OFF MARKET

7914 Great Ocean Road
Princetown VIC 3269

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 97m2
Land area: 130000m2
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Property Details for 7914 Great Ocean Rd, Princetown

Building Type
Rural
Floor Size
97m2
Land Size
130000m2
Local Government
Corangamite
Lot/Plan
20/TP424791

Last Listing description (December 2024)

Otway Coastal Villas? situated on the Great Ocean Road in the magnificent wetlands of Princetown. Just a short drive to the famous 12 Apostles, Gibson Steps, Gellibrand River and Port Campbell.

Offering the next lucky owner three lovely villas. The first two villas you will come across are identical two-bedroom villas with a modern kitchen/dining/living area with split system and access to an undercover outdoors area with majestic views over the wetlands and the chance to spot wildlife.

The bedrooms consist of calming neutral colourings and timber look floating floor for easy maintenance and the master with a ceiling fan. The bathroom provides a shower, modern back to wall bath for relaxing and a toilet.

The third villa, which was only built six months ago, is a one-bedroom villa, with polished concrete flooring throughout, with an open plan kitchen/dining/living area. The bedroom has a ceiling fan, built in robe and ensuite with shower, with spectacular views out the window to the wetlands.

There is 32 acres of land, some of which is wetlands, but still room to expand with a permit already in place for two more Villas. The outside provides a septic, solar panels on one villa, 6.9-star energy rating, 7 water tanks and a shed near the third dwelling.

Not often an opportunity like this comes along, a sea change with an income, or an established business that can be managed from afar. So, make sure you don?t let this opportunity pass you by. Situated only an hour from Warrnambool and Colac for larger townships, or Timboon only 30 minutes away for all of your amenities, along with Melbourne just a 3-hour drive.

Current financial 22-23 year income of $116,000

Property History for 7914 Great Ocean Rd, Princetown, VIC 3269

A timeline of how this property has performed in the market
Last Sold
$130,000
25 Aug 2017
Listed for Rent
$620/w
06 May 2021
  • 16 Dec 2024
    Listed for Sale $1,890,000
  • 28 Mar 2024
    Listed for Sale Not Disclosed
  • 22 Feb 2023
    Listed for Sale $2,100,000
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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.