Property auction at Murmungee closes a chapter in local farming history in north east

The 38 hectare (93 acre) property is being offered by the estate of the last occupant of the farm who recently passed away at the age of 93.

He was the third generation of his family to own the farm.

Agents from Elders Rural of Wangaratta have listed Roses at Murmungee for an expected price of around $1.6 million when it goes to auction on the property on Wednesday, December 21.

The north east rural property is said to have good small farming and rural lifestyle appeal, just 10 minutes south of Beechworth.

The farm has an established garden and orchards surrounding the home and has been set up to run about 40 cattle and calves.

It features fertile, productive soils, a fully and quality fenced paddock subdivision with steel cattle yards, crush and loading ramp.

The three-bedroom brick home is in good condition and presents as a great renovation or upgrading opportunity to provide an ideal family or rural living opportunity.

The property also has two reliable springs which afford a good water supply for livestock and domestic purposes.

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Improvements include a hay shed, a two-stand shearing shed with a six by nine metre skillion extension which forms a machinery shed.

The previous owner was said to be a very keen gardener who created and maintained the garden and orchard areas surrounding the home.

Elders' Michael Everard said the property was generally popular with buyers.

"First there is the productive and useful land form of some size with established pastures and tree blocks in an attractive rural location," Mr Everard said.

"The original home while in sound liveable condition is the type of blank canvas that value can readily be added to by a renovation and some design flair by the new owner."

He said a property with these unique characteristics and appeal will be hard to locate in the current property market.

"This property will meet the demands of a buyer wanting to set up a livestock business or interest as all the needed facilities are already in place."

For more information contact Mr Everard on 0408 653161 or Dave Colvin on 0407 500239.

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