157 Elizabeth StreetEdenhope VIC 3318
Property Details for 157 Elizabeth St, Edenhope
Last Listing description (July 2019)
This is a truly fabulous opportunity for an operator to buy in at a very affordable price. Whilst it is a fully functioning motel and licenced restaurant, it is also a blank canvas. There is a good long lease in place, which provides comfort for you to invest and really make it your own.
- Huge opportunity for growth
- 13 units
- Licenced restaurant
- Only motel in town
- Long 26-year lease
- Main street frontage
- Property inspections are by appointment only
Property History for 157 Elizabeth St, Edenhope, VIC 3318
- 30 Mar 2021Transferred
- 02 Jul 2019Listed for Sale $120,000
- 17 Aug 2007Sold for $355,000
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0About Edenhope 3318
The size of Edenhope is approximately 498.7 square kilometres. It has 8 parks covering nearly 3% of total area. The population of Edenhope in 2011 was 976 people. By 2016 the population was 943 showing a population decline of 3.4% in the area during that time. The predominant age group in Edenhope is 60-69 years. Households in Edenhope are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Edenhope work in a managers occupation. In 2011, 71% of the homes in Edenhope were owner-occupied compared with 74.7% in 2016.
Edenhope has 832 properties. Over the last 5 years, Houses in Edenhope have seen a 115.31% increase in median value, while Units have seen a 117.19% increase. As at 31 October 2024:
- The median value for Houses in Edenhope is $249,877 while the median value for Units is $418,609.
- Houses have a median rent of $273.
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