A 23-acre vineyard has hit the market for less than Australia’s median unit price, offering considerable value for buyers looking to make a tree change.
Situated about two hours from Melbourne, the rural property at 1819 Sunraysia Highway, Redbank has been listed for sale with a price guide of $545,000 to $565,000.
That’s about $165,000 less than the cost of a typical Australian apartment, making it a tempting proposition for buyers looking to escape the city.
The property features an established boutique vineyard, offering budding winemakers an ideal starting point for their viticulture journey.
About 5.5 acres were planted with 1000 vines in 2023, producing low-yield, high-quality shiraz.
Also included is a purpose-built cellar door featuring a tasting room, cool room and storage facilities.
The property also has a variety of agricultural infrastructure including multiple dams, rainwater tanks and sheds.
A charming two-bedroom stone cottage complete with a modern kitchen, wood fireplace and timber deck rounds out the package.
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Selling agent Kate Ashton of Ballarat Real Estate Maryborough said the property was a great value option for buyers looking at setting up their own wine label.
“It’s a great lifestyle opportunity, or if someone wants it for a weekender or business proposition, it’s available,” she said.
“It’s off the main highway so it’s very easy to find, but the house is set back beautifully so you get that privacy.”
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Ms Ashton said the owners had previously produced shiraz, rose, sparkling rose and sparkling shiraz wines.
“The vineyard tasks are pruning in winter, spraying in spring, netting and watering in summer and harvesting in autumn,” she said. “They’ve already been pruned this year by hand.”
“Harvest is done around March to April. The owners would have harvest parties with friends and family.”
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Winemaking equipment and existing red wine stock is also available for sale to the successful purchaser by separate negotiation.
“They’ve sold some equipment off but there are still some items for the successful purchaser,” Ms Ashton said.
The property is located in the Pyrenees wine region, a cool-climate growing area known for its full-bodied red wines.
It derives its name from the mountain range that divides France and Spain, of which early European explorers were reminded when they encountered the area’s hilly terrain.
“It’s a great area with walking tracks, gold prospecting and bike riding,” Ms Ashton said.
The first open home will be held on August 29.
This article was originally published on realestate.com.au. Discover more stories. Read the latest property news at REA Group.
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