OFF MARKET

20 Hoveys Road
Barongarook West VIC 3249

Bedrooms: 4
Bathrooms: 3
Car spaces: 3
Floor area: 228m2
Land area: 40000m2
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Property Details for 20 Hoveys Rd, Barongarook West

Building Type
Commercial
Year Built
2010
Floor Size
228m2
Land Size
40000m2
Local Government
Colac Otway
Lot/Plan
2/LP125304

Last Listing description (November 2024)

Introducing Otway Estate Cabins ? a stunning retreat situated within 10 acres (4.048 hectares) of the beautiful Barongarook landscape. This unique destination features three luxurious cabins, designed to offer an escape into nature with every cabin providing space and tranquillity. The cabins are spaced apart ensuring privacy, are fully furnished and equipped, featuring open floor plans, free-standing wood fires, full kitchens, designated dining areas and private decks. Cabin 1 provides wonderful space and comfort, boasting two bedrooms complete with a captivating glass-ceiling 4-person spa room. Cabins 2 and 3, each provide open floor plans, sunken spas and intimate bedrooms. Set on the edge of the vineyard, these cabins feature a wonderful backdrop of bushland, charming guests with their engaging blend of warmth, comfort and elegance.
Currently thriving as a successful Airbnb business with excellent occupancy rates, Otway Estate Cabins offers a promising opportunity for investors, complete with a license to sell and produce alcohol onsite. The property provides an established and well-equipped shed (12.5 m x 27.6 m) with concrete floor, and 3-power connected - encompassing a Kitchenette, office/cellar door, shower and toilets. The property also features additional multi-purpose shedding. In addition to these captivating accommodations and shedding, the estate encompasses an aged vineyard, covering approximately 5.4 Acres (2.2 Ha).
This wonderful combination within a pristine private location provides an enviable opportunity and potential for an astute buyer looking for a slice of paradise where an abundance of wildlife including koalas, wallabies, kangaroos and native birds roam free.

NOTE: Open home on Sunday the 27th of October 2024 between 2:00 ? 3:00 pm

Property History for 20 Hoveys Rd, Barongarook West, VIC 3249

A timeline of how this property has performed in the market
Last Sold
$795,000
12 Oct 2021
  • 27 Nov 2024
    Listed for Sale $1,250,000
  • 26 Aug 2024
    Listed for Sale Not Disclosed
  • 16 Jan 2024
    Listed for Sale Not Disclosed
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About Barongarook West 3249

The size of Barongarook West is approximately 49.4 square kilometres. It has 2 parks covering nearly 19.7% of total area. The population of Barongarook West in 2011 was 285 people. By 2016 the population was 226 showing a population decline of 20.7% in the area during that time. The predominant age group in Barongarook West is 50-59 years. Households in Barongarook West are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Barongarook West work in a trades occupation. In 2011, 86.2% of the homes in Barongarook West were owner-occupied compared with 85.4% in 2016..

Barongarook West has 165 properties. Over the last 5 years, Houses in Barongarook West have seen a 69.07% increase in median value. As at 30 November 2024:

  • The median value for Houses in Barongarook West is $927,364 while the median value for Units is $432,226.
There are currently no properties listed for sale, and no properties listed for rent in Barongarook west on OnTheHouse. According to CoreLogic's data, 7 properties were sold in the past 12 months in Barongarook west.

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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.