174 Tulley Road, Lima East VIC 3673

174 Tulley Road, Lima East VIC 3673
Period farmhouse | 2.25 ha near Benalla | walk-in walk-out option | 3 bed, 2 bath, 4 car | original-retreat character. This property offers a rare combination of period character and modern convenience on a substantial 2.25 hectare lot, a configuration that is increasingly scarce in the Lima East corridor. The walk-in walk-out option reduces buyer friction and positions the house as a turnkey rural retreat, appealing to those seeking immediate lifestyle use without renovation overhead. The 2013 purchase price suggests significant equity growth potential, supported by the nearby 2020 sale at $440,000 for a comparable land size. This property best serves buyers wanting a weekend escape or a low-maintenance rural base near Benalla, where land values have shown consistent upward pressure. The primary risk is the conflicting listing status, which may indicate a withdrawn or off-market opportunity requiring direct negotiation with the owner. The lack of recent sales data for this specific property means the buyer must rely on comparable transactions to anchor their offer. The 2.25 hectare block is large enough for hobby farming or future subdivision potential, but zoning and access should be verified. The four car spaces and period features add practical and aesthetic value but do not offset the need for a thorough building inspection. Hold this property as a lifestyle retreat or consider medium-term capital growth in a tightening rural market.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Lima East is a tightly held enclave where demand is driven by older, outright homeowners and childless couples, drawn by lifestyle and affordability within a regional catchment. The market is exceptionally thin, with fewer than five house sales annually, and the median price has settled at a level reflecting limited turnover rather than broad price discovery. Future growth hinges on the areaโ€™s appeal to those seeking a quieter, lower-density setting near a school and park, but constraints are significant: an overwhelming dominance of detached housing and a notable share of mortgaged owners signal sensitivity to rate shifts, while the lack of rental data underscores a market with minimal transactional depth.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

4

Land

2.25 ha

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