OFF MARKET

557 Great Ocean Road
Bellbrae VIC 3228

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 42547m2
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Property Details for 557 Great Ocean Rd, Bellbrae

557 Great Ocean Rd, Bellbrae is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 42547m2. While the property is not currently for sale or for rent, it was last sold in May 2017.

Building Type
House
Land Size
42547m2
Local Government
Surf Coast
Lot/Plan
1/TP137665

Last Listing description (October 2018)

Set on 10 acres of privately owned land, 555 Great Ocean Road Bellbrae will suit the astute investor or lifestyle purchaser looking for guaranteed income to support the purchase.
From this spectacular site, perched above the valley, this special 10 acre parcel comprises a charming four bedroom residence that has an outstanding landscaped garden and grassed backyard taking in the bush views.
Incorporated on the property is the Bellbrae Art and Garden Centre which is being sold as an ongoing concern.

This is an outstanding opportunity to purchase an established property and a fully operational commercial investment. Unique in its town water connection, the multiple uses to utilise the existing residence, large scale shedding, car parking and established gardens are endless. Operations such as a brewery, cellar door/vineyard, restaurant, wedding venue or function centre would increase the revenue of the investment (STCA).
The lush garden setting of the property provides instant appeal from entering and the majestic trees are the areas trade mark.
Any new buyer would be purchasing a cash flow investment with the obvious potential of future development on the site subject to council approval. The size of the land, the beautiful serene outlook and close proximity to Geelong, Torquay, Anglesea and all passing traffic along the world famous Great Ocean Road provides essential ingredients to the future success of the property, weather in its current or an alternate future format.
The property is being sold on a walk- in-walk out basis and as an ongoing concern; everything is in place for a smooth transition of ownership with all the hard work already done. Including; three dams, ample water storage and large machinery shedding. This is an ideal investment for those who are considering a move to the coast, a lifestyle business investor, a buyer looking at potential development opportunities with cash flow and income to support the purchase.
Inspection is strictly by appointment only.
Contact Agent David North 0417 578 403 Ian Lawless 0409 258 792

Property History for 557 Great Ocean Rd, Bellbrae, VIC 3228

A timeline of how this property has performed in the market
Last Sold
$2,250,000
25 May 2017
  • 26 Jul 2018
    Listed for Sale SOLD - Price Withheld
  • 25 May 2017
    Sold for $2,250,000
  • 13 Jan 2017
    Listed for Sale $2,575,000 - $2,775,000

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About Bellbrae 3228

The size of Bellbrae is approximately 50.8 square kilometres. It has 2 parks covering nearly 0.4% of total area. The population of Bellbrae in 2011 was 813 people. By 2016 the population was 873 showing a population growth of 7.4% in the area during that time. The predominant age group in Bellbrae is 70-79 years. Households in Bellbrae are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bellbrae work in a professional occupation. In 2011, 83% of the homes in Bellbrae were owner-occupied compared with 83.6% in 2016..

Bellbrae has 656 properties. Over the last 5 years, Houses in Bellbrae have seen a 123.26% increase in median value. As at 30 November 2024:

  • The median value for Houses in Bellbrae is $2,718,117 while the median value for Units is $921,108.
There are currently 3 properties listed for sale, and no properties listed for rent in Bellbrae on OnTheHouse. According to CoreLogic's data, 12 properties were sold in the past 12 months in Bellbrae.

Suburb Insights for Bellbrae 3228

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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.