OFF MARKET

7 Parallel Street
Falls Creek VIC 3699

Bedrooms: 4
Bathrooms: 3
Car spaces: -
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Last updated 4 Nov 2024
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Property Details for 7 Parallel St, Falls Creek

7 Parallel St, Falls Creek is a 4 bedroom, 3 bathroom House.

Building Type
House

Last Listing description (December 2020)

Huge freestanding luxury chalet - no management restrictions.
Rainbow B is in a complex of three separate chalets centrally situated high in the village and close to restaurants and ski hire. The chalet is three storeys, has two queen bedrooms (one with dressing room) with ensuites on the middle level, two bunkrooms each sleeping four on the lower level and a separate bathroom. There is a second lounge on this level with double sofa bed. The chalet sleeps 12-14 people and has a very spacious drying room. The top level is open plan with kitchen, dining/lounge and has spectacular views, balcony and a gas log fire. There is a 10 seater dining table, and an island bench which seats another 3-4 people between the kitchen and lounge.
This is a rare opportunity to purchase a highly desirable property. It has a good rental history and is well worth inspection.

Property History for 7 Parallel St, Falls Creek, VIC 3699

A timeline of how this property has performed in the market
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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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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.