SOLD
RECENT ADVICE
Sold on 08 Jan 2024 for $55,000

Fifth Street
French Island VIC 3921

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1068m2
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Property Details for Lot 495 Fifth St, French Island

Building Type
Land
Land Size
1068m2
Local Government
French-Elizabeth-Sandstone Islands
Lot/Plan
494/LP53734

Last Listing description (January 2024)

A rare opportunity to purchase one or both allotments.
Recently pegged and surveyed, this is the first time we have been able to offer land in the Estate with confirmed boundaries. Lot 495 Fifth Street of 529 square metres with good road access now available for $39,500 The adjoining Lot 494 Eleventh Avenue of 534 square metres in a private and secluded bush setting with pedestrian access only is also now available for $34,500.


No houses nearby (refer to map). Ideal investment opportunity for the long term.
Town Planning restrictions do not permit the construction of buildings on these blocks, their use for accommodation or the removal of vegetation except along boundaries.
There is no Local Government Council on French Island so there are no rates making these properties a very special Real Estate investment.
Urgent sale - Vendor negotiable.

Contact Phil Bock on the Island to inspect on 0438 497 715 or email request for documents to Chris Watt.


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Property History for Lot 495 Fifth St, French Island, VIC 3921

A timeline of how this property has performed in the market
Last Sold
$55,000
08 Jan 2024
  • 10 Jan 2024
    Sold for $55,000
  • 19 Dec 2023
    Listed for Sale Under Offer - 2 Vacant allotments For Sale

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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.

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Phil Bock
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Chris Watt
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CENTURY 21 Home Port
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