OFF MARKET

1/155 Bay Road
Eagle Point VIC 3878

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 100m2
Land area: 245m2
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Property Details for 1/155 Bay Rd, Eagle Point

1/155 Bay Rd, Eagle Point is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 245m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in November 2022.

Building Type
Unit
Year Built
1980
Floor Size
100m2
Land Size
245m2
Local Government
East Gippsland
Lot/Plan
5/PS603393

Last Listing description (August 2024)

Welcome to Unit 1/155 Bay Road, Eagle Point - a modern gem nestled in one of the most picturesque locales. Eagle Point, renowned for its striking red limestone cliffs and the iconic Mitchell River silt jetties, attracts tourists from far and wide. This freshly painted unit is an excellent opportunity for both investors and retirees seeking tranquillity and convenience.

Boasting direct access to Lake King with a private jetty berth, this home invites you to embrace a lifestyle by the water. The unit features two spacious bedrooms, each with built-in robes, while the second bedroom offers glass sliding door access to the charming front courtyard.

The heart of the home is the modern kitchen, equipped with electric cooking and a dishwasher, seamlessly flowing into the open-plan living area. The combined bathroom and laundry are designed for practicality and ease of use.

Comfort is assured with a split system, ensuring a pleasant climate year-round. A single garage with an automatic door provides secure parking, and the rear north-facing courtyard offers a serene space for relaxation.

This low-maintenance property is perfect for those seeking a hassle-free lifestyle. With a rental estimate of $320 per week and an estimated yield of 5.12%, it presents an excellent investment opportunity. Don't miss the chance to make this exceptional unit your new home or investment.

Contact Shaun Carr on 0455 540 207 for your inspection.

*Please note that virtual furniture shown is for visualisation purposes only.

View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist

Property History for 1/155 Bay Rd, Eagle Point, VIC 3878

A timeline of how this property has performed in the market
Last Sold
$265,000
15 Nov 2022
Listed for Rent
$265/w
19 May 2021
  • 18 Jul 2024
    Listed for Sale Not Disclosed
  • 15 Nov 2022
    Sold for $265,000
  • 20 Oct 2022
    Listed for Sale $265,000
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About Eagle Point 3878

The size of Eagle Point is approximately 18.9 square kilometres. It has 2 parks covering nearly 1.8% of total area. The population of Eagle Point in 2011 was 737 people. By 2016 the population was 1,109 showing a population growth of 50.5% in the area during that time. The predominant age group in Eagle Point is 60-69 years. Households in Eagle Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Eagle Point work in a professional occupation. In 2011, 79.1% of the homes in Eagle Point were owner-occupied compared with 80% in 2016.

Eagle Point has 820 properties. Over the last 5 years, Houses in Eagle Point have seen a 71.68% increase in median value, while Units have seen a 63.85% increase. As at 31 July 2024:

  • The median value for Houses in Eagle Point is $604,747 while the median value for Units is $377,270.
  • Houses have a median rent of $493 while Units have a median rent of $240.
There are currently 19 properties listed for sale, and 2 properties listed for rent in Eagle point on OnTheHouse. According to CoreLogic's data, 32 properties were sold in the past 12 months in Eagle point.

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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.