OFF MARKET

7-15 Mcvean Street
Cressy VIC 3322

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Last updated 16 Dec 2024
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Property Details for 7-15 Mcvean St, Cressy

7-15 Mcvean St, Cressy is a 0 bedroom, 0 bathroom House. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
House
Local Government
Colac Otway
Lot/Plan
1/TP1799

Last Listing description (March 2023)

Titled block, 5,000sqm approx.

$250,000 in Colac buys you a 500sqm (approx.) residential block. Travel approximately 25 minutes north through the township of Beeac and the up and coming country town of Cressy awaits.

The same dollar amount in Cressy buys you 10 times the block size of Colac. Making this sale all the more alluring is the flexibility of building your dream home, enjoying all the space that a 5000sqm block provides or for the savvy investor, subdivision is absolutely possible in this township zoned land (STCA).
An ideal block to build on as it's as flat as a pancake and dimension wise 100m long x 50m wide as shown in the photos. With power and town water already there, this makes this an absolute no brainer for those first home buyers to get their foot into the market as well as an investor who can see the development potential.

Woady Yaloak river is only minutes walk away and winds its way around Cressy where you can enjoy some delightful walking tracks. Walking distance to the local general store and the old primary school, easy access onto the Hamilton Highway getting you to Ballarat and Geelong in approximately 45 minutes.
The world famous Beeac pub is open 7 days with the best pub grub in country Victoria and is only 10 minutes down the road!

This block is titled and ready for you to build your dream country home. Pop out and inspect this great value plot of land and call Nathan to secure this opportunity.

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Property History for 7-15 Mcvean St, Cressy, VIC 3322

A timeline of how this property has performed in the market
Last Sold
$225,000
25 Feb 2023
  • 02 Mar 2023
    Sold for $225,000
  • 13 Jan 2023
    Listed for Sale $225,000
  • 20 May 2022
    Sold for $248,000
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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 241 properties. Over the last 5 years, Houses in Cressy have seen a 56.15% increase in median value. As at 30 November 2024:

  • The median value for Houses in Cressy is $355,992.
There are currently 2 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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