1308 Hakataramea Valley Road, Hakataramea Valley, Waimate

Nestled at the heart of the Hakataramea Valley, this expansive 247.79ha Freehold property, with an additional approximately 62.41ha of Accretion land, is a gem in the pastoral landscape. The property, located 11km north of Kurow township, boasts a mix of Wakanui silt loam and Rangitata stony sandy loam soils, with 180ha under pivot irrigation via two 13 span Zimmatic pivots. Future irrigation plans promise to enhance the productivity of a further 129ha. Watered reliably by the Hakataramea Downs Irrigation Company at a cost-effective average of $612/ha over five years, the irrigated block is divided into 25 paddocks, with 30ha dedicated to fodder beet and the balance to pasture. The dryland block features 45ha of established lucerne, served by an all-weather lane. The property is complemented by a five-bedroom house, a self-contained unit, and various support sheds and garaging. Historically used as a dairy support unit, it offers diverse farming options and potential for further irrigation development. The capital value has seen a notable increase of 16.67% from $3,840,000 in 2019 to $4,480,000 in 2022, with the HouGarden AVM estimating a value of $4,062,500. The latest sale was recorded at $4,500,000 in 2024, a significant jump from the previous sale of $820,000 in 2013. Educationally, the property falls within the zones of the highly rated Craighead Diocesan School (Decile 9) and Roncalli College (Decile 7), ensuring quality education for the family.

This large-scale irrigated dairy support property is a rare find and deserves your prompt attention.

Updated on April 11, 2024