24 Lethebys RoadSailors Gully VIC 3556
Property Details for 24 Lethebys Rd, Sailors Gully
24 Lethebys Rd, Sailors Gully is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1920. The property has a land size of 3998m2 and floor size of 132m2. While the property is not currently for sale or for rent, it was last sold in March 2023.
Last Listing description (January 2024)
Come to where the blocks are big, the forest is close and the long-term investment potential is huge. Number 24 Lethebys Road is an almost-one acre property with an original goldfields miner's cottage at its heart. Land bank now and get ready for the next boom, on the fringe of beautiful Eaglehawk.
The cottage has been upgraded and updated over the years to present as a comfortable home, plus with the open-plan living we all love. The home is connected to all services including town sewerage.
The neat, corrugated iron facade, with classic front veranda, brings the cottage-style charm and overlooks a big front yard. The home opens to a central hallway, with exposed timber floorboards.
There are three bedrooms within, each with a ceiling fan, and some built-in storage. The bathroom has been updated to include a modern white vanity and titled shower.
The rear of the home opens to the living space, with a vinyl plank floor and split system heating and cooling. The kitchen has a 900mm freestanding stove with five-burner cooktop, a corner pantry and island bench.
A glass sliding door opens to an undercover entertainment space off the back of the cottage, with lovely views of the treetops beyond. There is also a 4kw solar system to keep those power bills down.
The huge block lends itself to potential subdivision, subject to council approval. Sewer is available to connect to, making the property even more attractive to a possible boutique development.
Lethebys Road is just a couple of minutes' drive from Eaglehawk's supermarkets, shopping strip, Canterbury Park and Star Cinema. All in all, a great place to nest and invest! Investors can look at an estimated rental income of $380 per week.
Property History for 24 Lethebys Rd, Sailors Gully, VIC 3556
- 29 Mar 2023Sold for $510,000
- 13 Dec 2022Listed for Sale NEW PRICE: $495,000-$520,000
- 28 May 2009Sold for $140,000
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About Sailors Gully 3556
The size of Sailors Gully is approximately 4.3 square kilometres. The population of Sailors Gully in 2011 was 761 people. By 2016 the population was 705 showing a population decline of 7.4% in the area during that time. The predominant age group in Sailors Gully is 60-69 years. Households in Sailors Gully are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Sailors Gully work in a trades occupation. In 2011, 80.2% of the homes in Sailors Gully were owner-occupied compared with 79.4% in 2016.
Sailors Gully has 388 properties. Over the last 5 years, Houses in Sailors Gully have seen a 59.85% increase in median value. As at 31 October 2024:
- The median value for Houses in Sailors Gully is $500,466 while the median value for Units is $338,506.
- Houses have a median rent of $300.
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