OFF MARKET

5A/8 Falls Creek Road
Falls Creek VIC 3699

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 104m2
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Last updated 16 Dec 2024
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Property Details for 5a/8 Falls Creek Rd, Falls Creek

5a/8 Falls Creek Rd, Falls Creek is a 3 bedroom, 2 bathroom Unit and was built in 1970. The property has a floor size of 104m2.

Building Type
Unit
Year Built
1970
Floor Size
104m2
Local Government
Alpine

Last Listing description (March 2021)

The Hub apartment 5A is a fantastic single level, large, NON MANAGED alpine home featuring a long alpine head lease.

This property has excellent natural light, has been refurbished to excellent standards with amazing storage in a quiet location. With a very generous floor plan of 112.2sqm, it sleeps 6 people with the master bedroom, king bed, the second bedroom a tri-bunk and the third bedroom a single. All bedrooms have large built-in wardrobes and there is an excellent ski storage area and large drying room on entry. The spacious open plan living area features a large lounge TV area with comfortable 6 seater corner couch, generous storage cupboards, a dining room area and private balcony with views to The Gully Chair and International ski runs. The kitchen is modern with ample storage and is very light and well designed.

The Hub building is well known in Falls Creek and is very popular as it is a NON MANAGED apartment complex, featuring easy access located directly off the Falls Creek Road. The Hub has recently completed their external upgrades and have been issued with a long alpine head lease until 2060. There are separate sub leases for each apartment. Please note this property is currently tenanted until end of December 2021 with the tenant paying $40,000 for the year plus power, the property must be sold honouring this tenancy. The most recent body corporate budget has the outgoings as approx. $10,753.04 per annum PLUS power which is separately metered. Please note the Hub have just renewed their building insurance and likely will have an increased premium which is yet to be issued.

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Property History for 5a/8 Falls Creek Rd, Falls Creek, VIC 3699

A timeline of how this property has performed in the market
  • 16 Jan 2021
    Listed for Sale $640,000
  • 23 Jun 2016
    Listed for Sale $399,000

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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 640 properties. Over the last 5 years, Units in Falls Creek have seen a 68.47% increase in median value. As at 30 November 2024:

  • The median value for Units in Falls Creek is $458,989.
There are currently no properties listed for sale, and 1 property listed for rent in Falls creek on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Falls creek.

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