2428 Narrung Road, Narrung SA 5259

Farmhouse on 47ha | Lakeside position near Lake Alexandrina | 2-bed, 2-bath, 4-car | Rural holding with price growth since 2015 This property offers a rare combination of scale and location, with 47 hectares on the shores of Lake Alexandrina presenting a genuine lifestyle holding that is hard to replicate in the Coorong corridor. The 334-square-metre internal area provides generous living space for a farmhouse, while the four-car garage capacity supports both rural equipment storage and vehicle collection. For a buyer seeking a weekend retreat or permanent rural residence with water proximity, this property’s positioning near Narrung gives it an edge over smaller lifestyle blocks in the region, and the estimated value growth from $645,000 in 2015 to over $1.1 million signals steady demand for such holdings. The main risk is the two-bedroom configuration, which may limit resale appeal to families or those requiring guest accommodation, effectively narrowing the buyer pool. The property’s classification as a farmhouse means ongoing maintenance of land and buildings is a cost that cannot be avoided, and the absence of recent sales data makes near-term liquidity uncertain. However the lakeside positioning and scale offer opportunities for agistment, hobby farming, or future subdivision if council zoning allows. Hold this property as a lifestyle base with long-term capital growth potential rather than a quick trade.