371 Penny LaneMerton VIC 3715
Property Details for 371 Penny Lane, Merton
Last Listing description (May 2023)
Set within the highly productive Mansfield region of Victoria, positioned on Penny's Lane, 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.
Organic Certification may result in post-conversion to HBU given no history of herbicide treatment for the life of prior plantation.
Includes a comfortable cabin providing a single bedroom, kitchen, bathroom and living spaces. The cabin provides magnificent views across the surrounding district through to Mount Bulla.
This property has exceptional value for those looking for that weekend rural interest.
Title Area: 34.38 hectares (84.95 acres)
Harvested pine area: 32.90 hectares (81.29 acres)
* all areas above are approximate in nature
Property History for 371 Penny Lane, Merton, VIC 3715
- 22 May 2019Sold for $210,000
- 12 Feb 2019Listed for Sale $220,000
- 04 Oct 2016Sold for $374,000
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0About Merton 3715
The size of Merton is approximately 119.6 square kilometres. There is 1 park, covering nearly 0.2% of the total area. The population of Merton in 2016 was 190 people. By 2021 the population was 216 showing a population growth of 13.7% in the area during that time. The predominant age group in Merton is 60-69 years. Households in Merton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Merton work in a managers occupation.In 2021, 87.90% of the homes in Merton were owner-occupied compared with 91.20% in 2016.
Merton has 249 properties. Over the last 5 years, Houses in Merton have seen a 102.00% increase in median value. As at 30 April 2026:
- The median value for Houses in Merton is $1,489,441.
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