OFF MARKET

16 Ranceby Road
Poowong VIC 3988

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 840m2
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Property Details for 16 Ranceby Rd, Poowong

Building Type
Commercial
Land Size
840m2
Local Government
South Gippsland
Lot/Plan
3/LP21409

Last Listing description (March 2013)

GREAT BLOCK - HUGE POTENTIAL
Solid 3 room building on large 880sqm allotment with potential to extend, have a commercial shop-front and live at the rear.
This realistically priced property gives you the opportunity to operate your own business and not pay rent. Currently operating as a hairdressing salon, in the centre of Poowong townships main street, with great exposure and steady passing traffic.

Don't be confused, the freehold is for sale not the business and the current owner will consider leasing the building back.
Hairdressing not your specialty!! Other business opportunities exist in Poowong, or just build your dream home in this quiet close knit community.

Property History for 16 Ranceby Rd, Poowong, VIC 3988

A timeline of how this property has performed in the market
Last Sold
$190,000
10 Dec 2018
  • 10 Dec 2018
    Sold for $190,000
  • 10 Dec 2018
    Sold
  • 21 Mar 2013
    Sold for $100,000
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About Poowong 3988

The size of Poowong is approximately 49.5 square kilometres. It has 3 parks covering nearly 0.2% of total area. The population of Poowong in 2011 was 609 people. By 2016 the population was 637 showing a population growth of 4.6% in the area during that time. The predominant age group in Poowong is 60-69 years. Households in Poowong are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Poowong work in a managers occupation. In 2011, 82.4% of the homes in Poowong were owner-occupied compared with 85.4% in 2016.

Poowong has 558 properties. Over the last 5 years, Houses in Poowong have seen a 80.83% increase in median value. As at 31 October 2024:

  • The median value for Houses in Poowong is $786,185 while the median value for Units is $294,477.
There are currently 10 properties listed for sale, and no properties listed for rent in Poowong on OnTheHouse. According to CoreLogic's data, 15 properties were sold in the past 12 months in Poowong.

Suburb Insights for Poowong 3988

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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.