OFF MARKET

38/1 Mairburn Road
Metung VIC 3904

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 120m2
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Property Details for 38/1 Mairburn Rd, Metung

38/1 Mairburn Rd, Metung is a 2 bedroom, 1 bathroom Unit and was built in 2005. The property has a land size of 120m2. While the property is not currently for sale or for rent, it was last sold in August 2023.

Building Type
Unit
Year Built
2005
Land Size
120m2
Local Government
East Gippsland
Lot/Plan
38/PS528623

Last Listing description (September 2023)

Welcome to Villa 38, a perfect lifestyle package with a purchase of land, villa, and fully furnished interior. The 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, caf's 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
Master and second bedroom with BIR's and central bathroom
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.

Property History for 38/1 Mairburn Rd, Metung, VIC 3904

A timeline of how this property has performed in the market
Last Sold
$129,000
31 Aug 2023
  • 31 Aug 2023
    Sold for $129,000
  • 30 Dec 2022
    Listed for Sale $129,000

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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 2,179 properties. Over the last 5 years, Houses in Metung have seen a 64.70% increase in median value, while Units have seen a 41.82% increase. As at 31 October 2024:

  • The median value for Houses in Metung is $699,955 while the median value for Units is $381,139.
  • Houses have a median rent of $460 while Units have a median rent of $290.
There are currently 122 properties listed for sale, and 2 properties listed for rent in Metung on OnTheHouse. According to CoreLogic's data, 68 properties were sold in the past 12 months in Metung.

Suburb Insights for Metung 3904

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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.