OFF MARKET

3 Dixon Street
Cressy VIC 3322

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 106m2
Land area: 1086m2
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Last updated 11 Nov 2024
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Property Details for 3 Dixon St, Cressy

3 Dixon St, Cressy is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 1086m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in March 2021.

Building Type
House
Year Built
1970
Floor Size
106m2
Land Size
1086m2
Local Government
Colac Otway
Lot/Plan
10/LP5484

Last Listing description (July 2021)

Nestled in quiet Dixon Street is this delightful 2 bedroom home in Cressy, just half an hours drive from Colac. A tremendous opportunity for the keen investor, this property is within 45 minutes drive of both Geelong and Ballarat and boasts over 1000 square metres of land with a landscaped and well maintained garden, complete with plenty of shade trees.

The two generously sized bedrooms have large west facing windows that allow natural light into the space. The living area is suited for every climate the south west can create with wood fire heating as well as a reverse cycle unit that will keep the house comfortable year round. The living space opens out onto sheltered decking that overlooks the beautiful farmland as it stretches out to the west of the Cressy township.


The bathroom includes a large bath, shower with glass screen doors, and vanity, as well as a large wall mounted mirror that enlarges the space. The bathroom is comfortable and functional with ample storage both above and beneath basin.

Completed by a comfortably sized laundry area and a study nook with connected NBN infrastructure, this property is a brilliant prospect for investors looking to generate immediate income, or buyers looking for a quiet weekend escape from the city a mere 1 and a half hours drive from Melbourne.

A separate, sizeable two car garage sits at the end of the driveway with secure roller doors to keep vehicles and storage safe and an attached garden shed means that any need for storage is not left wanting.
Potential yield in this area for investors is favorable with high market demand for rental properties and the fact that it is currently tenanted means that benefits are immediate.

Contact our agent today to register your interest and give yourself a chance to pick up this delightful opportunity. 52 31 31 31

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Property History for 3 Dixon St, Cressy, VIC 3322

A timeline of how this property has performed in the market
Last Sold
$275,000
31 Mar 2021
Listed for Rent
04 Jun 2019
  • 31 Mar 2021
    Sold for $275,000
  • 15 Feb 2021
    Listed for Sale SOLD - $275,000
  • 15 May 2019
    Listed for Rent - Price not available
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About Cressy 3322

The size of Cressy is approximately 115.8 square kilometres. The population of Cressy in 2011 was 433 people. By 2016 the population was 172 showing a population decline of 60.3% in the area during that time. The predominant age group in Cressy is 70-79 years. Households in Cressy are primarily childless couples and are likely to be repaying $450 - $599 per month on mortgage repayments. In general, people in Cressy work in a managers occupation. In 2011, 85.4% of the homes in Cressy were owner-occupied compared with 77.6% in 2016..

Cressy has 239 properties. Over the last 5 years, Houses in Cressy have seen a 45.38% increase in median value. As at 31 October 2024:

  • The median value for Houses in Cressy is $363,555.
There are currently 3 properties listed for sale, and no properties listed for rent in Cressy on OnTheHouse. According to CoreLogic's data, 10 properties were sold in the past 12 months in Cressy.

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