OFF MARKET

20 Main Road
Gormandale VIC 3873

Bedrooms: 2
Bathrooms: 1
Car spaces: 8
Floor area: 102m2
Land area: 1779m2
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Property Details for 20 Main Rd, Gormandale

Building Type
Land
Year Built
1950
Floor Size
102m2
Land Size
1779m2
Local Government
Wellington
Lot/Plan
6/LP4930

Last Listing description (October 2018)

House and Large Workshop
Positioned on two titles this property is the heart of Gormandale. In need of some TLC but built with solid hardwood this little property could become a thriving hub once again.
Great opportunity to start your own business at home or simply get an investment property which has been returning $300 per week.

Old Mechanics Garage currently rented out to a local farmer (currently moving out)
Property is in need of maintenance but this is reflected in the low asking price - considering its annual return on investment.
The workshop still houses a large, belt driven lathe (working condition), that was installed during the war to manufacture bolts. (This will be included in the sale). Shed has 3 phase power.
Some other employment opportunities in the surrounding area are:
Power Stations and Coal Mines
Austrailian Papper mill
Sawmills
Logging/forestry
Hospitals
Dairy farms.
Short car travel distances to places such as:
20km from Traralgon City
30 min from the beach
200 metres from Primary School
100 metres from general store
If you think this property could be for you, then an inspection can be arranged.
Things that need attention, so you dont waste you time are:
Centre gutter/drain on Workshop.
Gutter on eastern shed (north side).
Weather boards on house (southern side shown in photo).
Wood heater in house (free standing- wrong type).
Some house stumps have moved.
House needs a good clean inside and out.
Semi self contained bungalow needs a clean.
Lawns and gardens overgrown.
Workshop front - needs paint.
Pickett fence needs new gate.
A couple of cracked windows.
Will consider all reasonable offers.

Property History for 20 Main Rd, Gormandale, VIC 3873

A timeline of how this property has performed in the market
Last Sold
$175,000
08 Aug 2022
  • 08 Aug 2022
    Sold for $175,000
  • 10 Oct 2019
    Listed for Sale $245,000
  • 03 Oct 2018
    Sold for $230,000
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About Gormandale 3873

The size of Gormandale is approximately 93.2 square kilometres. It has 2 parks covering nearly 9% of total area. The population of Gormandale in 2011 was 443 people. By 2016 the population was 329 showing a population decline of 25.7% in the area during that time. The predominant age group in Gormandale is 50-59 years. Households in Gormandale are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gormandale work in a managers occupation. In 2011, 77.4% of the homes in Gormandale were owner-occupied compared with 85.5% in 2016..

Gormandale has 187 properties. Over the last 5 years, Houses in Gormandale have seen a 59.76% increase in median value, while Units have seen a 118.92% increase. As at 31 October 2024:

  • The median value for Houses in Gormandale is $484,790 while the median value for Units is $446,731.
There are currently 1 property listed for sale, and no properties listed for rent in Gormandale on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Gormandale.

Suburb Insights for Gormandale 3873

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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.