SOLD
Sold on 29 May 2024 for $970,000

530 Olivers Road
Nicholson VIC 3882

Bedrooms: 4
Bathrooms: 2
Car spaces: 12
Floor area: 231m2
Land area: 80950m2
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Property Details for 530 Olivers Rd, Nicholson

530 Olivers Rd, Nicholson is a 4 bedroom, 2 bathroom House with 12 parking spaces and was built in 1980. The property has a land size of 80950m2 and floor size of 231m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 4 bedroom House sold in Nicholson in the last 12 months.

Building Type
House
Year Built
1980
Floor Size
231m2
Land Size
80950m2
Local Government
East Gippsland
Lot/Plan
CP106932

Last Listing description (July 2024)

Situated just a 3 minute drive from the Nicholson General Store & Post Office, Nicholson Hotel, Nicholson River and boat ramp, this property makes for a rare opportunity to buy into the tightly held semi-rural area. Offered for the first time in decades, it includes a four-bedroom ranch style home with solar panels to grid, one bedroom self-contained flat, 4 car garage with double carport attached and an industrial size shed, hayshed & stock yards.

Enjoy Gippsland Lakes views from the living areas, verandah and gardens. Pick some fruit from the extensive orchard and grow your own vegies as well. There is even a disused tennis court that could be converted for a variety of uses with its fenced level area. The self-contained flat would be ideal for the extended family or even run as a Bed and Breakfast, it even has its own cellar!

And then there is the enormous shed for all tradespeople, tinkerers and car enthusiasts with its concrete floor, benches and a swing arm gantry for some serious lifting and workshop repairs. A set of stock yards is nearby. The land is situated on a corner having two road frontages which makes it versatile. Water is no problem with two dams, plenty of rainwater tank storage plus town water as well.

This versatile property has plenty of upside. With all its infrastructure it is priced well below replacement cost as the main home is in original condition so it will appeal to those looking to add value by installing new floor coverings and window furnishings, update the kitchen and bathrooms, repaint and general maintenance. Earn income from the flat from either permanent or short term stay rental, establish a hobby farm or run a small business from the main industrial size shed (STCA). For inspection contact Dennis van Reyk on 0409 524 780 at VAN REYK REAL ESTATE BAIRNSDALE.

Property Code: 66

Property History for 530 Olivers Rd, Nicholson, VIC 3882

A timeline of how this property has performed in the market
Last Sold
$970,000
29 May 2024
  • 29 May 2024
    Sold for $970,000
  • 13 Dec 2023
    Listed for Sale $1,000,000
  • 01 Nov 1986
    Sold for $167,500
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About Nicholson 3882

The size of Nicholson is approximately 70 square kilometres. The population of Nicholson in 2011 was 955 people. By 2016 the population was 1,116 showing a population growth of 16.9% in the area during that time. The predominant age group in Nicholson is 60-69 years. Households in Nicholson are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Nicholson work in a trades occupation. In 2011, 85.2% of the homes in Nicholson were owner-occupied compared with 85.9% in 2016.

Nicholson has 922 properties. Over the last 5 years, Houses in Nicholson have seen a 68.09% increase in median value. As at 30 November 2024:

  • The median value for Houses in Nicholson is $733,047 while the median value for Units is $357,326.
  • Houses have a median rent of $315.
There are currently 76 properties listed for sale, and 1 property listed for rent in Nicholson on OnTheHouse. According to CoreLogic's data, 18 properties were sold in the past 12 months in Nicholson.

Suburb Insights for Nicholson 3882

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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.