OFF MARKET

55 Sebastopol Hill Road
Omeo VIC 3898

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 21600m2
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Property Details for 55 Sebastopol Hill Rd, Omeo

Building Type
Land
Land Size
21600m2
Local Government
East Gippsland
Lot/Plan
23/PP5617

Last Listing description (January 2024)

Situated within Omeo Township, this expansive 5.3-acre (approx.) plot presents a practical and promising opportunity for development**. Currently zoned as Rural Living, with potential to be rezoned Residential**, the undulating land is well-suited for development, particularly considering the Township's current need for expansion. Main road frontage is a huge benefit of the block, while its strategic location ensures easy access to essential amenities, such as Omeo Hospital and Primary School, both within walking distance.

The further developments happening within Omeo are a growing appeal for the area making this block a desirable opportunity. Positioned as a practical and promising option, this level plot is open for developers looking to contribute to Omeo's evolving landscape and address the increasing demand for housing in the area.

** Subject to council approval as part of the Residential Investigation Project

View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist

Property History for 55 Sebastopol Hill Rd, Omeo, VIC 3898

A timeline of how this property has performed in the market
Last Sold
$450,000
26 Mar 2021
  • 12 Dec 2023
    Listed for Sale Not Disclosed
  • 26 Mar 2021
    Sold for $450,000
  • 29 Apr 2020
    Transferred
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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 2 properties listed for rent in Omeo on OnTheHouse. According to CoreLogic's data, 19 properties were sold in the past 12 months in Omeo.

Suburb Insights for Omeo 3898

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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.