650 Cape Nelson RoadPortland West VIC 3305
Property Details for 650 Cape Nelson Rd, Portland West
Last Listing description (November 2024)
Situated just 5km from the edge of Portland and 4km from the Cape Nelson Lighthouse is this uniquely beautiful two storey bluestone home plus separate bluestone cottage.
"Cape Nelson Accommodation & Gardens" is currently showing an excellent yearly income with the potential for further growth. Currently showing good returns as a short term rental, "Cape Nelson Cottage" alone, the main homestead is also earning an additional income that can be easily developed further.
With the 20 plus acres, there is also the opportunity to agist the land and make a further income.
Main Homestead
Stepping into the main home you find yourself in a very spacious living area containing a combined kitchen with combustion stove, electric stove, dishwasher, stainless steel splashbacks and timber cabinets. The kitchen combines with the dining area plus a sunken lounge with high cathedral ceilings, Conara heater and new reverse cycle air conditioner.
There are 3 bedrooms located on the lower floor plus the main bathroom and laundry with an extra shower and toilet, a completely renovated pool room with a billiard table plus a cosy sunroom. Upstairs also houses a spacious living area with bar, large main bedroom with en-suite and air conditioning and a study or fifth bedroom.
Plus there is an NBN satellite installed, solar hot water panels and 12 x 300 watt solar panels.
Cape Nelson Cottage
The 2 storey Blue Stone cottage is currently a short term rental producing an income of $30,000 - $40,000 per annum. It consists of two bedrooms, kitchen and bathroom, lounge room with fire and air conditioner. The cottage has been fully renovated and is wired for additional solar panels. The cottage will be sold fully furnished as a viable and immediate income.
Gardens & Acreage
A fully maintained garden is a showpiece to be enjoyed. There is a large undercover area perfect for entertaining plus ample shedding, garage and woodshed.
Hidden away in the gardens you will find an equipped caravan with electricity and air-conditioning and TV perfect for backpackers or family friends.
The property provides ample water supply with 3 x 30,000 litre rainwater tanks, 2 x 15,000 litre rainwater tanks for the cottage plus 5,000 litre and 3,000 litre tanks as back up collection booster tanks.
An underground bore with brand new pump, garden shed, vegetable garden, chicken run and fruit trees galore are also on hand.
A fully fenced paddock surrounded by newly planted trees has the potential to be a large vegetable producing area, tennis court or even a pool.
Three fully fenced paddocks surround the property with two dams supplying water.
NB: Red boundary lines are an approximate only.
Property History for 650 Cape Nelson Rd, Portland West, VIC 3305
- 25 Sep 2017Listed for Sale $625,000
- 19 Apr 2013Sold for $355,000
- 28 Mar 2011Listed for Sale 390000
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About Portland West 3305
The size of Portland West is approximately 74.2 square kilometres. It has 4 parks covering nearly 25% of total area. The population of Portland West in 2011 was 630 people. By 2016 the population was 555 showing a population decline of 11.9% in the area during that time. The predominant age group in Portland West is 50-59 years. Households in Portland West are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Portland West work in a trades occupation. In 2011, 88.2% of the homes in Portland West were owner-occupied compared with 86% in 2016..
Portland West has 324 properties. Over the last 5 years, Houses in Portland West have seen a 73.00% increase in median value, while Units have seen a 724.78% increase. As at 31 October 2024:
- The median value for Houses in Portland West is $788,660 while the median value for Units is $472,433.
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