OFF MARKET

90 Olsen Road
Nar Nar Goon North VIC 3812

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 125m2
Land area: 19658m2
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Property Details for 90 Olsen Rd, Nar Nar Goon North

90 Olsen Rd, Nar Nar Goon North is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1930. The property has a land size of 19658m2 and floor size of 125m2. While the property is not currently for sale or for rent, it was last sold in April 2017.

Building Type
House
Year Built
1930
Floor Size
125m2
Land Size
19658m2
Local Government
Cardinia
Lot/Plan
1/TP179637

Last Listing description (August 2017)

Here's your chance to secure both an affordable and manageable sized acreage hobby farm, set amongst substantial sized rural properties with price tags to match.
The property comes with the original yet humble, 3 bedroom red cedar home with its meandering rooms all full of personality and charm. While it has received some modern updates many of the home's original features remain intact. Further value to the residence can be added by some updating or renovations. Alternatively, build a bold new residence at the top of the property, where panoramic views make it an ideal site.
This 6.9 acre farmlet, including an existing 79 year lease of 1.85 acres crown land for grazing, is an idyllic mix of cleared and green fertile pastures. Divided into three separate paddocks, with a dam to the rear, it allows sufficient space for horses, animals and livestock. There is also an abundance of mature fruit, citrus and nut trees, two 7,000 gallon water tanks, out buildings and shedding for animals, equipment and vehicles.

This is a prime location for the outdoor enthusiasts, horse rider or weekend hiker, in fact anyone wanting an affordable rural weekend retreat or permanent home. You have the Bunyip State Forest, local riding clubs on your door step and are within an easy commute to the freeway, local shopping centres, schools, train stations and the gateway to many tourist attractions.
The property is currently leased by an excellent tenant until 22nd July 2017. There may be an opportunity for a further term with the tenant, if you wish to secure the property now and move in at a much later date.

Property History for 90 Olsen Rd, Nar Nar Goon North, VIC 3812

A timeline of how this property has performed in the market
Last Sold
$642,000
26 Apr 2017
Listed for Rent
$450/w
13 Jul 2016
  • 31 Jul 2017
    Listed for Sale $595,000 TO $654,000
  • 26 Apr 2017
    Sold for $642,000
  • 10 Feb 2017
    Listed for Sale $595,000 to $654,000 (under offer)
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About Nar Nar Goon North 3812

The size of Nar Nar Goon North is approximately 42.1 square kilometres. It has 5 parks covering nearly 0.7% of total area. The population of Nar Nar Goon North in 2011 was 708 people. By 2016 the population was 729 showing a population growth of 3.0% in the area during that time. The predominant age group in Nar Nar Goon North is 50-59 years. Households in Nar Nar Goon North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nar Nar Goon North work in a trades occupation. In 2011, 89.8% of the homes in Nar Nar Goon North were owner-occupied compared with 85.3% in 2016..

Nar Nar Goon North has 753 properties. Over the last 5 years, Houses in Nar Nar Goon North have seen a 45.55% increase in median value. As at 31 October 2024:

  • The median value for Houses in Nar Nar Goon North is $1,770,195 while the median value for Units is $980,197.
  • Houses have a median rent of $598.
There are currently 15 properties listed for sale, and 3 properties listed for rent in Nar nar goon north on OnTheHouse. According to CoreLogic's data, 29 properties were sold in the past 12 months in Nar nar goon north.

Suburb Insights for Nar Nar Goon North 3812

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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.