OFF MARKET

91 Bell Street
Penshurst VIC 3289

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Property Details for 91 Bell St, Penshurst

91 Bell St, Penshurst is a 1 bedroom, 1 bathroom House with 1 parking spaces.

Building Type
House
Local Government
Southern Grampians

Last Listing description (May 2019)

A magnificent building situated prominently on a corner block right in the centre of Penshurst on the main street roundabout adjacent to the post office and hotel. Penshurst is situated on the Hamilton Highway 31km south-east of Hamilton, 200km west of Geelong and 274km Melbourne, and approximately midway between the Grampians - Dunkeld 29km and the sea - Warrnambool 70km & Port Fairy 63km.
This presents unlimited potential with a consistent stream of passing traffic on the main tourist route from the Great Ocean road to the Grampians.
Penshurst is an historic rural service centre situated at the foot of Mt Rouse in South West Victoria. It has a population of around 500 people and offers basic retail, education and health services including 2 primary schools (State & Catholic), aged care facility, hotel, post office, police station and general retail shops. It has a range of sporting facilities including football, netball, cricket and tennis clubs with the Racing Club continuously celebrating its Cup meeting on Boxing day since 1866.

The building consists of five rooms total of about 130 square meters and a courtyard of about 65 square meters with off street parking and a water bore. With wide verandahs to and expansive window display area. This building could be used as a shop and over night accommodation with a kitchen and bathroom and toilet at the back. The building has been re-plastered with high ceilings and large ornate cornices with ceiling roses and large ornate skirting and architraves achieved with professional workmanship. The building has been rewired with multiple power points in each room and ornate light fittings and a TV socket also two new split system air conditioners. It has been completely re-roofed and has new guttering.This is a great opportunity for the right people to operate a successful business.

Property History for 91 Bell St, Penshurst, VIC 3289

A timeline of how this property has performed in the market
  • 14 Nov 2018
    Listed for Sale $250,000

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About Penshurst 3289

The size of Penshurst is approximately 316.8 square kilometres. It has 1 park covering nearly 0.1% of total area. The population of Penshurst in 2011 was 733 people. By 2016 the population was 632 showing a population decline of 13.8% in the area during that time. The predominant age group in Penshurst is 60-69 years. Households in Penshurst are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Penshurst work in a managers occupation. In 2011, 76.4% of the homes in Penshurst were owner-occupied compared with 81.1% in 2016.

Penshurst has 535 properties. Over the last 5 years, Houses in Penshurst have seen a 58.74% increase in median value, while Units have seen a 64.56% increase. As at 31 October 2024:

  • The median value for Houses in Penshurst is $260,437 while the median value for Units is $312,760.
  • Houses have a median rent of $200.
There are currently 2 properties listed for sale, and no properties listed for rent in Penshurst on OnTheHouse. According to CoreLogic's data, 11 properties were sold in the past 12 months in Penshurst.

Suburb Insights for Penshurst 3289

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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.