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Sold on 20 Sep 2024 for $255,000

87-89 Railway Road
Great Western VIC 3374

Bedrooms: 1
Bathrooms: 1
Car spaces: 3
Land area: 2426m2
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Property Details for 87-89 Railway Rd, Great Western

87-89 Railway Rd, Great Western is a 1 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 2426m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom House sold in Great Western in the last 12 months.

Building Type
House
Land Size
2426m2

Last Listing description (September 2024)

Located in the picturesque wine village of Great Western, with convenient Western Highway access and an easy 2 hour 30 minute commute to Melbourne, your ideal country weekend retreat or permanent tree change awaits. Set on a generous allotment of 2426 sqm (over half an acre), this property boasts a serene semi-rural outlook with bushland and vineyards in the distance.
This charming 1-bedroom home offers cozy, low-maintenance living with ample space around you and the potential to build a second dwelling (STCA). The existing home could serve perfectly for family use or as short-stay accommodation. Inside, you'll find a spacious open-plan living, dining, and kitchen area featuring beautiful timber cathedral ceilings, gas heating, and a split-system air conditioner. The kitchen provides ample storage and electric cooking facilities.
The sizable bedroom comes with two robes, while the combined bathroom and laundry area includes a shower over the bath and a separate toilet. Additional features include a 9.5m x 6m powered garage/shed and a 9.5m x 4.5m carport, offering plenty of space for vehicles and storage.

Surrounded by a beautiful bush setting, this affordable property provides plenty of room to enjoy and accommodate friends or family with caravans. With an expected rental return of $250-$270 per week, this is a fantastic opportunity to invest in a peaceful rural lifestyle.

Property History for 87-89 Railway Rd, Great Western, VIC 3374

A timeline of how this property has performed in the market
Last Sold
$255,000
20 Sep 2024
Listed for Rent
20 Jul 2020
  • 16 Sep 2024
    Sold for $255,000
  • 20 Jun 2024
    Listed for Sale $250,000
  • 08 Jul 2020
    Listed for Rent - Price not available
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About Great Western 3374

The size of Great Western is approximately 154.7 square kilometres. It has 1 park covering nearly 7.4% of total area. The population of Great Western in 2011 was 573 people. By 2016 the population was 406 showing a population decline of 29.1% in the area during that time. The predominant age group in Great Western is 60-69 years. Households in Great Western are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Great Western work in a managers occupation. In 2011, 77.3% of the homes in Great Western were owner-occupied compared with 83.6% in 2016.

Great Western has 312 properties. Over the last 5 years, Houses in Great Western have seen a 78.87% increase in median value. As at 30 November 2024:

  • The median value for Houses in Great Western is $486,559 while the median value for Units is $249,752.
  • Houses have a median rent of $230.
There are currently 3 properties listed for sale, and no properties listed for rent in Great western on OnTheHouse. According to CoreLogic's data, 7 properties were sold in the past 12 months in Great western.

Suburb Insights for Great Western 3374

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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.