29B Ridge RoadFairhaven VIC 3231
Property Details for 29b Ridge Rd, Fairhaven
Last Listing description (July 2019)
This substantial 2350sqm (over half an acre app) vacant allotment offers stunning ocean views in several directions including over the breaking surf on Fairhaven Beach and then along the coast to Lorne. Not only does it enjoy a stunning outlook, it also comes with a planning permit approved for a beautiful 4BR architectural residence. Anyone who has been through the planning process before will know what a difficult process this is to complete and what value this adds in both time and money. Besides the view and space, one of the best features of this allotment and accompanying design is that both levels of the residence will enjoy the stunning view and there is street level access into the top level of the residence from behind. This is due to the favourable contour in the allotment and location of the access. The Tony Hobba designed residence is both beautiful and practical because it caters for all the aspects of the allotment including view, weather conditions, sun movement and contour. An exceptional opportunity for when only new will do. The allotment is not easy to locate which is one of its strengths, so feel free to call for a guided tour.
Property History for 29b Ridge Rd, Fairhaven, VIC 3231
- 09 Jul 2019Sold for $925,000
- 22 Jan 2019Listed for Sale $995,000
- 09 Feb 2017Sold for $875,000
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About Fairhaven 3231
The size of Fairhaven is approximately 5.2 square kilometres. It has 2 parks covering nearly 41.2% of total area. The population of Fairhaven in 2011 was 354 people. By 2016 the population was 276 showing a population decline of 22.0% in the area during that time. The predominant age group in Fairhaven is 50-59 years. Households in Fairhaven are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fairhaven work in a professional occupation. In 2011, 85.8% of the homes in Fairhaven were owner-occupied compared with 83.5% in 2016.
Fairhaven has 595 properties. Over the last 5 years, Houses in Fairhaven have seen a 56.32% increase in median value, while Units have seen a 177.95% increase. As at 31 October 2024:
- The median value for Houses in Fairhaven is $1,899,841 while the median value for Units is $1,607,869.
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