500 Ogradys Ridge Rd, Foster North is a 5 bedroom, 2 bathroom House with 3 parking spaces and was built in 1980. The property has a land size of 25789m2 and floor size of 183m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 5 bedroom House sold in Foster North in the last 12 months.
Located on a bitumen road just 9 minutes from both Foster and Fish Creek is this resort style property making an ideal permanent family home or a rural getaway for a large family or multiple families to purchase and enjoy.
Currently operating as a Air Bnb and achieving $725 per night this is an ideal turnkey investment. Offered to the market as a walk in walk out package with all furniture and equipment included. The home is a converted dairy which has been fully updated by the current owners in a tasteful contemporary styling. The open plan kitchen, dining room and lounge area is spacious and has views towards Wilsons Prom and the Corner Inlet.
The kitchen is a true chefs family kitchen with a large waterfall island benchtop and seating for four, 900mm gas cook top and electric oven, dishwasher, dual door fridge and pantry. Upper and lower cabinets, soft close drawers in the island and subway tile splashback.
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 80.35% increase in median value, while Units have seen a 152.61% increase. As at 31 October 2024:
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