14 Hughes StreetOuyen VIC 3490
Property Details for 14 Hughes St, Ouyen
Last Listing description (April 2021)
Exciting opportunity for an enterprising investor to secure the freehold of this popular Motel - Currently leased at $24,000 per annum this motel offers 8 rooms - ranging from double to family accommodation.
Option to "live in" on-site in the 3 bedroom home attached or lease it out also.
Situated just off the highway and within easy walking distance of the town centre.
The current leaseholder has been there for 11 years and the current lease ends in 12 months but has a 10-year option. SURE TO CREATE INTEREST!
Property History for 14 Hughes St, Ouyen, VIC 3490
- 19 Feb 2021Sold for $225,000
- 09 Nov 2020Listed for Sale $230,000 - $250,000
- 16 Dec 2015Sold for $235,000
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0About Ouyen 3490
The size of Ouyen is approximately 1,533.4 square kilometres. It has 16 parks covering nearly 11.1% of total area. The population of Ouyen in 2011 was 1,082 people. By 2016 the population was 1,195 showing a population growth of 10.4% in the area during that time. The predominant age group in Ouyen is 60-69 years. Households in Ouyen are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ouyen work in a managers occupation. In 2011, 73.8% of the homes in Ouyen were owner-occupied compared with 75.4% in 2016.
Ouyen has 917 properties. Over the last 5 years, Houses in Ouyen have seen a 119.39% increase in median value, while Units have seen a 55.28% increase. As at 31 October 2024:
- The median value for Houses in Ouyen is $211,129 while the median value for Units is $353,890.
- Houses have a median rent of $320.
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