This outstanding farm and family lifestyle holding is located just 30-minute east of Albury.

Once the centre of a major district pastoral station, "Old Toonallook" comprises a single title of 104 hectares (or 257 acres) with bitumen-road access.

History indicates that in the 1870s the property was a stopping and stabling place of Cobb & Co with several structures believed to date to this era remaining on the property including what is thought to have been the stables.

An original stone gate entry is now thought to be where the coaches one entered.

But the real feature is the homestead that includes a part of the original weatherboard structure from the 1870s set in an established lawn and garden area including several substantial peppercorn trees.

Built in 1925 to replace an original fire-damaged portion, it is a classic and gracious farm homestead ideally suited for family living.

It offers four bedrooms, two with ensuites, expansive living spaces, a true farm kitchen, wood heaters and a large underground wine cellar with trap door entry.

The homestead is adjoined by a separate one-bedroom building with kitchen and services that ideally suits overflow accommodation, a retreat or it could form an Airbnb opportunity.

There is also the original farm slaughterhouse and cool room which could be converted to suit a range of purposes.

The farm is an amphitheatre-type landform with a double frontage to the seasonal Fowlers Creek from where the land rises from the creek flats to scenic undulating country.

The soils are sandy granite loam. Recent soil tests confirm a strong bank of phosphorus has been built up.

Fenced into 11 paddocks, the vendor has run up to 70 breeder cattle and last summer engaged a contractor to cut 95 large round bales of hay.

Reliable water is an important feature with five paddock dams the principal one being a significantly sized, reliable and recently cleaned out, a spring fed catchment reservoir up to seven metres in depth, from where water is pumped to an elevated concrete tank with all paddock and garden water fed back by gravity.

There is a substantial complex of useful farm buildings including a large hayshed, two machinery sheds, plus garaging and storage, chicken and dog runs plus the original stables.

There is also the functional steel shearing shed with four stands and significant undercover holding yards.

There is also a comfortable four-bedroom cottage away from the homestead with its own driveway that is currently leased at $250 a week.