OFF MARKET

2 Banksia Street
Bemm River VIC 3889

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 86m2
Land area: 583m2
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Property Details for 2 Banksia St, Bemm River

2 Banksia St, Bemm River is a 3 bedroom, 1 bathroom House. The property has a land size of 583m2 and floor size of 86m2.

Building Type
House
Floor Size
86m2
Land Size
583m2
Local Government
East Gippsland

Last Listing description (July 2017)

With beautiful views of the Sydenham Inlet, this neat, tidy and well looked after property is the Bemm River retreat you are looking for. Sold fully furnished, the three bedroom cottage presents a perfect opportunity for a holiday home, investment or permanent living. Including extra sleep out, room for cars, boats and only a short walk to lake, boat ramp and the Bemm River Hotel. Currently used as holiday residence ($160 per day). 'The Cottage' is listed on a popular online booking system and it shares registered domains bemmriverholidayhouses.com.au and be mmriveraccommodation.com.auand a promotional website with the neighbouring 'Lake House'. Ongoing holiday management is available by negotiation with the neighbour.

Property History for 2 Banksia St, Bemm River, VIC 3889

A timeline of how this property has performed in the market
  • 10 May 2017
    Listed for Sale $225,000

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About Bemm River 3889

The size of Bemm River is approximately 271.9 square kilometres. It has 4 parks covering nearly 97.1% of total area. The population of Bemm River in 2011 was 288 people. By 2016 the population was 58 showing a population decline of 79.9% in the area during that time. The predominant age group in Bemm River is 70-79 years. Households in Bemm River are primarily childless couples and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Bemm River work in a trades occupation. In 2011, 82.3% of the homes in Bemm River were owner-occupied compared with 60% in 2016..

Bemm River has 146 properties. Over the last 5 years, Houses in Bemm River have seen a 33.89% increase in median value. As at 30 November 2024:

  • The median value for Houses in Bemm River is $362,763 while the median value for Units is $308,141.
There are currently 2 properties listed for sale, and no properties listed for rent in Bemm river on OnTheHouse. According to CoreLogic's data, 4 properties were sold in the past 12 months in Bemm river.

Suburb Insights for Bemm River 3889

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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.