OFF MARKET

1-3 Main Street
Derrinallum VIC 3325

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 6074m2
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Property Details for 1-3 Main St, Derrinallum

Building Type
Commercial
Land Size
6074m2
Local Government
Corangamite
Lot/Plan
9~3/PP5239

Last Listing description (May 2023)

PRICE REDUCTION!

Fully updated & modernised premises along with the Plant & Equipment.


Land size allows for future development and being situated in the main street on a Major Highway, has great exposure!!

Locals, Clubs, Tradies and passing clientele provides a tidy return for operators.

Suite couple, family or entrepreneurial person wishing to enter this industry!

Property History for 1-3 Main St, Derrinallum, VIC 3325

A timeline of how this property has performed in the market
Last Sold
$490,000
10 Jan 2008
  • 30 Aug 2022
    Listed for Sale $945,000
  • 18 May 2015
    Listed for Sale $120,000
  • 01 Aug 2012
    Listed for Sale 165000
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About Derrinallum 3325

The size of Derrinallum is approximately 273.8 square kilometres. The population of Derrinallum in 2011 was 514 people. By 2016 the population was 397 showing a population decline of 22.8% in the area during that time. The predominant age group in Derrinallum is 60-69 years. Households in Derrinallum are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Derrinallum work in a managers occupation. In 2011, 73.7% of the homes in Derrinallum were owner-occupied compared with 80.3% in 2016.

Derrinallum has 312 properties. Over the last 5 years, Houses in Derrinallum have seen a 71.86% increase in median value, while Units have seen a 307.02% increase. As at 30 September 2024:

  • The median value for Houses in Derrinallum is $298,455 while the median value for Units is $227,955.
There are currently 3 properties listed for sale, and no properties listed for rent in Derrinallum on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Derrinallum.

Suburb Insights for Derrinallum 3325

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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.