867 Lake Mokoan RoadChesney Vale VIC 3725
Property Details for 867 Lake Mokoan Rd, Chesney Vale
Last Listing description (September 2025)
Looking for multi family accommodation options or guest stay accommodation.
An exceptional opportunity to acquire an accommodation property with plenty of potential upside in regional Victoria located between Wangaratta and Benalla. The old Lake Mokoan Caravan Park at 867 Lake Mokoan Road Chesney Vale is on the market and looking for new owners. Located within 20 minutes of Benalla and Wangaratta and in the heart of Ned Kelly country near Glenrowan, the property enjoys a picturesque rural setting with established gardens and directly borders the Winton Wetlands, the largest wetland restoration project in the Southern Hemisphere.
The old Lake Mokoan Caravan Park has a range of accommodation options including 30 powered caravan sites, 4 permanent cabins, a large amenities block with modern male and female showers, toilets, and disabled access facilities, and offers a range of infrastructure including a substantial on-site sewerage system, 225,000 litres of rainwater storage, and a licensed water extraction system with the capacity to pump 8.4 megalitres from the wetlands. In addition, the property is equipped with three-phase power and has just added 20 kw solar panels which reduce power costs to a minimum. There are also several storage and machinery buildings, gas storage tanks, and other essential services giving this property plenty of potential. Also 30 additional permitted sites that present an excellent opportunity for future development, including the potential for glamping or short-stay accommodations such as yurts or luxury tents.
The property main residence is a charming comfortable 3 bedroom Victorian-style timber home with 3 separate living areas, modern kitchen, 2 bathrooms and features a veranda and deck area providing tranquil views out onto the Winton Wetlands. The current owners built the home 20 years ago and have maintained and upgraded the property over the years are now looking to retire.
With the surrounding regional areas experiencing the same accommodation shortage seen in larger metropolitan cities, there is significant demand for long-term and seasonal rentals. Key industries including agriculture and tourism in nearby areas such as Glenrowan and King Valley are struggling to find adequate housing for workers presenting a unique opportunity for the buyer to expand and diversify the accommodation options on-site.
The Caravan Pak licence is still current, and the property is licensed for 60 permanent sites under the Residential Tenancies Act 1997, and there is clear potential to develop additional self-contained cabins or units. These could be rented out on a permanent basis at approximately or used for short-term visitor accommodation, contributing to strong revenue.
This property represents a rare opportunity to invest in a high-demand regional location with significant growth potential. The surrounding area offers a unique blend of rural charm, access to major transport routes, and a thriving local economy, making it an ideal spot for further development of accommodation to meet the growing demand for both long-term and short-term rentals.
For more information or to schedule an inspection, please contact Dave Colvin on 0407 500 239. This is an exciting chance to secure a property with substantial future development opportunities.
Property History for 867 Lake Mokoan Rd, Chesney Vale, VIC 3725
- 19 Dec 2024Listed for Sale $1,050,000
- 21 Sep 2022Listed for Sale $1,220,000
- 08 Feb 2022Listed for Sale $1,200,000
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0About Chesney Vale 3725
The size of Chesney Vale is approximately 49.2 square kilometres. The population of Chesney Vale in 2016 was 157 people. By 2021 the population was 204 showing a population growth of 29.9% in the area during that time. The predominant age group in Chesney Vale is 60-69 years. Households in Chesney Vale are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chesney Vale work in a managers occupation.In 2021, 84.90% of the homes in Chesney Vale were owner-occupied compared with 67.90% in 2016.
Chesney Vale has 133 properties. Over the last 5 years, Houses in Chesney Vale have seen a -12.02% decrease in median value. As at 31 May 2026:
- The median value for Houses in Chesney Vale is $612,565 while the median value for Units is $338,859.
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