SOLD
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Sold on 17 Jan 2024 for $475,000

5275 Midland Highway
Elaine VIC 3334

Bedrooms: 1
Bathrooms: 1
Car spaces: 4
Land area: 2503m2
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Property Details for 5275 Midland Hwy, Elaine

5275 Midland Hwy, Elaine is a 1 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 2503m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 1 bedroom House sold in Elaine in the last 12 months.

Building Type
House
Land Size
2503m2

Last Listing description (January 2024)

Offering excellent exposure to the Midland Highway we are offering for sale the freehold or real estate which consists of a 216m2 factory and mudbrick showroom, Gallery & Gymnasium measure about 77m2 in size.

Established some 20 years ago, currently running as a successful leadlight and joinery product operation, once sold the business will be relocating.

The factory or warehouse offers a concrete floor, measures approx. 24m by 9m wide and incorporates a kitchen, bathroom, toilet and offices making it perfect for those wanting a live work space. The warehouse provides ample space to simply use as storage for classic cars, tools or toys.

The mudbrick showroom on site can be transformed into a new home design STCA and features a 5 kilowatt solar system, 2 phase power, NBN internet is connected, about 40,000L of tank water, electric hot water and septic system.

The land is just over half an acre ( 2493m2 ) with very level ground and zoned township under the Moorabool Shire Council. Nearby business include the general store, Railway Hotel, farm supplies, The farm gate shop and sports oval. Strategically positioned between Ballarat and Geelong, this property is easily accessible and offers a range of potential opportunities for the next owner. Whether you are looking to operate a business or utilize the property as a domestic residential property, this property has so much to offer.

Vendors are happy to consider settlement terms of up to 6 months or 180 days.

Ballarat's Best-Selling Team

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Property History for 5275 Midland Hwy, Elaine, VIC 3334

A timeline of how this property has performed in the market
Last Sold
$475,000
17 Jan 2024
  • 27 Dec 2023
    Sold for $475,000
  • 09 May 2022
    Listed for Sale $575,000 - $595,000
  • 08 Dec 1999
    Sold for $6,000

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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.
There are currently 1 property listed for sale, and no properties listed for rent in Elaine on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Elaine.

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