52 Reed StreetOrbost VIC 3888
Property Details for 52 Reed St, Orbost
52 Reed St, Orbost is a 4 bedroom, 1 bathroom House and was built in 1965. The property has a land size of 673m2 and floor size of 113m2. While the property is not currently for sale or for rent, it was last sold in May 2022.
Last Listing description (July 2022)
Calling all investors! Here is a great property to add to your rental portfolio. Also suitable for first home buyers trying to get into the property market.
This home has three bedrooms with a room off the master bedroom which could be used as a kids bedroom or nursery or a playroom/tv room. The bathroom has a shower over the bath and a separate toilet. There is a light filled kitchen with a near new electric stove, plenty of cupboards and enough room for a large dining setting. Opening from the kitchen is a spacious loungeroom with a large freestanding slow combustion wood heater and a split system air conditioner, keeping the home at a comfortable temperature all year round. Outside is a large, covered deck, great for entertaining family and friends, and a low maintenance yard where kids and pets can play.
Located close to schools, the Golf Club and Orbost Regional Hospital and Medical Centre and not far from the shops and eateries. Only 15 minutes drive to the coastal town of Marlo and 45 minutes drive to the popular tourist destination of Lakes Entrance in East Gippsland.
Solid investment property, currently tenanted giving a good rental return. Please view on our virtual tour online and call Teresa on 0429 398730 for a private inspection.
Property History for 52 Reed St, Orbost, VIC 3888
- 24 May 2022Sold for $255,000
- 25 Feb 2022Listed for Sale $275,000
- 19 Dec 2013Sold for $120,000
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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.
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