OFF MARKET

11 Wallace Street
Mount Beauty VIC 3699

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 137m2
Land area: 813m2
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Property Details for 11 Wallace St, Mount Beauty

11 Wallace St, Mount Beauty is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 2014. The property has a land size of 813m2 and floor size of 137m2. While the property is not currently for sale or for rent, it was last sold in January 2013.

Building Type
House
Year Built
2014
Floor Size
137m2
Land Size
813m2
Local Government
Alpine
Lot/Plan
S2/PS538201

Last Listing description (March 2013)

Development Opportunity in Mount Beauty
Located within the residential district of Mount Beauty this land is 817m2 in size.
Within easy walking distance into town there is also a childrens park just around the corner.

Originally, one large allotment with three units across the front the current owners have subdivided each of the existing three units off as seperate allotments and put in a sealed driveway across the back of the units to form the common access between the original units and the subdivided 11 Wallace Street. Plans have been drawn up to place three units on the 817m2 allotment. The current owners never went ahead with the development of the units and the plans are available to inspect. The plans for the three units were approved at Council in February 2007 and have now lapsed but they are a good starting point for a buyer looking along the same lines to develop. Alternatively this is a residentially zoned allotment and a single dwelling to suite a family wanting to be in town, close to schools and park is also an option.
Haevily reduced in price, this block is a great opportunity for the astute purchaser.

Property History for 11 Wallace St, Mount Beauty, VIC 3699

A timeline of how this property has performed in the market
Last Sold
$77,000
29 Jan 2013
  • 29 Jan 2013
    Sold for $77,000
  • 14 Apr 2008
    Listed for Sale 90000

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About Mount Beauty 3699

The size of Mount Beauty is approximately 53.9 square kilometres. It has 9 parks covering nearly 99.9% of total area. The population of Mount Beauty in 2011 was 818 people. By 2016 the population was 823 showing a population growth of 0.6% in the area during that time. The predominant age group in Mount Beauty is 60-69 years. Households in Mount Beauty are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Beauty work in a labourer occupation. In 2011, 67.4% of the homes in Mount Beauty were owner-occupied compared with 70.5% in 2016.

Mount Beauty has 709 properties. Over the last 5 years, Houses in Mount Beauty have seen a 86.51% increase in median value, while Units have seen a 31.92% increase. As at 31 October 2024:

  • The median value for Houses in Mount Beauty is $581,546 while the median value for Units is $463,862.
  • Houses have a median rent of $445.
There are currently 3 properties listed for sale, and 1 property listed for rent in Mount beauty on OnTheHouse. According to CoreLogic's data, 26 properties were sold in the past 12 months in Mount beauty.

Suburb Insights for Mount Beauty 3699

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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.