OFF MARKET

1/200 Wattle Point Road
Forge Creek VIC 3875

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 78m2
Land area: 496m2
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Last updated 28 Oct 2024
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Property Details for 1/200 Wattle Point Rd, Forge Creek

1/200 Wattle Point Rd, Forge Creek is a 2 bedroom, 1 bathroom Unit and was built in 2000. The property has a land size of 496m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in March 2022.

Building Type
Unit
Year Built
2000
Floor Size
78m2
Land Size
496m2
Local Government
East Gippsland
Lot/Plan
1/PS524601

Last Listing description (March 2022)

With views of the Gippsland Lakes, this renovated unit sitting on 20 acres at Wattle Point Retreat comes with contemporary renovations and is the perfect investment offering a healthy 11% gross return (FY20)*.

Set in serene verdant bushland, this is a great place to unwind and enjoy access to the shared pool, sauna and tennis courts, perhaps after launching your boat close by to explore the lakes and Paynesville. With the best of both worlds, Tanjil has privacy from the other units and picture perfect bush and waterfront views making it a popularly-booked Melbourne escapade.

Once inside, get cosy next to the sumptuous wood heater in the open-planned spacious living and dining space. This is joined by a master and second bedroom sleeping up to 5 in total. With high ceilings and natural light, this unit is selling complete with furnishings, along with a well-appointed kitchen and bathroom which also includes a washing machine and laundry tub, for all that wet gear after summer fun!

From the private deck you can feed the local kangaroos, or cook on the barbecue for your friends and family, who have access to ample car and boat parking at this tranquil locale. A favourite amongst returning clients Tanjil is both tastefully decorated and comfortable, with the following features:

Master bedroom with comfortable queen size bed
Kitchen area complete sets of crockery and cutlery
Full size fridge, microwave, stove and dishwasher
Lots of storage and hanging space
Dining table for 4-6 people
Wood-heater
Leather lounge suite
Bathroom with washing machine
Huge parking space
TV and DVD players
Decorated with artworks by Australian artists
Fantastic view of the bush and waterfront setting outside
Private outside deck with barbecue and outdoor setting
Full glass windows giving you an uninterrupted view of the bush and water

On site facilities:
Heated pool and spa (year-round)
Canoes, kayak and bike hire,
Jetty
Tennis court
Conference centre
Nearby: boat ramp and Paynesville with eateries such as the Chef's Hat awarded "Sardine"

Waterfront Retreat recognition awards include:
Hospitality Award 2018 East Gippsland Business Awards
Hotels combined rating 9.3
Recognition of Excellence Award by Hotels Combined
Trip Advisor rating 4.5 of 5

This is your chance to buy the approx. 496m title including the unit plus furnishings and although most owners prefer the year-around income, the management agreement allows for up to 3 weeks use per year at this fully-managed property with options to negotiate longer. You also have 1/17 share in the 20 acres of common property and facilities. Please note: this is not a residential property.

Wattle Point Retreat also hosts wedding bookings, conferences, special events and functions, providing further revenue to Tanjil alongside income from returning guests. An income year-around is derived at $275 or $210 per night, depending on period or as determined by the new owner. Note: bookings have been solid throughout the Covid period, despite 2020/21 being subject to state imposed COVID-19 travel restrictions. *ROI based on vendor price.

http://www.waterfrontretreat.com.au/accommodation/tanjil/ (please view this before enquiring)

For all enquiries please contact Cameron Howe on 0417 112 784.

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Property History for 1/200 Wattle Point Rd, Forge Creek, VIC 3875

A timeline of how this property has performed in the market
Last Sold
$235,000
24 Mar 2022
  • 24 Mar 2022
    Sold for $235,000
  • 17 Aug 2021
    Listed for Sale THE ONE: $230,000
  • 21 Sep 2015
    Listed for Sale $395,000
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About Forge Creek 3875

The size of Forge Creek is approximately 90.8 square kilometres. It has 2 parks. The population of Forge Creek in 2011 was 412 people. By 2016 the population was 265 showing a population decline of 35.7% in the area during that time. The predominant age group in Forge Creek is 10-19 years. Households in Forge Creek are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Forge Creek work in a managers occupation. In 2011, 87.4% of the homes in Forge Creek were owner-occupied compared with 78.5% in 2016..

Forge Creek has 210 properties. Over the last 5 years, Houses in Forge Creek have seen a 65.54% increase in median value, while Units have seen a 68.70% increase. As at 30 September 2024:

  • The median value for Houses in Forge Creek is $531,623 while the median value for Units is $437,561.
There are currently 3 properties listed for sale, and no properties listed for rent in Forge creek on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Forge creek.

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