OFF MARKET

10 Bank Street
Avenel VIC 3664

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 122m2
Land area: 464m2
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Last updated 11 Nov 2024
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Property Details for 10 Bank St, Avenel

10 Bank St, Avenel is a 2 bedroom, 1 bathroom House. The property has a land size of 464m2 and floor size of 122m2.

Building Type
House
Floor Size
122m2
Land Size
464m2
Local Government
Strathbogie
Lot/Plan
1/TP116470

Last Listing description (October 2024)

This is a unique opportunity to purchase a property that has plenty of options.!
With a spacious 2-bedroom residence at the rear of the property surrounded by beautiful gardens and plenty of privacy, and a commercial shop front on the main street, previously known as the iconic "Avenel Meats".

Options could be:

* Reside in the residence at the rear, and maybe open your own shop at the front, or lease the shop front out.
* Keep the current tenant in place at the rear, and lease the front shop (purchase as an investment)

The front shop (vacant) is a blank canvas for any type of business, though previously run as a very successful high quality Butcher Shop.
Front Shop Front includes 2 cool rooms, 2 reverse cycle split systems, 2 display fridges, preparation room with stainless steel sink, 2 storerooms and toilet facilities.

The rear residence is a 2-bedroom, 1 bathroom home with an open plan design with separate laundry.
A spacious rear yard & quaint front garden with picket fence.

This is a property that offers plenty of opens and potential!

Property History for 10 Bank St, Avenel, VIC 3664

A timeline of how this property has performed in the market
  • 25 Jul 2024
    Listed for Sale $495,000 - $545,000
  • 19 Nov 2023
    Listed for Sale CONTACT AGENT

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About Avenel 3664

The size of Avenel is approximately 205.7 square kilometres. It has 3 parks covering nearly 0.2% of total area. The population of Avenel in 2011 was 1,047 people. By 2016 the population was 1,052 showing a population growth of 0.5% in the area during that time. The predominant age group in Avenel is 60-69 years. Households in Avenel are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Avenel work in a labourer occupation. In 2011, 77.2% of the homes in Avenel were owner-occupied compared with 78% in 2016.

Avenel has 859 properties. Over the last 5 years, Houses in Avenel have seen a 55.94% increase in median value. As at 31 October 2024:

  • The median value for Houses in Avenel is $608,596 while the median value for Units is $443,870.
  • Houses have a median rent of $463.
There are currently 3 properties listed for sale, and no properties listed for rent in Avenel on OnTheHouse. According to CoreLogic's data, 28 properties were sold in the past 12 months in Avenel.

Suburb Insights for Avenel 3664

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.