HISTORIC Birroon Station passed in at auction and is now being offered for private sale at a lower price.

The 1296.3ha Gunning, NSW property was passed in at auction last week and has an asking price of $3.3 million.

The property was originally listed with a price range of $3.5-$4.15 million.

Birroon Station boasts fertile and productive grazing country and is located 2 1/2 hours' drive south of Sydney.

The property also boasts an impressive Victorian homestead.

Meares and Associates selling agent Sam Triggs said Birroon Station was "good value" and required limited further investment.