OFF MARKET

114/1 Sitzmark Street
Falls Creek VIC 3699

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 114/1 Sitzmark St, Falls Creek

114/1 Sitzmark St, Falls Creek is a 1 bedroom, 1 bathroom Unit and was built in 1971.

Building Type
Unit
Year Built
1971
Local Government
Alpine

Last Listing description (May 2023)

Cozy double bed studio in well-managed, centrally situated complex, complete with in-house restaurant on the ground floor. True ski-in ski-out access and located at a point in the Village from where you can ski down either to the International Poma/Gully Chairlift or to Halleys Comet.
The management agreement allows for variation with prior notice to enable the owner to live in the complex or rent it out via in-house management.
There are still 26 years to run on the renewable head-lease and body corporate charges include electricity. Average nett return for last 5 years $3940 per annum giving a return of around 7.1% clear.

Sold furnished with existing bookings.

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Property History for 114/1 Sitzmark St, Falls Creek, VIC 3699

A timeline of how this property has performed in the market
  • 02 May 2019
    Listed for Sale Contact Agent

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About Falls Creek 3699

The size of Falls Creek is approximately 173.8 square kilometres. It has 5 parks covering nearly 111.5% of total area. The population of Falls Creek in 2011 was 223 people. By 2016 the population was 301 showing a population growth of 35.0% in the area during that time. The predominant age group in Falls Creek is 20-29 years. Households in Falls Creek are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Falls Creek work in a managers occupation. In 2011, 50% of the homes in Falls Creek were owner-occupied compared with 49% in 2016..

Falls Creek has 639 properties. Over the last 5 years, Units in Falls Creek have seen a 26.32% increase in median value. As at 30 September 2024:

  • The median value for Units in Falls Creek is $427,395.
There are currently no properties listed for sale, and no properties listed for rent in Falls creek on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in Falls creek.

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