OFF MARKET

6/50 Metung Road
Metung VIC 3904

Bedrooms: 2
Bathrooms: -
Car spaces: 1
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Property Details for 6/50 Metung Rd, Metung

6/50 Metung Rd, Metung is a 2 bedroom, bathroom Unit with 1 parking spaces and was built in 1989. While the property is not currently for sale or for rent, it was last sold in October 2018.

Building Type
Unit
Year Built
1989
Local Government
East Gippsland
Lot/Plan
6/PS307150

Last Listing description (November 2017)

Situated in Metung Village in centre of the cafe, restaurant strip with plenty of foot traffic daily. Floor area approx.
Current lease is in 3rd year of first 5 year period with 2 further terms of 5 years each.

Utilities to be on a pro rata basis, with adjoining business.
Rental and other outgoings available upon request.

Property History for 6/50 Metung Rd, Metung, VIC 3904

A timeline of how this property has performed in the market
Last Sold
$1,270,000
15 Oct 2018
Listed for Rent
$230/w
10 Nov 2017
  • 15 Oct 2018
    Sold for $1,270,000
  • 21 Jul 2017
    Listed for Rent - Price not available
  • 17 Apr 2017
    Listed for Rent - Price not available

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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 2,175 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.
There are currently 106 properties listed for sale, and 2 properties listed for rent in Metung on OnTheHouse. According to CoreLogic's data, 57 properties were sold in the past 12 months in Metung.

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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.