OFF MARKET

49 Mccoy Street
Omeo VIC 3898

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Land area: 984963m2
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Property Details for 49 Mccoy St, Omeo

Building Type
Rural
Land Size
984963m2
Local Government
East Gippsland
Lot/Plan
1/TP240421

Last Listing description (December 2020)

"The Washington Paddock"
How is this for a cracking opportunity? It is rare to find large parcels of arable land, particularly with multiple allotments, on the fringe of a township that is about dramatically escalate in popularity and tourism, such as what is anticipated for the Omeo region. If you have been seriously following the real estate market, and keeping an eye on the regional town of Omeo, you will be well aware that this property represents an excellent investment opportunity now, and will amount to being a good buy in years to come. Check out the video of the property in the listing.
Surrounded by three road frontages, the property is approximately two hundred and forty acres in total size and has town water connected, and power available. The land is fenced on the boundary's, and is divided into approximately three paddocks with three troughs, and has several dams and gullies on the property, along with a large storage shed.

Due to the property being in six allotments, it represents a fantastic opportunity to create boundary realignments between allotments, and it has the opportunity to build on the property, all STCA. There are some fantastic home sites on the land, boasting sensational, and irreplaceable, district views in all directions. Being approximately a couple of kilometres from the centre of Omeo, this would be the ideal position for a quality base as the region grows with developments and popularity.
The property is being offered by Expressions of Interest as a whole, or in two parts of three allotments each, and closes on Tuesday the 8th of December at 5PM sharp. The vendor reserves the right to remove the property from the market, and/or sell the property at any time prior to the conclusion of the advertised EOI marketing campaign.
Inspections are strictly by appointment only for qualified buyers.
All enquiries, please contact Michael Enever on 0458-272 797.

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Property History for 49 Mccoy St, Omeo, VIC 3898

A timeline of how this property has performed in the market
  • 06 Nov 2020
    Listed for Sale Contact Agent

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About Omeo 3898

The size of Omeo is approximately 587.9 square kilometres. It has 6 parks covering nearly 87.8% of total area. The population of Omeo in 2011 was 488 people. By 2016 the population was 388 showing a population decline of 20.5% in the area during that time. The predominant age group in Omeo is 60-69 years. Households in Omeo are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Omeo work in a managers occupation. In 2011, 69.6% of the homes in Omeo were owner-occupied compared with 70.3% in 2016.

Omeo has 651 properties. Over the last 5 years, Houses in Omeo have seen a 78.80% increase in median value, while Units have seen a 234.79% increase. As at 31 October 2024:

  • The median value for Houses in Omeo is $383,299 while the median value for Units is $242,902.
  • Houses have a median rent of $220.
There are currently 8 properties listed for sale, and 1 property listed for rent in Omeo on OnTheHouse. According to CoreLogic's data, 19 properties were sold in the past 12 months in Omeo.

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