OFF MARKET

115 Boundary Road
Orbost VIC 3888

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 100m2
Land area: 512m2
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Property Details for 115 Boundary Rd, Orbost

115 Boundary Rd, Orbost is a 3 bedroom, 1 bathroom House. The property has a land size of 512m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in January 2023.

Building Type
House
Floor Size
100m2
Land Size
512m2
Local Government
East Gippsland
Lot/Plan
1/PS835786

Last Listing description (October 2024)

Situated opposite the Orbost Hospital is this charming three-bedroom weatherboard cottage on an easy to manage block. This historic home, thought to have been originally used by Midwives as a birthing centre, is currently rented to an excellent tenant at $350 per week unitl March 2025. For the savvy investor, this represents an above average gross return around 6.3%!

Stepping up to the home, you are greeted by a shady veranda overlooking the front garden. Inside are three generous sized bedrooms and a hallway leading to the family lounge room featuring a vintage wood fireplace and split system reverse cycle air conditioner. To the rear of the home is a combined kitchen and dining area features a vintage wood-fired stove that is currently decommissioned but provides some old-world charm. There's also a freestanding gas stove, dishwasher and plenty of cupboard space. The family bathroom and a small laundry and separate toilet are located off the kitchen and dining room.

A gateway off Tyndall Street provides secure off-street parking at the rear. The home itself is predominantly concrete stumps with hardwood flooring providing an excellent base to renovate this beautiful old home in the future. The home may also be ideal for the first home buyer to get a foot on the property ladder and would be an excellent investment to retain when ready to go to a larger home, especially considering its rental potential being so close to the Hospital and P-12 Community College.

Orbost is welcoming community located on the Snowy River and is only a short drive to the coastal town of Marlo, where the Snowy meets the sea. Marlo is famous for its fishing, its boating activities and coastal walks. The Orbost CBD is around fifteen minutes' walk to grab a coffee from one of the many cafes in town. There are supermarkets, banks and a variety of retail shops and businesses. Lakes Entrance is around forty-five minutes' drive for the major supermarkets of Woolworths and Aldi and the Gippsland Lakes.

Please view our virtual tour online and call Richard Ivey on 0401 113 310 seven days a week to schedule a private inspection. Inspections available seven days a week by appointment.

Property History for 115 Boundary Rd, Orbost, VIC 3888

A timeline of how this property has performed in the market
Last Sold
$215,000
19 Jan 2023
Listed for Rent
$300/w
23 Feb 2022
  • 02 Jul 2024
    Listed for Sale $289,000
  • 19 Jan 2023
    Sold for $215,000
  • 07 Nov 2022
    Listed for Sale $330,000
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About Orbost 3888

The size of Orbost is approximately 208.6 square kilometres. It has 9 parks covering nearly 86.4% of total area. The population of Orbost in 2011 was 2,493 people. By 2016 the population was 2,231 showing a population decline of 10.5% in the area during that time. The predominant age group in Orbost is 60-69 years. Households in Orbost are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Orbost work in a labourer occupation. In 2011, 69% of the homes in Orbost were owner-occupied compared with 69.9% in 2016.

Orbost has 1,627 properties. Over the last 5 years, Houses in Orbost have seen a 75.04% increase in median value, while Units have seen a 69.10% increase. As at 30 September 2024:

  • The median value for Houses in Orbost is $316,290 while the median value for Units is $275,788.
  • Houses have a median rent of $360.
There are currently 28 properties listed for sale, and no properties listed for rent in Orbost on OnTheHouse. According to CoreLogic's data, 58 properties were sold in the past 12 months in Orbost.

Suburb Insights for Orbost 3888

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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.