40 Lower River Road E, Gapsted, VIC 3737 sold on 18 March 2025 | OnTheHouse
 
SOLD
Sold on 18 Mar 2025 for $900,000

40 Lower River Road E
Gapsted VIC 3737

Bedrooms: 3
Bathrooms: 2
Car spaces: 4
Floor area: 149m2
Land area: 71588m2
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Tait Real Estate & Co
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Property Details for 40 Lower River Rd E, Gapsted

Building Type
Rural
Year Built
1980
Floor Size
149m2
Land Size
71588m2
Local Government
Alpine
Lot/Plan
1/LP209209

Last Listing description (April 2025)

Nestled at the base of Victoria's breathtaking Alpine region, this picturesque property offers the perfect blend of serenity and convenience. Located just 5mins from Myrtleford, 19 minutes from Beechworth, and 31 minutes from Wangaratta*, it places you close to the Ovens River and delivers stunning views of Mount Buffalo.

The property spans almost 18 acres (approx), divided into three well-fenced paddocks with the largest paddock accessible via the main road, making it ideal for running a few head of cattle or other livestock. Complete with a spring fed dam, cattle troughs, a 14-meg water license and a well, the land is perfectly suited for agricultural or lifestyle pursuits with it's fertile land. Current agistment arrangements provide an additional income stream of approximately $500 per month, and has previously catered for up to *17 heifers without the need of purchasing additional feed.

The home itself has undergone a stunning transformation inside and out, combining contemporary elegance with country charm. The thoughtfully designed floorplan features:

Three spacious bedrooms, 2 two with built-in robes, whilst the main bedroom is complete with walk-through robe and an ensuite showcasing, a timber-look vanity, a large step-in shower, and niche. Each room has new reverse cycle split system air conditioners
A dedicated study nook, perfect for working from home.
The large windows allow natural light to stream effortlessly into the open plan kitchen/living and dining area and is complimented by the stylish wall panelling, a slow-combustion wood heater, and a reverse-cycle split system.

The gourmet kitchen is a standout, featuring:
A large island bench with soft close drawers
An electric cooktop, oven, and dishwasher.
A butler's pantry with overhead cupboards

The family bathroom is luxurious, with floor-to-ceiling tiles, a freestanding bath, dual vanities.

The outdoor space is just as impressive, offering:
A spacious outdoor entertaining area and front porch that is perfect for sitting back relaxing over a coffee or local wine overlooking the valley and the street lined beautiful silver berch trees and the semi-circular driveway with side gate access, offers terrific access for caravans, boats or trailers.
A large lock-up shed/workshop, double car carport, hay shed, garden shed, and chicken coop + cattle yards
Town water, water tank near dam, a well, and mains-powered electric fencing and hard-wired security system, so you can lock up and leave with peace of mind.

The recently renovated studio adds versatility, whether as a teenager's retreat, 4th bedroom, guest accommodation, or hobby space.

Located in the heart of a food and wine lover's paradise, including the nearby Gapsted Winery, this property is ideal for those who enjoy fishing, kayaking, cycling, or simply immersing themselves in the beauty of the North East. Whether you're seeking a lifestyle change, hobby farm, or private retreat, 40 Lower River Road East offers it all.

Don't miss this rare opportunity to secure a property that truly has it all. Contact Connor from Tait Real Estate on 0493 674 245 for a private inspection or more information!

*Distances approximate and gathered from Google maps.
*Variable seasonal influences and may be subject to change

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Property History for 40 Lower River Rd E, Gapsted, VIC 3737

A timeline of how this property has performed in the market
Last Sold
$900,000
18 Mar 2025
  • 18 Mar 2025
    Sold for $900,000
  • 03 Dec 2024
    Listed for Sale $995,000
  • 19 Aug 2020
    Sold for $470,000
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About Gapsted 3737

The size of Gapsted is approximately 52.4 square kilometres. It has 1 park covering nearly 9.0% of total area. The population of Gapsted in 2016 was 173 people. By 2021 the population was 156 showing a population decline of 9.8% in the area during that time. The predominant age group in Gapsted is 60-69 years. Households in Gapsted are primarily childless couples and are likely to be repaying not stated per month on mortgage repayments. In general, people in Gapsted work in a professional occupation.In 2021, 78.30% of the homes in Gapsted were owner-occupied compared with 71.20% in 2016.

Gapsted has 92 properties. Over the last 5 years, Houses in Gapsted have seen a 49.93% increase in median value. As at 31 October 2025:

  • The median value for Houses in Gapsted is $940,176 while the median value for Units is $700,641.
There are currently 1 property listed for sale, and no properties listed for rent in Gapsted on OnTheHouse. According to Cotality's data, 1 property were sold in the past 12 months in Gapsted.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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