7 Nicholson StreetPorepunkah VIC 3740
Property Details for 7 Nicholson St, Porepunkah
Last Listing description (July 2019)
The Porepunkah Road House is a unique commercial building servicing the local Porepunkah community. The building houses a mixed business comprising of a Service Station, Take-Away food outlet, Australia Post outlet including general store lines. The business is well patronised by the local community and seasonal holiday makers. Porepunkah is strategically positioned to take full advantage of both winter and summer tourism and recognised as the gateway to two of Victorias popular and most frequently visited snow fields, Mt Buffalo and Mt Hotham. The Ovens River is popular amongst the camping and caravanning enthusiasts as are the National Parks which offers beautiful natural bushland and walking trails. The destination is also widely accepted as having some of the most challenging 4 wheel drive tracks in Australia. Porepunkahs geographic location will always secure the longevity of this versatile community based freehold building. The building is currently leased to a long term tenant and has a strong and consistent rental history over many years . The current lease has 2 x 3 year options remaining, expiring on the 31st July 2026. . For further details call George Bourdis on 0412 291974.
Property History for 7 Nicholson St, Porepunkah, VIC 3740
- 27 Jun 2019Sold for $260,000
- 28 May 2019Listed for Sale Auction
- 19 Nov 2009Listed for Sale $195,000 INCL STOCK
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About Porepunkah 3740
The size of Porepunkah is approximately 71.9 square kilometres. It has 4 parks covering nearly 5.5% of total area. The population of Porepunkah in 2011 was 952 people. By 2016 the population was 954 showing a population growth of 0.2% in the area during that time. The predominant age group in Porepunkah is 60-69 years. Households in Porepunkah are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Porepunkah work in a managers occupation. In 2011, 77.1% of the homes in Porepunkah were owner-occupied compared with 71% in 2016.
Porepunkah has 654 properties. Over the last 5 years, Houses in Porepunkah have seen a 78.01% increase in median value, while Units have seen a 37.97% increase. As at 31 October 2024:
- The median value for Houses in Porepunkah is $1,069,630 while the median value for Units is $499,618.
- Houses have a median rent of $550.
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