For Sale

555 Mirboo - Yarragon Road, Allambee Reserve, Vic 3871

$920,000

Other

Type

Bedrooms

Bathrooms

Parkings

70.82 ha

Area

Published on Tuesday, September 22, 2026 ( See property details for 555 Mirboo - Yarragon Road, Allambee Reserve, Vic 3871)

$920,000

Irene Walker Licensed Estate Agent

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile grazing property in the high rainfall Strzelecki Ranges offering lifestyle, income potential, and scenic views.

🏡 Property Highlights

Productive grazing land with undulating to steep terrain and sheltered gullies
Established 2-bedroom, 1-bath home with garden and wood heater
Multiple dams, including spring-fed, with water infrastructure for livestock and garden
Stock yards with cattle crush, loading race, and sheep pens for efficient management
Potential income through cattle and sheep grazing or leasing opportunities
Prime location within high rainfall Strzelecki Ranges, close to Mirboo North, Leongatha, and Warragul

✨ Key Features

Water tank
Open-Plan Living
Built-in Robes
Shed
Outdoor Area
Garage
Fireplace
Workshop
Balcony
Security Screens / Gates

Suburb and Property Insights of Allambee Reserve, VIC 3871

Allambee Reserve offers a peaceful rural lifestyle within the scenic Strzelecki Ranges, renowned for its high rainfall and lush grazing land. The area provides a tranquil environment ideal for cattle and sheep farming, outdoor recreation, and enjoying panoramic valley views. Its proximity to Mirboo North, Leongatha, and Warragul ensures convenient access to regional amenities, while the natural beauty and productive land make it a desirable location for lifestyle and income generation.

Frequently Asked Questions

What is the current condition of the property and home?

The property features a modest 2-bedroom, 1-bath home with a wood heater and RC/AC, set within an established garden. The land is undulating to steep, with some fencing requiring work, and improvements such as dams and stock yards are in place.

What are the water supply and infrastructure features?

The property has seven dams, including spring-fed dams, with one dam feeding a header tank for garden use and two troughs for livestock. Water infrastructure supports both the home and farming activities.

Is the land suitable for grazing cattle and sheep?

Yes, the land is suitable for grazing cattle and sheep, with a potential carrying capacity of approximately 20 DSE per hectare, and includes stock yards with cattle crush and sheep pens.

What improvements or upgrades are recommended for the property?

Some internal fencing and tracks may require work, and there is scope for improvements such as dam cleaning and track reforming to enhance usability and productivity.

What is the location and accessibility of the property?

Located in Allambee Reserve, the property is approximately 20 minutes from Mirboo North, 35 minutes from Leongatha or Warragul, and about 1 hour 40 minutes from Melbourne CBD.

What to ask about this property to agent?

Are there any zoning restrictions or easements affecting the property? What are the ongoing costs for maintenance of dams, fencing, and infrastructure? Are there any planned developments or nearby construction that could impact the property? Has the property been tested for flood or bushfire risks? Are there any existing issues with boundary or internal fencing that need urgent repair? Is the water supply from dams sufficient for future expansion or increased livestock? Are there any restrictions on land use or leasing arrangements? What are the conditions of the internal fencing and tracks that require work? Are there any environmental or conservation restrictions in the area? Is the property compliant with local building and land use regulations?

555 Mirboo - Yarragon Road, Allambee Reserve, Vic 3871 - More Details

$920,000

Allambee Reserve is situated in the high rainfall Strzelecki Ranges of South Gippsland, and it is here we present a grazing property offering affordable entry into farming.
Ideal for cattle, sheep and lifestyle pursuits for those who love the adventures of motorbike riding, camping or simply enjoying the views across the valley all the way to the coastline.

A 2 bed, 1 bath modest home in productive garden of fruit and citrus tree's makes for an ideal permanent or weekender home.

The Property is considered undulating to steep grazing, so it is for the considered buyer, the reward is the productive nature of this country in a secure high rainfall district. Run your own cattle or lease out to bring in income.

There is scope here with some considered improvements, nothing a dozer wouldn't make light work of, cleaning out dams, reforming the tracks that run through the property, and fencing where required.

- 69 hectares / 170 acres*
- Undulating to steep grazing with sheltered warm gullies
- Open hill country grazing with 2 paddocks (a hay paddock of approx. 20 acres)

- 7 dams including spring fed (1 dam feeds to a header tank at house for garden and 2 troughs)
- Stock yards with cattle crush, loading race and smaller pens suitable for sheep
- Boundary fencing is good with internal fencing requiring work

- Currently running sheep, and cattle on a low input scale
- Potential carrying capacity guide* 20 DSE / ha 2.5 AE / ha
- Allambee Reserve has an annual rainfall of 1052mm / 42 inches *
- 2 bed, 1 bath home with wood heater, RC/AC set in established garden

- Lock up shedding / workshop with power and a hay shed
- Central location 20 min. to Mirboo North, 35 to Leongatha or Warragul and 1hr 40min. to Melbourne CBD.

There is opportunity here and whilst not considered tractor friendly in most parts it is well suited to grazing cattle and sheep, nature reserve or a weekend 4wd and motorbike riding property with income potential.

For further information please contact Irene Walker at SEJ Livestock & Real Estate 0429 045 632
*Denotes approximately

Type: Other
Bedrooms: 2
Bathrooms: 1
Parkings: 4
Area: 70.82 ha

Map & nearby places — 555 Mirboo - Yarragon Road, Allambee Reserve, Vic 3871

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