440 Pitt RoadIona VIC 3815
Property Details for 440 Pitt Rd, Iona
Last Listing description (February 2020)
Excellent position, quality property. The long sealed road frontage with easy access to the M1, underlines the significance of the location of this 80 acres of prime peat soil in 4 titles. Historically a highly successful vegetable farm and now in pasture and fodder production, it is well suited to a variety of other uses and perfect to establish an equine business, particularly thoroughbreds being central to both Cranbourne and Pakenham racing centres.
The inground 18 ML dam presents an impressive central water feature where one could build a grand residence or a highly impressive and attractive stabling complex. There is also potential to further subdivide the land (STCA). Key features include:
- 80 acres, 4 titles, 2 road frontages, sealed road entrance,
- productive peat soil, excellent cropping history,
- fully drained, newly resown for pasture and fodder production,
- 18x15M shed, concrete, power, water tanks, security camera,
- close to shopping, V line train, M1 freeway, school bus services,
This is a particularly attractive property in a great location offering a range of potential uses.
For further information please contact: Ray Cullen on 0429 977313
Property History for 440 Pitt Rd, Iona, VIC 3815
- 27 Jan 2021Listed for Sale $1,750,000
- 21 Jan 2021Sold for $1,650,000
- 28 May 2020Sold for $400,000
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About Iona 3815
The size of Iona is approximately 24.6 square kilometres. The population of Iona in 2016 was 228 people. By 2021 the population was 240 showing a population growth of 5.3% in the area during that time. The predominant age group in Iona is 10-19 years. Households in Iona are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Iona work in a managers occupation.In 2021, 86.10% of the homes in Iona were owner-occupied compared with 84.50% in 2016.
Iona has 133 properties. Over the last 5 years, Houses in Iona have seen a 24.50% increase in median value. As at 31 December 2025:
- The median value for Houses in Iona is $1,280,606 while the median value for Units is $985,246.
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