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3/1-7 Crippa Close
Hepburn Springs VIC 3461

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Last updated 17 Feb 2025
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Property Details for 3/1-7 Crippa Cl, Hepburn Springs

3/1-7 Crippa Cl, Hepburn Springs is a 2 bedroom, 2 bathroom House with 1 parking spaces.

Building Type
House
Local Government
Hepburn

Last Listing description (March 2021)

This 2 bedroom dual occupancy villa is set within the beautiful European styled grounds of Peppers Mineral Springs Hotel in the heart of Hepburn Springs.
Exclusively leased back to the hotel and showing 7% return with depreciation benefits, this architect designed and quality built villa has been designed for both form and function with contemporary detailing and luxury furnishings.

The villa offers versatile and spacious self contained luxury accommodation within the hotel environment that includes the historic boutique hotel building, award winning Argus Dining Room, renowned Mineral Spa resort, conference/event facilities and the stunning heritage listed 1860s Villa Parma.

Being sold as a going concern, the villa is leased exclusively to Peppers commencing 1 March 2014 for 9 years 6 months, currently returning 7% (approx. $43,000) with annual CPI increase. All outgoings paid by hotel
With a common entry foyer, the dual key property is built over 2 levels and can be configured as a 2 bedroom self contained villa or as a private 1 bedroom suite and 1 bedroom apartment
Ground floor: 2 generous bedroom suites both with 2 person spa bath, deluxe ensuite bathrooms
Upper level: expansive living area with wide undercover balcony, full kitchen. Split system, gas pebble fireplace
Contemporary details, furnishings and artworks. Quality equipment, fixtures and fittings throughout

75 mins to Melbourne CBD and 1 hour to Melbourne Airport
Full financial details available on request
Inspection by advance appointment only

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Property History for 3/1-7 Crippa Cl, Hepburn Springs, VIC 3461

A timeline of how this property has performed in the market
  • 05 Mar 2020
    Listed for Sale $615,000
  • 29 Sep 2014
    Listed for Sale 495000

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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 454 properties. Over the last 5 years, Houses in Hepburn Springs have seen a 41.09% increase in median value, while Units have seen a 31.24% increase. As at 31 January 2025:

  • The median value for Houses in Hepburn Springs is $776,034 while the median value for Units is $582,387.
  • Houses have a median rent of $535.
There are currently 15 properties listed for sale, and 2 properties listed for rent in Hepburn springs on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Hepburn springs.

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