OFF MARKET

16/50 Bank Street
Port Fairy VIC 3284

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 138m2
Land area: 120m2
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Property Details for 16/50 Bank St, Port Fairy

16/50 Bank St, Port Fairy is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 2007. The property has a land size of 120m2 and floor size of 138m2. While the property is not currently for sale or for rent, it was last sold in March 2020.

Building Type
Townhouse
Year Built
2007
Floor Size
138m2
Land Size
120m2
Local Government
Moyne
Lot/Plan
16/PS543657

Last Listing description (May 2020)

Townhouse 16, Level 1 & 2, The Victoria Apartments, Port Fairy. VIC. 3284
LOCATION:
48-50 Bank Street, Port Fairy

Conveniently situated in central Port Fairy with Bank Street frontage The Victoria Apartments are located adjacent to the highly regarded Victoria Hotel and opposite The Stump Hotel, Victoria??s oldest continuously licensed hotel. An easy stroll to Port Fairy restaurants, specialty shopping and fashion boutiques and located just 1.5km from Port Fairy??s East Beach.
TYPE:
Built in 2009, this cleverly designed two storey apartment can be rented as a whole or alternatively, as two separate holiday units thereby maximizing returns. Downstairs features a one bedroom apartment whilst upstairs features a two bedroom apartment. The Apartment also features a double car garage.
Level 1
A studio apartment with king size bedroom with built in robe and en suite bathroom and living area with kitchenette and courtyard access overlooking Bank Street.
The kitchenette includes a microwave, bar fridge and two hotplates beside a cosy lounge area with external access to the courtyard. Black out blinds and second privacy blind assure a comfortable stay for guests along with a split system air conditioning unit for year round comfort.
Level 2
A two bedroom apartment, one king size bedroom with sunlit reading nook and a second queen sized bedroom with frosted glass window for privacy and antenna point for TV - both bedrooms feature built in robes. Family bathroom with large shower, vanity and toilet. Full sized kitchen with Smeg oven and hotplates, Bosch dishwasher and fridge. Ample storage, bench space and breakfast bar for convenience.
COMMENTS
This holiday apartment offers an excellent return on investment with high rental yields with the versatility of split level accommodation making it ideal for small and large group stays. An excellent investment opportunity in central Port Fairy.
Statement of Information: https://s3-ap-southeast-2.amazonaws.com/documents.renet.cloud/coffsagents/9323/listing/20172314/1171278/16-Bank_a35c-a652-cd17-da5b-aa8e-1c91-fe26-8b99_20190913013609.pdf

Property History for 16/50 Bank St, Port Fairy, VIC 3284

A timeline of how this property has performed in the market
Last Sold
$450,000
10 Mar 2020
  • 10 Mar 2020
    Sold for $450,000
  • 21 Nov 2018
    Listed for Sale 470000
  • 06 Feb 2006
    Sold for $475,300

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About Port Fairy 3284

The size of Port Fairy is approximately 115.1 square kilometres. It has 14 parks covering nearly 1.6% of total area. The population of Port Fairy in 2011 was 3,092 people. By 2016 the population was 3,328 showing a population growth of 7.6% in the area during that time. The predominant age group in Port Fairy is 60-69 years. Households in Port Fairy are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Port Fairy work in a professional occupation. In 2011, 72.5% of the homes in Port Fairy were owner-occupied compared with 72.1% in 2016.

Port Fairy has 2,828 properties. Over the last 5 years, Houses in Port Fairy have seen a 78.61% increase in median value, while Units have seen a 5.83% increase. As at 31 August 2024:

  • The median value for Houses in Port Fairy is $994,493 while the median value for Units is $407,367.
  • Houses have a median rent of $480 while Units have a median rent of $460.
There are currently 20 properties listed for sale, and 1 property listed for rent in Port fairy on OnTheHouse. According to CoreLogic's data, 51 properties were sold in the past 12 months in Port fairy.

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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.