SOLD
Sold on 22 Dec 2023 for $190,000

2D Banksia Street
Bemm River VIC 3889

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1267m2
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Property Details for 2d Banksia St, Bemm River

Building Type
Land
Land Size
1267m2
Local Government
East Gippsland
Lot/Plan
1/PS524834

Last Listing description (March 2024)

POSITION, POSITION, POSITION. LOCATED A SHORT STROLL FROM THE WATER AND THE PUB, THEY DON'T GET MUCH BETTER THAN THIS...

Approximately 1312 Square Meters
Existing 12m X 6m Shed

Existing 1 Bedroom Cabin (Original Bemm River School House)
Power Connected
Water Connected
Reticulated Sewage Available
Perfect Flat Building Block

Utilise the existing Cottage and Shedding for a basecamp in one for the best fishing spots in Victoria or build yourself a new ranch here and call it home. Either way, this block has a great location and provides loads of potential for a new owner.

In addition to the existing structures, there are frames, roofing iron, and windows that come with the land that could be used to renovate the shed into a more liveable shack for holidaying, or put into use on a new build to cut the costs (you will need to assess the building materials to determine the viability and usability as they have been stored here for some time).

Whether holidaying or looking for a more permanent option in Bemm River, this block must be inspected. Please contact Luke Oakley with Orbost real Estate on 0457 600 895 for further information.

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

A timeline of how this property has performed in the market
Last Sold
$190,000
22 Dec 2023
  • 22 Dec 2023
    Sold for $190,000
  • 05 Aug 2023
    Listed for Sale $199,000
  • 25 Nov 2019
    Sold for $95,000
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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 45.78% increase in median value. As at 31 October 2024:

  • The median value for Houses in Bemm River is $353,198 while the median value for Units is $308,141.
There are currently 1 property 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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Elders Real Estate Orbost
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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.