9 Koala CourtOrbost VIC 3888
Property Details for 9 Koala Ct, Orbost
9 Koala Ct, Orbost is a 3 bedroom, 1 bathroom House and was built in 1970. The property has a land size of 599m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last transferred in July 2023.
Last Listing description (September 2023)
Calling all investors, tradies or first home buyers! Here is an opportunity to purchase a cheap, fixer upper. Just bring along your tools and paint and give the home a much needed face-lift, a chance to put your own touch and style on the property and make it yours.
The three-bedroom home is located in a quiet court location (599m2) with rural views to the rear. The home has a good-sized lounge leading into a galley kitchen and adjoining dining area. There is a large master bedroom with two entrances, one from the lounge and the other from the hallway. The other two bedrooms are placed near the two-way bathroom and separate toilet and laundry.
The property is fully fenced with a spacious backyard and has a small garden shed at the rear of the property. The exterior of the home has shadow-line fibro, tiled roof, aluminium windows, screen doors and concrete stumps. It's a solid home that needs some TLC with some repairs such as broken glass in some of the windows and the split system air-conditioner needs to be fixed as well as repainting the inside walls. Under the existing floor coverings are timber floorboards which would come up a treat for the new owners.
This property could be that bargain buy you've been looking for! Once you do the repairs and face-lift to this home it would be ideal as a rental property as there is a strong demand for this type of home and there is limited stock on the current rental market. Potential rent could be around $300 per week providing a gross return around 7% (based on purchase price plus stamp duty). Alternatively fix it up and make it your new home, the choice is yours!
Orbost is a welcoming community with lots to offer such as primary and secondary schools, police and courthouse, banks, supermarkets, cafes, restaurants, hotel, Orbost Club Bistro, post office and a variety of gift and clothing shops. Forest park is nestled on the Snowy River and is a great spot for passing tourists to stop for a rest and maybe take a stroll to the famous Slab Hut for information of the area. There is the local Arts Timber Exhibition Centre nearby and also Sailors Grave Brewery, great spot for a drink or two. Orbost is a quaint rural town but it is still only a fifteen minute drive to the coastal town of Marlo or around a forty- five minute drive to the popular tourist destination of Lakes Entrance for more surf beaches and the Gippsland Lakes.
Please contact Toni Spires on 0468 947 942 or Matt Byrne on 0410 681 323 seven days a week to schedule an inspection.
Property History for 9 Koala Ct, Orbost, VIC 3888
- 27 Jul 2023Transferred for $190,000
- 20 May 2023Listed for Sale $195,000
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0About 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 75.04% 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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