OFF MARKET

21 Old Post Office Road
Princetown VIC 3269

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 110m2
Land area: 944m2
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Last updated 16 Dec 2024
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Property Details for 21 Old Post Office Rd, Princetown

21 Old Post Office Rd, Princetown is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1970. The property has a land size of 944m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in August 2018.

Building Type
House
Year Built
1970
Floor Size
110m2
Land Size
944m2
Local Government
Corangamite
Lot/Plan
1/PS614170

Last Listing description (September 2021)

With a return near on 20% return on investment. One glance on the map and you soon realise this property is one of the best located homes in Australia - yes Australia. On the doorstep of the Great Ocean Road, Australia's most frequented holiday destination, you will find the quiet and charming town of PRINCETOWN, comprising a Pub ( of course ), a backpackers, a store, and a few other houses. The wetlands to the north and the river and estuary to the South. This is sight-seers and fishing paradise. The home comprises 3 bedrooms, fully equipped kitchen with DW, large meals/sitting area, sleepy lounge with gas log fire, the laundry is in with the bathroom but seems to work really well. The north facing deck and views over the wetlands is to die for, gently undulating block from front to back.
Princetown is literally on the doorstep of the most spectacular coastline anywhere in the world. This home has been used as overnight accommodation, very successfully I might add. Figures available to the discerning buyer, with returns up near 20% ROI. There's room on the large allotment of 939m2 to plonk a managers cabin onsite/convert the garage into living quarters and keep the highly successful "Apostles Rest" business going. Or, use the house as your own residence - they don't come much more peaceful than this, with the hustle and bustle of Port Campbell only moments away. It's been priced acordingly , the owners are now wanting a rest from " Apostles Rest". I'd be delighted to show you what the district has to offer.

https://www.airbnb.com.au/rooms/12518761?preview_for_ml#host-profile

Property History for 21 Old Post Office Rd, Princetown, VIC 3269

A timeline of how this property has performed in the market
Last Sold
$310,000
24 Aug 2018
Listed for Rent
$250/w
31 Dec 2011
  • 16 Feb 2020
    Listed for Sale $349,000
  • 27 Feb 2019
    Listed for Sale $330,000
  • 24 Aug 2018
    Sold for $310,000
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About Princetown 3269

The size of Princetown is approximately 119.9 square kilometres. It has 3 parks covering nearly 28% of total area. The population of Princetown in 2011 was 353 people. By 2016 the population was 245 showing a population decline of 30.6% in the area during that time. The predominant age group in Princetown is 0-9 years. Households in Princetown are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Princetown work in a managers occupation. In 2011, 67.2% of the homes in Princetown were owner-occupied compared with 66.6% in 2016..

Princetown has 157 properties. Over the last 5 years, Houses in Princetown have seen a 107.69% increase in median value. As at 30 November 2024:

  • The median value for Houses in Princetown is $785,090 while the median value for Units is $641,784.
There are currently 5 properties listed for sale, and no properties listed for rent in Princetown on OnTheHouse. According to CoreLogic's data, 4 properties were sold in the past 12 months in Princetown.

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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.