With approximately 535 acres, an historic double-brick circa 1890s four bedroom homestead, and various unfrastructure for cattle and other grazing livestock, this property is actually being offered up for its development potential.

"Just a short seven minute drive north of Goulburn's CBD, Falconwood presents an outstanding opportunity to acquire a development-approved property for eight allotments with commencement granted," said agent Ray Croker.

The main homestead is on one of the lots, while the other seven range in size from about 25 acres to around 126 acres. The location can be found "nestled in foothills of the Cookbundoon Range, abundant with wildlife and game."

The aforementioned homestead features high ceilings, picture rails, ornate fireplaces, lounge and dining rooms, a kitchen and meals area, as well as a large laundry and mud room. There are three large bedrooms while the fourth bedroom could just as easily be used as an office, and outside there is a three bay carport and many water tanks.

The property overall has "attractive and scenic cleared lands with shade trees rising to private timbered slopes on the east and north boundaries, and outstanding views throughout."

Also as it is, water security is a highlight with a either high-yield bore, dam or trough to 12 paddocks. There's also a large lockable machinery shed with mains power and a tractor bay, cattle yards to handle 50 head with a crush, loading ramp and easy access to Taralga Road, a shearing shed with additional undercover storage and yards, a 30 tonne silo, and a "private quarry on the property useful for development and roads."