 the population was 32 showing a population decline of 25.6% in the area during that time. The predominant age group in Bungal is 60-69 years. Households in Bungal are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bungal work in a managers occupation.In 2021, 60.00% of the homes in Bungal were owner-occupied compared with 87.60% in 2016.

Bungal has 39 properties. As at 31 December 2025:

  • The median value for Houses in Bungal is $810,833 while the median value for Units is $548,552.
There are currently no properties listed for sale, and no properties listed for rent in Bungal on OnTheHouse. According to Cotality's data, 2 properties were sold in the past 12 months in Bungal.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.