OFF MARKET

5/16 Park Street
Bright VIC 3741

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 76m2
Land area: 125m2
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Last updated 4 Nov 2024
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Property Details for 5/16 Park St, Bright

5/16 Park St, Bright is a 2 bedroom, 1 bathroom Unit and was built in 1985. The property has a land size of 125m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in September 2003.

Building Type
Unit
Year Built
1985
Floor Size
76m2
Land Size
125m2
Local Government
Alpine
Lot/Plan
5/SP30107

Last Listing description (April 2024)

This fantastic investment opportunity awaits here at 16 Park Street Bright. Available for purchase are two x 2 bedroom, 1 bathroom brick veneer units, separately titled, suited to both permanent or short-term occupancy, centrally located within 400m from Bright's town centre.

Unit 3 - $599,000.00

Single Storey. Comprising2 bedrooms with BIR's, 1 bathroom, a laundry, plus an open plan kitchen & living zone with split system heating & cooling and large windows allowing for natural light.

Outside you will be greeted by a peaceful fully enclosed rear courtyard with a mixture of decking & paved surfaces, plus low maintenance garden beds and garden shedding for added storage. A single carport is also attached under roofline.

Unit 5 - $629,000.00 - Currently Tenanted.

Double Storey. Comprising 2 double sized bedrooms on the upper level, both of which contain BIR's & an outlook to the surrounding mountains, with the ground floor consisting of a functional kitchen & dining space, living room, bathroom & laundry.

Outside features a fully enclosed rear courtyard & undercover outdoor entertaining zone, garden shedding plus a single carport attached.

Both Units are being offered for Sale separately. Contact Agent for further information.

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Property History for 5/16 Park St, Bright, VIC 3741

A timeline of how this property has performed in the market
Last Sold
$180,000
16 Sep 2003
Listed for Rent
$200/w
08 Jun 2012
  • 30 Jan 2023
    Listed for Sale $629,000
  • 30 May 2012
    Listed for Rent $200 / week
  • 23 Feb 2012
    Listed for Rent - Price not available
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About Bright 3741

The size of Bright is approximately 133.5 square kilometres. It has 14 parks covering nearly 35.2% of total area. The population of Bright in 2011 was 2,165 people. By 2016 the population was 2,423 showing a population growth of 11.9% in the area during that time. The predominant age group in Bright is 60-69 years. Households in Bright are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bright work in a managers occupation. In 2011, 68.8% of the homes in Bright were owner-occupied compared with 69.4% in 2016.

Bright has 2,224 properties. Over the last 5 years, Houses in Bright have seen a 73.28% increase in median value, while Units have seen a 32.89% increase. As at 31 October 2024:

  • The median value for Houses in Bright is $1,003,202 while the median value for Units is $491,821.
  • Houses have a median rent of $590 while Units have a median rent of $425.
There are currently 1 property listed for sale, and no properties listed for rent in Bright on OnTheHouse. According to CoreLogic's data, 56 properties were sold in the past 12 months in Bright.

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