70.63 HA Dual Income on the Ovens 174 Acres
A unique opportunity presents itself with this property located between Wangaratta and Yarrawonga backing onto the Ovens River at Peechelba. The property has dual income earning capacity which the current owner has enjoyed the benefits of over many years. It can be grazed or cropped and also has an Extraction Licence for mining quality River Sand from the Sand Pit / Quarry. Testing shows many years sand remains to be extracted. The property is gently undulating with seasonal watercourses and the Billabong Creek running though the property, divided into 5 main paddocks, 2 dams and underground water at 10ft, 25 inch rainfall, good fencing, wool / machinery shed, stock yards, power through property, sealed road frontage, and school bus at front gate. Being located just 15 minutes from all the fishing and water sports that Lake Mulwala has to offer, duel income potential and having a variety of potential house sites this property would be well worth an inspection if your seeking that lifestyle change, call Dave at Landmark Harcourts Wangaratta today
The size of Peechelba is approximately 79.6 square kilometres. It has 3 parks covering nearly 15.0% of total area. The population of Peechelba in 2016 was 184 people. By 2021 the population was 177 showing a population decline of 3.8% in the area during that time. The predominant age group in Peechelba is 50-59 years. Households in Peechelba are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Peechelba work in a managers occupation.In 2021, 88.80% of the homes in Peechelba were owner-occupied compared with 91.70% in 2016.
Peechelba has 124 properties. Over the last 5 years, Houses in Peechelba have seen a 147.85% increase in median value. As at 31 December 2025:
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