OFF MARKET

2/200 Wattle Point Road
Forge Creek VIC 3875

Bedrooms: 3
Bathrooms: 3
Car spaces: -
Land area: 555m2
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Property Details for 2/200 Wattle Point Rd, Forge Creek

2/200 Wattle Point Rd, Forge Creek is a 3 bedroom, 3 bathroom House and was built in 2000. The property has a land size of 555m2. While the property is not currently for sale or for rent, it was last transferred in September 2014.

Building Type
House
Year Built
2000
Land Size
555m2
Local Government
East Gippsland
Lot/Plan
2/PS524601

Last Listing description (September 2015)

WATERFRONT RETREAT AT WATTLE POINT IS AN EXCLUSIVE WATERFRONT BUSH RETREAT SET ON 20 ACRES WITH DIRECT FRONTAGE TO LAKE VICTORIA. THE FINAL LODGE IS JUST BEING COMPLETED SO THERE ARE NOW 19 LODGES AND A MANAGERS RESIDENCE, A POOL /SPA CENTRE, CONFERENCE FACILITY, TENNIS COURT AND JETTY. THE RETREAT HAS BEEN PURPOSE DESIGNED FOR TOURISM AND ALL THE LODGES ARE AVAILABLE FOR PURCHASE BY PRIVATE INVESTORS. INVESTORS CAN PURCHASE THE LODGES IN PART OR FULL USING THEIR SUPER FUNDS AND INVESTORS ALSO HAVE THE ADDED BONUS OF PERSONAL USE OF THE LODGE! ONE WEEK PER YEAR FREE, ADDITIONAL TIMES BY PAYING THE MANAGEMENT WHAT THEY WOULD HAVE EARNT. BECAUSE THE RETREAT IS REGISTERED AS AN INVESTMENT STRATEGY THE UNITS CAN BE PURCHASED USING SUPER ( EITHER 100% OR PART). THE SUPER FUND THEN ENJOYS THE EQUITY GROWTH AS WELL AS THE MONTHLY RETURN.WITH BUILDING 17 ( TWO ONE BEDROOM LODGES UNDER 1 ROOF), ARE BEING OFFERED FOR SALE. FROM NO BOOKINGS 3 YEARS AGO THE RETREAT SHOWS 90 - 100% OCCUPANCY FOR LONG WEEKENDS/ HOLIDAY PERIODS, 70-80% OCCUPANCY FOR NORMAL WEEKENDS, AND ITS ONLY MIDWEEK OFF SEASON THAT DROPS TO 30-40% ( AND IT IS THOSE TIMES WHICH ARE BEING TARGETED WITH THE CONFERENCE CENTRE) THE CONFERENCE CENTRE WAS OPENED IN AUGUST 2008 AND IS ALREADY SHOWING A STRONG AND GROWING RETURN ( BETWEEN AUGUST AND DECEMBER THERE WERE 5 CONFERENCES AND A WEDDING.)THE BUILDING BEING OFFERED FOR SALE HAS TWO 1 BEDROOM/ 1 BATHROOM SPLIT LEVEL LODGES. THESE ARE DESIGNED FOR COUPLES, EACH ONE BEDROOM LODGE WILL RENT OUT AS FOLLOWS:$200 PER NIGHT STANDARD TIMES (FEB 1- DEC 22) $260 PER NIGHT PEAK TIMES (DEC 23- JAN 31) $440 PER WEEKEND ( FRIDAY TO SUNDAY). THE ACTUAL RETURN TO THE BUILDING IS DOUBLE!! THERE IS ONE BUILDING THE SAME ALREADY OPPERATING THAT WAS OPENED LATE DECEMBER 2009 AND ITS ACTUAL RETURNS WERE $56,000 FOR THE 12 MONTH PERIOD (GROSS).PROPERTY CODE: 23

Property History for 2/200 Wattle Point Rd, Forge Creek, VIC 3875

A timeline of how this property has performed in the market
Last Transferred
29 Sep 2014
  • 21 Sep 2015
    Listed for Sale $525,000
  • 29 Sep 2014
    Transferred
  • 05 Jun 2006
    Sold for $299,000
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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 209 properties. Over the last 5 years, Houses in Forge Creek have seen a 18.59% increase in median value, while Units have seen a 68.70% increase. As at 31 October 2024:

  • The median value for Houses in Forge Creek is $847,674 while the median value for Units is $338,116.
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.

Suburb Insights for Forge Creek 3875

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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.