58 Bayview RoadFrench Island VIC 3921
Property Details for 58 Bayview Rd, French Island
58 Bayview Rd, French Island is a 0 bedroom, 0 bathroom House. The property has a land size of 331400m2. While the property is not currently for sale or for rent, it was last sold in January 2021.
Last Listing description (June 2024)
A rare and unique opportunity exists for you to live out your investment dream on Victoria's largest coastal island! Sitting on over 33 hectares (approx.) of beautiful land on French Island which is filled with stunning greenery and wildlife, these 4 fully-contained cabins provide you with the chance to experience an island investment like no other.
Positioned 65 kilometres (approx.) south-east of Melbourne, French Island is an untouched oasis where you can enjoy rocky shorelines, sandy beaches, mangroves, saltmarshes, and unforgettable wetlands. There are over 580 plant species and 230 bird species on the island, from Orange-Bellied Parrots to King Quails, while there are also magical bushwalking and mountain biking options. It truly is paradise!
This amazing opportunity provides you with 4 separate modern cabin accommodation along with a large liveable shed which features a bedroom, bathroom, kitchen, and workshop facilities. Accommodation can house up to 10 guests. Park Victoria Rangers live there on a long term basis giving you solid income, while there is also the option for more short-term revenue from tourist stays. There are no council, water, or electricity bills to be paid either!
The cabins themselves feature sizeable living/sleeping options, kitchenette, ensuite, and deck where you can gaze out to the marvellous natural beauty every morning and night. Sustainable energy sources include solar power, water tank, and a generator.
This is truly a once in a lifetime opportunity, and further has development potential being in the farming zone. You can also enjoy local amenities including the French Island General Store, Perseverance Primary School, and Tankerton Jetty, and are in close proximity close to the Mornington Peninsula, Phillip Island, and Cowes.
Property History for 58 Bayview Rd, French Island, VIC 3921
- 04 Apr 2024Listed for Sale Contact Agent
- 06 Jan 2021Sold for $420,000
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About French Island 3921
The size of French Island is approximately 170.4 square kilometres. It has 1 park covering nearly 70.4% of total area. The population of French Island in 2011 was 116 people. By 2016 the population was 106 showing a population decline of 8.6% in the area during that time. The predominant age group in French Island is 60-69 years. Households in French Island are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in French Island work in a managers occupation. In 2011, 100% of the homes in French Island were owner-occupied compared with 85.5% in 2016..
French Island has 516 properties. Over the last 5 years, Houses in French Island have seen a 92.98% increase in median value, while Units have seen a 93.88% increase. As at 31 October 2024:
- The median value for Houses in French Island is $1,114,206 while the median value for Units is $536,630.
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