OFF MARKET

3B Gully Road
Lake Tyers Beach VIC 3909

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
Land area: 207m2
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Last updated 14 Oct 2024
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Property Details for 3b Gully Rd, Lake Tyers Beach

3b Gully Rd, Lake Tyers Beach is a 3 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 207m2. While the property is not currently for sale or for rent, it was last sold in January 2021.

Building Type
House
Land Size
207m2
Local Government
East Gippsland
Lot/Plan
1/PS737882

Last Listing description (February 2021)

New townhouse located a short 200m walk to the picturesque 90 mile beach, Lake Tyers Beach General store and the iconic Waterwheel Beach Tavern. Enjoy listening to the waves breaking on the beach from this property full time or as holiday rental the property is currently yielding high rental returns.
The townhouse is double storey with access to Master suite, Kitchen, living and outdoor veranda on first floor. The ground floor comprises 2 large bedrooms with built in robes, bathroom, Laundry and second living room. This townhouse features reverse cycle heating and cooling, solar hot water, beko appliances and has a double carport with clearance for high vehicles. Also included is an outdoor area that is very low maintenance with an outdoor hot/cold shower.
Currently leased until July 2021.

Specifications:
Currently yielding $395 pw returns.
All beko appliances
Solar hot water
Quality build by local builder
Reverse cycle heating/air conditioning
3 Bedroom
2.5 Bathroom

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Property History for 3b Gully Rd, Lake Tyers Beach, VIC 3909

A timeline of how this property has performed in the market
Last Sold
$425,000
18 Jan 2021
  • 18 Jan 2021
    Sold for $425,000
  • 09 Oct 2019
    Listed for Sale $429,000

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About Lake Tyers Beach 3909

The size of Lake Tyers Beach is approximately 6.5 square kilometres. It has 1 park covering nearly 0.6% of total area. The population of Lake Tyers Beach in 2011 was 868 people. By 2016 the population was 711 showing a population decline of 18.1% in the area during that time. The predominant age group in Lake Tyers Beach is 60-69 years. Households in Lake Tyers Beach are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lake Tyers Beach work in a trades occupation. In 2011, 78.3% of the homes in Lake Tyers Beach were owner-occupied compared with 73.9% in 2016.

Lake Tyers Beach has 653 properties. Over the last 5 years, Houses in Lake Tyers Beach have seen a 64.45% increase in median value, while Units have seen a 38.17% increase. As at 30 September 2024:

  • The median value for Houses in Lake Tyers Beach is $548,715 while the median value for Units is $515,953.
  • Houses have a median rent of $410.
There are currently 18 properties listed for sale, and no properties listed for rent in Lake tyers beach on OnTheHouse. According to CoreLogic's data, 22 properties were sold in the past 12 months in Lake tyers beach.

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