699 Penny LaneGooram VIC 3666
Property Details for 699 Penny Lane, Gooram
Last Listing description (May 2019)
Set within the highly productive Mansfield region of Victoria, located at 699 Penny's Lane, Merton, VIC, this previous high yielding Pine plantation property is perfect for conversion to numerous highest and best forward uses including; Lifestyle, Agriculture, Horticulture or if favoured, continued as a commercial plantation.
This property presents exceptional value for those looking for that weekend rural interest. Following commercial harvest, this property was successfully re-established back to pine in 2017 following pre and post helicopter weed control, resulting in excellent seedling growth. The successful purchaser of this plantation property can enjoy future financial returns from the growing pine if patient and the trees are kept and maintained.
The 11 hectares of native vegetation provides a nice balance catering to all interests. The property features well maintained roads and firebreaks.
Harvested and replanted Pinus Radiata - Pine Area: 39.0 hectares (96.37 acres)
Vegetation Area: 11 hectares (27.18 acres)
Firebreaks / Roads Area: 4.78 hectares (11.81 acres)
* Note - all areas above are approximate in nature - GPS mapping used.
Property History for 699 Penny Lane, Gooram, VIC 3666
- 05 May 2019Sold for $210,000
- 07 Nov 2018Listed for Sale $390,900
- 28 Oct 2016Sold for $505,000
Recent sales nearby
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About Gooram 3666
The size of Gooram is approximately 112.6 square kilometres. There is 1 park, covering nearly 0.1% of the total area. The population of Gooram in 2016 was 148 people. By 2021 the population was 141 showing a population decline of 4.7% in the area during that time. The predominant age group in Gooram is 60-69 years. Households in Gooram are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Gooram work in a managers occupation.In 2021, 81.30% of the homes in Gooram were owner-occupied compared with 75.40% in 2016.
Gooram has 137 properties. Over the last 5 years, Houses in Gooram have seen a 12.36% increase in median value. As at 30 June 2026:
- The median value for Houses in Gooram is $819,135 while the median value for Units is $479,264.
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