OFF MARKET

10 Forest Avenue
Hepburn Springs VIC 3461

Bedrooms: -
Bathrooms: -
Car spaces: 13
Land area: 3961m2
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Property Details for 10 Forest Ave, Hepburn Springs

Building Type
Commercial
Land Size
3961m2
Local Government
Hepburn

Last Listing description (December 2022)

'Rosemount House' presents an ideal opportunity to acquire a rural residential living residence with established tourist accommodation and income. It is located directly opposite the 'Hepburn Springs Mineral Reserve' and set in the middle of the largest concentration of mineral springs in Australia.

The main residence of 44sqs boasts 12' ceilings, 8 bedrooms, 2 large bathrooms and 3 expansive living areas. The master bedroom has an ensuite with 6' claw foot bath and a walk-in robe. Two north facing family rooms and the main bedroom open onto an Alfresco entertainment area. The extensive wraparound verandah takes advantage of the peaceful and picturesque country views, overlooking the well maintained gardens and a surprising variety of established trees.

In addition to the main residence there are also 2 x 1 Bedroom Spa Suites and 1 x 2 Bedroom Spa Cottage. These are beautifully presented, with forest views, private balconies, offered fully furnished, and are successfully operating as tourist accommodation - WIWO.

Offering the ultimate mix of business and pleasure in one of the most popular and idyllic tourist destinations - Hepburn Springs and Daylesford. Centrally situated within an hour of Melbourne, Ballarat, Bendigo and Geelong.

The property is exceptional value at $446 per m2 and presents strong capital growth to comparable properties in the Hepburn Springs and Daylesford region.

Connected to town water, sewerage, natural gas, electricity and NBN.
LAND SIZE 2664m2 - BUILDING AREA 60sqs

Call now for an inspection.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

Property History for 10 Forest Ave, Hepburn Springs, VIC 3461

A timeline of how this property has performed in the market
  • 18 Apr 2015
    Listed for Sale $1,190,000

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About Hepburn Springs 3461

The size of Hepburn Springs is approximately 3.1 square kilometres. It has 3 parks covering nearly 45.2% of total area. The population of Hepburn Springs in 2011 was 240 people. By 2016 the population was 321 showing a population growth of 33.8% in the area during that time. The predominant age group in Hepburn Springs is 50-59 years. Households in Hepburn Springs are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Hepburn Springs work in a professional occupation. In 2011, 57.7% of the homes in Hepburn Springs were owner-occupied compared with 68.9% in 2016.

Hepburn Springs has 453 properties. Over the last 5 years, Houses in Hepburn Springs have seen a 37.70% increase in median value, while Units have seen a 35.97% increase. As at 31 October 2024:

  • The median value for Houses in Hepburn Springs is $750,053 while the median value for Units is $579,935.
  • Houses have a median rent of $515 while Units have a median rent of $333.
There are currently 15 properties listed for sale, and 1 property listed for rent in Hepburn springs on OnTheHouse. According to CoreLogic's data, 12 properties were sold in the past 12 months in Hepburn springs.

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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.