FOR SALE

15/1 Mairburn Road
Metung VIC 3904

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 144m2
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This property is currently on the market
Holiday Villa in the Gippsland Lakes
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Property Details for 15/1 Mairburn Rd, Metung

15/1 Mairburn Rd, Metung is a 2 bedroom, 1 bathroom Unit and was built in 2005. The property has a land size of 144m2.This Property is currently listed for sale with REMAX Genesis

Building Type
Unit
Year Built
2005
Land Size
144m2
Local Government
East Gippsland
Lot/Plan
15/PS528623

Last Listing description (October 2024)

Welcome to Villa 15, a perfect lifestyle package with a purchase of land, villa, and fully furnished interior. A beautifully appointed two-bedroom villa that allows you to enjoy all the benefits of resort-style holidays.

Set in the heart of Metung, you can enjoy all this region has to offer, including boating, fishing, swimming and water sports, with the waterfront hotel, cafe and boardwalks a short stroll away.

This two-bedroom cabin combines both investment and an inexpensive holiday into one.

- Kitchen/lounge/dining area leading to a large balcony
- Main Bedroom with BIR's
- Second bedroom with BIR's
- Central bathroom with separate toilet
- Split systems and ceiling fans throughout
- Use of resort facilities, including a heated swimming pool and children's play area
- Substantial depreciation allowance
- Strata Title with Management Rights Contract and strong gross yield

Under a Management Agreement, on-site management will look after all aspects of bookings, cleaning and maintenance. Giving you peace of mind that your property is well maintained with the benefit of a potential income.

The Metung Holiday Villa grounds include a heated swimming pool, BBQ and picnic areas with a children's playground. Ideal to share these units with a family of four (syndicate) and each family can use the unit.

This type of property in this desirable location will not last long!

Call Daniel on 0417 824 769 for a private viewing.
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Due Diligence Checklist

What you need to know before buying a residential property.
Before you buy a home, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you if you buy it. This checklist aims to help you identify whether any of these issues will affect you. The questions are a starting point only and you may need to seek professional advice to answer some of them. You can find links to organisations and web pages that can help you learn more by visiting the due diligence checklist page on the Consumer Affairs Victoria website (consumer.vic.gov.au/duediligencechecklist).

Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy, and interested persons should rely on their own enquiries.

*Please note that the image indicating the boundary lines is an estimate only. The actual boundary lines for this property are provided in the Section 32 / Vendor Statement.

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Property History for 15/1 Mairburn Rd, Metung, VIC 3904

A timeline of how this property has performed in the market
Last Sold
$43,000
22 Jul 2020
  • 13 Aug 2024
    Listed for Sale $126,000
  • 22 Jul 2020
    Sold for $43,000
  • 14 Feb 2019
    Listed for Sale $59,500
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About Metung 3904

The size of Metung is approximately 27.7 square kilometres. It has 7 parks covering nearly 1.7% of total area. The population of Metung in 2011 was 1,221 people. By 2016 the population was 1,449 showing a population growth of 18.7% in the area during that time. The predominant age group in Metung is 60-69 years. Households in Metung are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Metung work in a professional occupation. In 2011, 77.8% of the homes in Metung were owner-occupied compared with 79.4% in 2016.

Metung has 2,171 properties. Over the last 5 years, Houses in Metung have seen a 54.46% increase in median value, while Units have seen a 57.13% increase. As at 30 September 2024:

  • The median value for Houses in Metung is $665,566 while the median value for Units is $422,838.
  • Houses have a median rent of $460 while Units have a median rent of $290.
There are currently 109 properties listed for sale, and 2 properties listed for rent in Metung on OnTheHouse. According to CoreLogic's data, 62 properties were sold in the past 12 months in Metung.

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