OFF MARKET

9/44-48 Metung Road
Metung VIC 3904

Bedrooms: 2
Bathrooms: 2
Car spaces: -
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Last updated 14 Oct 2024
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Property Details for 9/44-48 Metung Rd, Metung

9/44-48 Metung Rd, Metung is a 2 bedroom, 2 bathroom Unit and was built in 1993. While the property is not currently for sale or for rent, it was last sold in July 1999.

Building Type
Unit
Year Built
1993
Local Government
East Gippsland
Lot/Plan
6/PS322371

Last Listing description (April 2024)

Located in renowned waterfront resort 'The Moorings at Metung' we present this fabulous investment & holiday opportunity.
Units 8 & 9 at The Moorings are units with an adjoining internal door giving flexibility to use separately or together as a two bedroom, two bathroom suite.
Unit 8 - a fully furnished self-contained luxury spa suite offering one bedroom with ensuite including luxurious spa bath and spacious open plan living comprising kitchen, meals & lounge opening out to a deck with views to Lake King.

Unit 9 - a fully furnished motel suite including mini-bar & tea/coffee making facilities, queen bed + single bed, bathroom and balcony with view to Lake King.
Resort facilities include tennis court, indoor & outdoor swimming pools, bbq facilities and private jetty. Excellent on-site management takes care of bookings, cleaning and maintenance, leaving you to reap the benefits - enjoy use for your own holidays and reap the investment rewards.

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Property History for 9/44-48 Metung Rd, Metung, VIC 3904

A timeline of how this property has performed in the market
Last Sold
$290,000
01 Jul 1999
  • 29 Apr 2024
    Listed for Sale $590,000
  • 07 Jul 2023
    Listed for Sale $650,000
  • 01 Jul 1999
    Sold for $290,000
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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 2,171 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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