OFF MARKET

20 Main Street
Derrinallum VIC 3325

Bedrooms: 2
Bathrooms: 2
Car spaces: 3
Floor area: 3m2
Land area: 277m2
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Property Details for 20 Main St, Derrinallum

Building Type
Commercial
Floor Size
3m2
Land Size
277m2
Local Government
Corangamite
Lot/Plan
2/LP69317

Last Listing description (November 2016)

Freehold shop and dwelling to be sold on a WIWO basis with everything included - business, stock, plant and equipment you will be hard pressed to find better value. Situated on 3 titles with a combined area of 1,239m2 with frontage to the Hamilton Highway with about 2500 vehicles passing everyday this business offers potential growth that is only limited by your imagination. Presently operating as a Convenience Store, News Agency, DVD Hire, Take Away and as Agents for Dry Cleaning, Fishing Licences and VLine there are many reasons for customers to stop by. Shop space is so large it offers potential for sub letting or expansion into other enterprises. Other features include two offices, two cool rooms and a comfortable 3 bedroom residence, a second two bedroom dwelling (in need of repair) and sundry GI shedding and rear lane-way access.

Property History for 20 Main St, Derrinallum, VIC 3325

A timeline of how this property has performed in the market
Last Transferred
21 Dec 2021
  • 21 Dec 2021
    Transferred
  • 30 Jun 2016
    Listed for Sale $160,000
  • 18 Dec 2012
    Listed for Sale $329,000
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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.

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