OFF MARKET

56 Banool Road
Fairhaven VIC 3231

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 156m2
Land area: 1475m2
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Last updated 16 Sep 2024
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Property Details for 56 Banool Rd, Fairhaven

56 Banool Rd, Fairhaven is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 1475m2 and floor size of 156m2. While the property is not currently for sale or for rent, it was last sold in October 2016.

Building Type
House
Year Built
1980
Floor Size
156m2
Land Size
1475m2
Local Government
Surf Coast
Lot/Plan
117/LP20178

Last Listing description (November 2016)

The panoramic, ocean views from this cliff top property are simply world class. Located two doors from the iconic 'Pole House' in Fairhaven, the four bedroom cedar residence can be comfortably occupied however the future potential of the site is obvious from first inspection. The large 1476 sqm (app) allotment enjoys street level entry off Banool Road and drops down to the Great Ocean Road, providing complete security of view. Despite the elevated position, access to the beach and the popular Fairhaven Surf Club is via a nearby pedestrian reserve which has a gentle gradient the whole way. Banool Road ends in a court near the property and provides quiet amenity in this very tightly held pocket. For those looking to secure a rare front row cliff top position, overlooking the breaking surf and only 90 minutes from Melbourne, this offering represents an excellent opportunity.

Property History for 56 Banool Rd, Fairhaven, VIC 3231

A timeline of how this property has performed in the market
Last Sold
$2,100,000
29 Oct 2016
  • 29 Oct 2016
    Sold for $2,100,000
  • 28 Sep 2016
    Listed for Sale Not Disclosed
  • 01 Aug 1986
    Sold for $55,000

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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 606 properties. Over the last 5 years, Houses in Fairhaven have seen a 72.04% increase in median value, while Units have seen a 177.95% increase. As at 31 August 2024:

  • The median value for Houses in Fairhaven is $1,944,119 while the median value for Units is $1,283,322.
There are currently no properties listed for sale, and no properties listed for rent in Fairhaven on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Fairhaven.

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