SOLD
Sold on 14 Aug 2024 for $325,000

72 The Rest
French Island VIC 3921

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 485624m2
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Property Details for 72 The Rest, French Island

Building Type
Land
Land Size
485624m2
Local Government
French-Elizabeth-Sandstone Islands
Lot/Plan
2/PS549176

Last Listing description (December 2023)

The perfect off-grid escape with bay views, 120 unspoilt acres (approx) of chemical free grazing land interspersed with some bush land, koalas and native wildlife, abundant birdlife and a little slice of history awaits at this undiscovered island retreat.
Just 60km south-east of Melbourne with regular daily ferry services to the mainland and neighbouring Phillip Island, French Island has been the forgotten island in Western Port but is now becoming increasingly popular with those seeking out an eco-friendly way of life.

Set up with wind and solar power and a back-up generator, ample water storage, and plenty of room to grow vegetables and run cattle, the property also features two homes - including one that dates back to 1885 and is part-way through a transformation. The other is a sprawling three-bedroom residence with a full-length north-facing veranda offering glimpses of the bay and a huge open plan living and kitchen area. Well suited to operating as a guest house providing accommodation for tour groups visiting French Island - cycling, painting, bird watching, bush walking.

To be sold on a walk-in walk-out basis, all plant and equipment comes with the property including tractors and a ride-on mower.
Well-fenced, each of the main paddocks has a dam, there is also a bore with high-quality groundwater and 138,000L of tank water storage at the homes guarantees supply.
Several high-clearance hay and machinery sheds and workshops. Property has been operated on a chemical-free basis for last 20 years.
Just a few minutes by car from the primary school, general store and ferry, where train services connect with Frankston and the city, experience total peace and privacy and a totally unique way of life shared by a tight-knit local island community.
And because French Island is unincorporated and two-thirds national park, theres no council or water rates to pay and less bureaucracy to deal with!

Off-grid peace & privacy on 120 acres
Sprawling 3BR residence & circa 1885 cottage
Walk-in, walk-out with all plant & equipment
Well-fenced with dams in each paddock
Wind, solar & back-up generator
Only minutes from primary school, store & ferry

Property History for 72 The Rest, French Island, VIC 3921

A timeline of how this property has performed in the market
Last Sold
$325,000
14 Aug 2024
  • 14 Aug 2024
    Sold for $325,000
  • 31 May 2021
    Listed for Sale $ 2,950,000
  • 14 Sep 2016
    Sold for $400,000

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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 106.85% increase in median value, while Units have seen a 93.88% increase. As at 30 September 2024:

  • The median value for Houses in French Island is $1,135,458 while the median value for Units is $587,888.
There are currently 1 property listed for sale, and no properties listed for rent in French island on OnTheHouse. According to CoreLogic's data, 8 properties were sold in the past 12 months in French island.

Suburb Insights for French Island 3921

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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.