SOLD
Sold on 06 Dec 2023 for $715,000

68 Nyora Road
Poowong VIC 3988

Bedrooms: 2
Bathrooms: -
Car spaces: -
Floor area: 166m2
Land area: 12500m2
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Property Details for 68 Nyora Rd, Poowong

Building Type
Land
Year Built
1995
Floor Size
166m2
Land Size
12500m2
Local Government
South Gippsland
Lot/Plan
1/TP612591

Last Listing description (June 2023)

Historically the site of the second school in Poowong and later the Bindaree School Camp this gently sloping 3.1 Acres (1.25Ha) parcel in two Titles is steeped in the memories of the district.
Zoned: General Residential Zone the property is the ideal configuration for first time or experienced developers, an astute family with an eye to succession planning or simply a family or group wanting to pool resources to develop their own idyllic haven.
With a Planning Permit for a sixteen (16) Lot Body Corporate subdivision granted by the South Gippsland Shire Council in place, and allowance for a Wetland Reserve incorporating a substantial water feature (existing); and power, water and sewer available this is truly a blue chip opportunity to create an enviable lifestyle community.

The original Bindaree School Camp Mess Hall (still on site) is a very useful element to the property.
Poowong is a progressive rural hub with well developed amenities (including Primary School, Community Hall, heated swimming pool, basketball stadium, footy oval, netball and tennis courts, shops, Pub, cafes, churches, Sculpture Park and services. Conveniently located to access Drouin/ Warragul, Korumburra, Cranbourne, and the delights of Phillip Island and Inverloch; Poowong, nestled in the lush countryside with view across the rolling hills and with pioneering country spirit is a great place to call home.

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Property History for 68 Nyora Rd, Poowong, VIC 3988

A timeline of how this property has performed in the market
Last Sold
$715,000
06 Dec 2023
  • 06 Dec 2023
    Sold for $715,000
  • 07 Jun 2023
    Listed for Sale Not Disclosed
  • 27 Jun 2017
    Listed for Sale $785,000
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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 83.95% increase in median value. As at 31 July 2024:

  • The median value for Houses in Poowong is $777,630 while the median value for Units is $391,229.
There are currently 9 properties listed for sale, and no properties listed for rent in Poowong on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Poowong.

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