5 Orana AvenueBright VIC 3741
Property Details for 5 Orana Ave, Bright
5 Orana Ave, Bright is a 2 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 626m2. While the property is not currently for sale or for rent, it was last sold in April 2021.
Last Listing description (February 2015)
Investment opportunity!
Excellent opportunity for the investor or holiday maker, offered for sale for the very first time are 2 compact one bedroom flats that each have a secondary partitioned room, currently utilised as a second sleeping area. Open plan living dining and kitchen and a combined bathroom/laundry. There is ample space to the rear of the property for possible expansion (STCA) a carport at the rear gives undercover parking for two vehicles. The current owners utilise one flat for personal holiday accommodation and the second flat is rented out permanently. A perfect opportunity to start your investment portfolio. There is a vacant block adjacent to this property which is also available for purchase 625m2 in size which could give a very generous area of 1250m2 of land in total perfect a small development opportunity.
Additional feature/s - level lawn.
Property History for 5 Orana Ave, Bright, VIC 3741
- 27 Apr 2021Sold for $470,000
- 13 Oct 2015Sold for $205,600
- 30 Mar 2015Sold for $140,000
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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 2,278 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.
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