OFF MARKET

11 Banksia Parade
Mallacoota VIC 3892

Bedrooms: 8
Bathrooms: 4
Car spaces: 2
Land area: 1041m2
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Property Details for 11 Banksia Pde, Mallacoota

11 Banksia Pde, Mallacoota is a 8 bedroom, 4 bathroom Unit with 2 parking spaces. The property has a land size of 1041m2. While the property is not currently for sale or for rent, it was last sold in June 2017.

Building Type
Unit
Land Size
1041m2
Local Government
East Gippsland
Lot/Plan
21~A/PP5494

Last Listing description (September 2017)

Wonderful lifestyle with income opportunity in beautiful Mallacoota!
The Banksia Mud brick Holiday Unit complex comprises of 4 cosy and inviting 2 bedroom mud brick units. Each unit features an open plan design with wonderful raked ceilings over the living, dining and kitchen areas. The kitchens are full sized and the bedrooms are roomy and feature built in robes. A wood heater in the living room keeps you warm at night and feature windows and glass double doors let in the bush views and light.
All units face onto a lovely bush setting and share a level common backyard while still maintaining a private feel. They have been painted and rendered recently. Extensive paving, covered walkways and established, landscaped gardens add to the appeal. The units are serviced with a communal laundry. A solar hot water system and rainwater tanks compliment the full town services.

Banksia is quite a versatile property - live in one unit and manage the other three or live offsite and realize the full potential of this unique holiday property. You might permanent rent 2 units and holiday rent the other 2. The options are yours to explore.
With the cosy feel of the mud brick units, their peaceful bush outlook, close proximity to the lake and short walking distance to the Mallacoota township, it is no wonder that these holiday units attract a lot of repeat visitors.
The township of Mallacoota borders a magnificent and extensive saltwater lake and river system and some of the best ocean beaches in Australia. It is renowned for its excellent fishing, pristine National Parks and natural beauty making it a popular holiday destination and a desirable place to live. As well as its tourism focus.
This property represents a great opportunity to obtain a quality unit complex with both business and lifestyle appeal in one of Australias most beautiful holiday towns, Mallacoota!
Property Code: 19

Property History for 11 Banksia Pde, Mallacoota, VIC 3892

A timeline of how this property has performed in the market
Last Sold
$475,000
05 Jun 2017
  • 05 Jun 2017
    Sold for $475,000
  • 08 Sep 2016
    Listed for Sale $475,000
  • 02 Sep 2015
    Listed for Sale Not Disclosed
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About Mallacoota 3892

The size of Mallacoota is approximately 242.5 square kilometres. It has 13 parks covering nearly 106.2% of total area. The population of Mallacoota in 2011 was 1,031 people. By 2016 the population was 1,063 showing a population growth of 3.1% in the area during that time. The predominant age group in Mallacoota is 60-69 years. Households in Mallacoota are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mallacoota work in a trades occupation. In 2011, 77.5% of the homes in Mallacoota were owner-occupied compared with 79% in 2016.

Mallacoota has 1,275 properties. Over the last 5 years, Houses in Mallacoota have seen a 60.85% increase in median value, while Units have seen a 81.18% increase. As at 31 October 2024:

  • The median value for Houses in Mallacoota is $512,778 while the median value for Units is $397,058.
  • Houses have a median rent of $2,100 while Units have a median rent of $1,675.
There are currently 39 properties listed for sale, and 10 properties listed for rent in Mallacoota on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Mallacoota.

Suburb Insights for Mallacoota 3892

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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.