OFF MARKET

3337 South Gippsland Highway
Foster North VIC 3960

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 64545m2
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Property Details for 3337 South Gippsland Hwy, Foster North

Building Type
Land
Land Size
64545m2
Local Government
South Gippsland
Lot/Plan
2/LP145701

Last Listing description (October 2018)

Very well sheltered and with unbelievable views of Corner Inlet, this unique parcel of land of approx. 6.53 hectares, zoned RAZ-(Rural Activity Zone) is an excellent opportunity just waiting for purchasers to unleash it's potential. Rural Activity zoning means that if you want to develop the property and you want a residence on that property, providing the tourism aspect of the development is significant, a permit is most likely (STCA). A dwelling will only be permissible on this land with a tourism development of, for example, a dwelling, restaurant, cabins, coffee shop or tea-rooms with an orchard, B & B etc. On the other hand, if you were a farmer looking for a nice turn-out block with a development opportunity, this is another alternative. The generous Vendor Terms available enable a purchaser to secure the property for $184,000, pay a deposit of just $50,000 then 'interest only' quarterly payments of just 5% for two years. This will give plenty of time for lucky purchasers to make arrangements and to carefully plan their dreams. Benefits of this block are highway frontage, views, dam, two blackwood timber lots, electricity running past the property and a reliable rainfall. Located in an established tourism area, this property is just 30 minutes from Waratah Bay and Sandy Point, 45 minutes to Wilsons Promontory. Opportunities such as this do not present themselves very often. We are fortunate to have Vendors who are prepared to let somebody further their real estate dreams on these generous terms. Call now for further information.

Property History for 3337 South Gippsland Hwy, Foster North, VIC 3960

A timeline of how this property has performed in the market
Last Sold
$175,000
01 Aug 2018
  • 01 Aug 2018
    Sold for $175,000
  • 21 Jun 2018
    Listed for Sale $184,000
  • 23 Sep 2015
    Listed for Sale $285,000
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About Foster North 3960

The size of Foster North is approximately 43.3 square kilometres. The population of Foster North in 2011 was 446 people. By 2016 the population was 169 showing a population decline of 62.1% in the area during that time. The predominant age group in Foster North is 60-69 years. Households in Foster North are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Foster North work in a managers occupation. In 2011, 85.6% of the homes in Foster North were owner-occupied compared with 82.1% in 2016..

Foster North has 150 properties. Over the last 5 years, Houses in Foster North have seen a 82.77% increase in median value, while Units have seen a 152.61% increase. As at 30 November 2024:

  • The median value for Houses in Foster North is $955,218 while the median value for Units is $402,759.
There are currently no properties listed for sale, and no properties listed for rent in Foster north on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Foster north.

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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.