OFF MARKET

1/123 Murray Valley Highway
Lake Boga VIC 3584

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Floor area: 73m2
Land area: 892m2
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Property Details for 1/123 Murray Valley Hwy, Lake Boga

1/123 Murray Valley Hwy, Lake Boga is a 4 bedroom, 2 bathroom House and was built in 1960. The property has a land size of 892m2 and floor size of 73m2.

Building Type
House
Year Built
1960
Floor Size
73m2
Land Size
892m2
Local Government
Swan Hill

Last Listing description (July 2023)

Includes 2 x 2 bedroom maisonettes with lake views

Living only 10 or 15 minutes from your workplace, your recreation, your shopping experience and your education institutions makes for an easy, convenient lifestyle and that is something we all aspire too.

However, your life suddenly becomes exquisite if you also have the privilege of living on the shores of one of regional Australia's best regarded inland freshwater lakes. Life becomes even more privileged if you happen to live on the west side of that lake with your back to the sun and the prevailing wind on the rare days that they are stronger than just gentle breezes.

Sounds more than an ideal location to build your "forever" home, and generally the only real impediment is the rare availability of such a unique location.

123 Murray Valley Highway Lake Boga is wedged between the inviting waters of Lake Boga and the easy access to Lake Boga township facilities and nearby Swan Hill, 10 minutes away with its regional city facilities, via the Murray Valley Highway.

This 892 square metre block enjoys a 20.3 metre frontage to the highway and 20.5 metre view to the lake, and represents an amazingly appealing homesite for those fortunate few who have the capacity to acquire such a site.

However, this is not just a brilliant piece of land, it also provides an immediate return on the capital investment from the two concrete block maisonette units erected on the lakeside frontage.

The two bedroom maisonette units on the land are a mirror image of each other separated by a common wall. Across the lake frontage of each home is an open plan kitchen/living area - with two bedrooms behind, along with a bathroom, toilet and access passage to the spacious yard.

Each unit is presently occupied by well-settled tenants and who both would like to remain living at the property (and who could blame them) but of course that is in the hands of its next owner.

Certainly, should the next owner wish to retain the two units, that might require some capital investment to upgrade the buildings to more contemporary standards, however they are very comfortable in their present form but would respond well to a makeover program.

Blocks along this preferred west side of the lake have been developed ever since the establishment of the township and that was for very good reasons - the orientation to the sun was ideal, the flat topography make living and construction easy and its proximity to not only the highway but earlier, to the Swan Hill to Melbourne rail line, made travel easy.

All things are possible with this remarkable site and it could all be yours. The property is for sale by Expression of Interest with this process closing on Monday May 8th, with the selling agents, LJ Hooker Swan Hill.

Contact office principal John Monahan on 0427 292 965 for more information and an inspection.

Property History for 1/123 Murray Valley Hwy, Lake Boga, VIC 3584

A timeline of how this property has performed in the market
  • 07 Jun 2023
    Listed for Sale Not Disclosed
  • 08 Apr 2023
    Listed for Sale Expression of Interest closing 08/05/23

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About Lake Boga 3584

The size of Lake Boga is approximately 64.7 square kilometres. It has 2 parks covering nearly 0.3% of total area. The population of Lake Boga in 2011 was 719 people. By 2016 the population was 992 showing a population growth of 38.0% in the area during that time. The predominant age group in Lake Boga is 50-59 years. Households in Lake Boga are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Lake Boga work in a managers occupation. In 2011, 76.1% of the homes in Lake Boga were owner-occupied compared with 81.7% in 2016.

Lake Boga has 658 properties. Over the last 5 years, Houses in Lake Boga have seen a 58.80% increase in median value. As at 31 October 2024:

  • The median value for Houses in Lake Boga is $301,741 while the median value for Units is $321,706.
  • Houses have a median rent of $220.
There are currently 6 properties listed for sale, and no properties listed for rent in Lake boga on OnTheHouse. According to CoreLogic's data, 23 properties were sold in the past 12 months in Lake boga.

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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.