OFF MARKET

85 Reed Street
Orbost VIC 3888

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 809m2
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Property Details for 85 Reed St, Orbost

85 Reed St, Orbost is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 809m2. While the property is not currently for sale or for rent, it was last sold in November 2018.

Building Type
House
Land Size
809m2
Local Government
East Gippsland
Lot/Plan
6/LP42193

Last Listing description (November 2024)

Situated close to the Orbost Hospital is this charming three-bedroom home on an easy to manage corner block. Stepping up to the home, you are greeted by a front porch that overlooks the low maintenance front garden. This is a great place to sit and relax, watch the world go by and admire the views across Orbost to the rolling hills of Newmerella. To the front of the home is a large family room featuring a huge front window, inbuilt slow combustion wood heater and an air conditioner. A light and bright kitchen and dining area to the rear of the home has excellent storage and views over the small side garden and vacant blocks opposite.

To the end of the hall are three generous sized bedrooms, two with built in robes, a family bathroom and a separate toilet. Stepping out the rear door there's a small laundry and an undercover entertaining area, perfect for a barbeque with friends during the warmer months. Everybody needs a shed right? Well, this beauty has four in total. There are two fully enclosed garages accessible off Tyndall street complete with concrete floors and power connected. There is a third enclosed storage shed and an open front potting shed/fernery to the eastern side of the block. Additional gated off-street parking for a boat, caravan or trailer is also available at the rear of the block.

A grid connected solar system will help keep those power bills low whilst the flooring of the home is mostly hardwood under carpet and vinyl, providing an excellent base to renovate this character filled home in the future. The home may 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 move to a larger home, especially considering its rental potential being so close to the Hospital and P-12 Community College. For the savvy investor looking for an above average return, an approximate market rent of $400 per week would provide a gross return in excess of 6.1%.

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 85 Reed St, Orbost, VIC 3888

A timeline of how this property has performed in the market
Last Sold
$175,000
26 Nov 2018
  • 03 Oct 2024
    Listed for Sale $340,000
  • 13 Dec 2018
    Listed for Sale $180,000
  • 26 Nov 2018
    Sold for $175,000
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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 1,628 properties. Over the last 5 years, Houses in Orbost have seen a 75.94% increase in median value, while Units have seen a 138.07% increase. As at 31 October 2024:

  • The median value for Houses in Orbost is $323,047 while the median value for Units is $352,094.
  • Houses have a median rent of $360.
There are currently 29 properties listed for sale, and 1 property listed for rent in Orbost on OnTheHouse. According to CoreLogic's data, 57 properties were sold in the past 12 months in Orbost.

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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.