OFF MARKET

54 Bank Street
Port Fairy VIC 3284

Bedrooms: 8
Bathrooms: 7
Car spaces: 3
Land area: 121m2
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Property Details for 54 Bank St, Port Fairy

54 Bank St, Port Fairy is a 8 bedroom, 7 bathroom House with 3 parking spaces. The property has a land size of 121m2. While the property is not currently for sale or for rent, it was last sold in February 2016.

Building Type
House
Land Size
121m2
Local Government
Moyne
Lot/Plan
1/PS712625

Last Listing description (April 2020)

A unique accommodation business is listed for sale on a walk in walk out basis, offering an excellent opportunity for those looking for a change in lifestyle and a chance to live and work in beautiful Port Fairy.
Currently family owned and operated, 54 on Bank is a well established business delivering consistent returns. The business has a strong marketing profile with excellent occupancy attracting both national and international guests. The property offers a choice of 3 different styles of luxury accommodation. This includes 4 self contained queen suites and 2 ground floor apartments in an architect designed building constructed out of local Dunkeld sandstone and a separate historical two bedroom cottage. Adjoining the cottage is a front reception office plus storage for management and housekeeping staff. The property has three separate titles yet is being sold as one entity to allow the astute buyer to operate the business while retaining the flexibility to sell individual titles should they so choose.

The property features quality furnishings throughout and has been tastefully redecorated by the current owners. The apartments and cottage are fully self contained and offer high end en-suites with spa baths, gas log fires in a separate living area, a full kitchen with closet laundry and off street parking. The upper level loft queen suites are unique in their style with dormer windows, large skylights, a kitchenette and separate en-suite. Parking is at street level adjacent to the entrance.

54 on Bank is ideally located on the main street coming into the town centre. It is one of the first accommodation properties to catch your eye as you drive into town and provides easy access to the cafes, restaurants and boutique shopping that Port Fairy is renowned for. This is a fantastic lifestyle opportunity in a wonderful coastal community.

Contact Stockdale & Leggo Port Fairy for Further information.

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Property History for 54 Bank St, Port Fairy, VIC 3284

A timeline of how this property has performed in the market
Last Sold
$940,000
23 Feb 2016
  • 14 Jan 2020
    Listed for Sale $1,595,000
  • 23 Feb 2016
    Sold for $940,000
  • 19 Aug 2013
    Listed for Sale $990,000

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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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