2-18 Nicholas AvenueMetung VIC 3904
Property Details for 2-18 Nicholas Ave, Metung
2-18 Nicholas Ave, Metung is a 3 bedroom, 2 bathroom Unit. The property has a land size of 9492m2.
Last Listing description (October 2020)
"Myrtle" Unit 4
This beautifully maintained 3 bedroom holiday unit is close to the charming Metung Village; with its parks, tennis courts, bowling green, boutique shops, cafes, Sails Restaurant at Metung Yacht Club and the waterfront Metung Hotel. The property features:-
* Jetty berths
* Income stream of approximately $15,000 per annum. Approximately a 6.25% return.
* Excellent on site management.
* Low Owners Corporation rates.
* A 15 minute stroll along the board walk to the village and Metung Yacht Club.
* Solar heated swimming pool, spa, BBQ area.
Inspection by appointment; call Ian Lockwood on 0409 928 275
Property History for 2-18 Nicholas Ave, Metung, VIC 3904
- 13 Nov 2019Listed for Sale SOLD - Price Withheld
- 03 Oct 2016Listed for Sale $79,950
- 14 May 2015Listed for Sale $239,000
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0About 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 2,175 properties. Over the last 5 years, Houses in Metung have seen a 66.98% increase in median value, while Units have seen a 57.03% increase. As at 31 July 2024:
- The median value for Houses in Metung is $714,048 while the median value for Units is $396,540.
- Houses have a median rent of $483 while Units have a median rent of $290.
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