OFF MARKET

5280 Midland Highway
Elaine VIC 3334

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 4856m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 11 Nov 2024
Low

High
Save

Property Details for 5280 Midland Hwy, Elaine

5280 Midland Hwy, Elaine is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 4856m2. While the property is not currently for sale or for rent, it was last sold in April 2006.

Building Type
House
Land Size
4856m2
Local Government
Moorabool
Lot/Plan
5~1/PP5270

Last Listing description (July 2024)

A most unique opportunity presents itself here with the chance to own the famed Railway Hotel in Elaine with Front bar, Bistro, accommodation, beer garden and the added benefit of 4856m2 township land across 2 separate titles with dual street frontages for further development (STCA).

The famed establishment has a rich 150-year-old history and with it being set on the highway in between 2 major regional cities of Victoria in Ballarat and Geelong, is a great "drop in" place for travelers', whilst also serving the local community on a daily basis.

Additionally, annual events within the region bring floods of tourism to the area periodically throughout the year.

At the front, the main bar is a tribute to history as so many similar venues have been gentrified to their own detriment, whereas the front bar of the Railway Hotel in Elaine has remained relatively unchanged, holding all the charm of the classic Australian pub of yesteryear.

Off to the side, a hall leads to both Men's and Ladies bathrooms that also service the Bistro.

At the centre of the building the Bistro can service up to 50 dining patrons. Open fire places add to the inviting charm and warmth and of course, every pub/bistro needs a good pool table!

Outside, the beer garden provides plenty of open space for further dining or enjoying a few drinks in the sun. On special occasions this area can be home to musical acts to add to the experience.

A full commercial kitchen complimented by a large cool room and a cellar under bar combine to service the venue.

The historical heart of the Railway Hotel is its 5 bedrooms, separate function room and multiple shared bathrooms that have provided accommodation for many a traveler in the 150 years of operation.

If these walls could talk!!!!

A slice of history with unique opportunity and plenty of potential is on offer here.

Call Dion Plumb on 0424 940 629 to learn more.

Property History for 5280 Midland Hwy, Elaine, VIC 3334

A timeline of how this property has performed in the market
Last Sold
$250,000
19 Apr 2006
  • 12 Apr 2024
    Listed for Sale $650,000 - $700,000
  • 19 Sep 2022
    Listed for Sale $719,000
  • 03 Jul 2019
    Listed for Sale $749,000
Sign in to see more transactions

Commute Calculator

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 67.92% increase in median value, while Units have seen a -48.26% decrease. As at 31 October 2024:

  • The median value for Houses in Elaine is $795,875 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.

Suburb Insights for Elaine 3334

Market Insights
Elaine Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Elaine Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.