Talk about options galore! On offer is a very rare and exciting opportunity to secure two houses on the one residential block in the tightly held and beautiful southwest Victorian township of Derrinallum. Whether you're looking for extra space for extended family or the chance to earn additional income through short or long term rental, this unique property will most definitely to appeal to a board range of buyers.
The main residence, with street frontage, offers 3 generous sized bedrooms with BIR's, the master with WIR and ensuite. While the open plan living/kitchen/dining area ensures an easy and casual modern day lifestyle, with the kitchen offering all of todays conveniences including an electric wall oven and gas cooktop along with a dishwasher and dedicated pantry. Enjoy direct views to picturesque Mount Elephant while relaxing on the front verandah or spend time on the north facing rear deck with your favourite book, the choice is yours.
The fully self contained cottage, positioned at the rear of the property, offers 2 bedrooms and a central bathroom, with the second bedroom an ideal children's room or study. The open plan living/kitchen/dining area along with a north facing private rear deck make this versatile cottage perfect for an array of options including additional space for extended family, rental accommodation or a home based business STCA, the possibilities are endless.
Positioned on a generous 1,000 sqm approx sized block, both houses offer functional low maintenance living with split systems and ceiling fans for year round comfort, and with the added bonus of solar systems, garden water tanks and raised veggie patches to help lower everyday living costs, this property definitely ticks a lot of boxes. Add an oversized single car garage along with two garden sheds and all of your storage needs are taken care of.
Situated on the Hamilton Highway, Derrinallum is perfectly positioned and within easy reach of regional cities, Geelong, Ballarat or Warrnambool. Locally you are moments away from a refreshing hike up Mount Elephant, and only a few minutes drive to boating, water skiing or fishing at Deep Lake. A little further afield takes you to natural attractions of the Great Ocean Road and The Grampians National Park making this locale a solid base for exploring all the stunning natural attractions this country district has to offer.
A rental appraisal for both houses is available on request. Don't miss the opportunity to secure this very unique property, contact the listing agents today to organise an inspection.
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 73.27% increase in median value, while Units have seen a 307.02% increase. As at 30 November 2024:
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