5266 Midland HighwayElaine VIC 3334
Property Details for 5266 Midland Hwy, Elaine
5266 Midland Hwy, Elaine is a 2 bedroom, 1 bathroom House. The property has a land size of 1011m2. While the property is not currently for sale or for rent, it was last sold in July 2014.
Last Listing description (December 2024)
Very rarely does an opportunity like this become available. A two bedroom residence with an investment income stream attached. Located in a high exposure area, in a growing community with a new development recently sold and titled this exciting opportunity awaits.
The property features:
General Store - Open Monday to Sunday, The Elaine General Store is a landmark of the town and is the main gathering point for the locals. Complete with indoor and outdoor seating, two toilets, split system heating and cooling, fridges and pie warmer. Loads of storage, bench space and kitchen appliances.
The House - Two generously sized bedrooms, study, living room, kitchen and an updated bathroom.
Petrol Stations - Three near new petrol bowsers - one diesel pump - which are all compliant and up to code.
Rear room - A blank canvas space with loads of potential for the buyer. Inside the space features a cafe style setup with coffee machines, bar, powder room. split system heating - outside there is an undercover alfresco area, large shed with power and concrete, pizza oven and stage setup. This area has great potential for a cafe, wine bar or beer garden!
Sold with Vacant Possession.
With major highway exposure located in between Ballarat and Geelong - this is a wonderful opportunity, enquire today.
Property History for 5266 Midland Hwy, Elaine, VIC 3334
- 17 Dec 2024Listed for Sale $599,000- $649,000
- 08 May 2024Listed for Sale $649,000
- 11 Feb 2015Listed for Sale POA
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About Elaine 3334
The size of Elaine is approximately 105.7 square kilometres. It has 1 park covering nearly 0.1% of total area. The population of Elaine in 2011 was 328 people. By 2016 the population was 240 showing a population decline of 26.8% in the area during that time. The predominant age group in Elaine is 50-59 years. Households in Elaine are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Elaine work in a labourer occupation. In 2011, 77% of the homes in Elaine were owner-occupied compared with 79.7% in 2016..
Elaine has 182 properties. Over the last 5 years, Houses in Elaine have seen a 77.83% increase in median value, while Units have seen a -48.26% decrease. As at 30 November 2024:
- The median value for Houses in Elaine is $854,002 while the median value for Units is $432,452.
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