OFF MARKET

57A Swan Reach Road
Swan Reach VIC 3903

Bedrooms: 13
Bathrooms: -
Car spaces: -
Land area: 115863m2
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Property Details for 57a Swan Reach Rd, Swan Reach

57a Swan Reach Rd, Swan Reach is a 13 bedroom, bathroom Unit. The property has a land size of 115863m2. While the property is not currently for sale or for rent, it was last sold in May 2021.

Building Type
Unit
Land Size
115863m2
Local Government
East Gippsland
Lot/Plan
2/PS344941

Last Listing description (August 2020)

Tambo Park Cottages are located 300 kilometres East of Melbourne in Swan Reach, midway between Lakes Entrance and Bairnsdale. The property comprises five fully self-contained (3.5 star rated) cottages, a large four-bedroom family home with water glimpses and extensive shedding all set on approximately 29 acres of gently sloping farmland. The cottages are within easy reach of many of East Gippsland's attractions including the Gippsland Lakes, Ninety-Mile Beach, East Gippsland Rail Trail and the Victorian High Country. The township of Swan Reach has a hotel (with courtesy bus), fuel station, pizza shop, general store and football oval and sits on the banks of the Tambo River. The small town of Johnsonville is just a few minutes up the Princes Highway, which boasts an excellent boat ramp on the Tambo River.

The Cottages are located inside a private, fenced off parcel of land in the centre of the property and are surrounded by shade trees and lawn areas. Each cottage is fully self-contained with cooking facilities, gas heater, air conditioner, washing machine, clothesline, television, microwave, linen, crockery, cutlery, pots and pans. One cottage also has a spa bath. The layout of each cottage includes a kitchen, lounge, bathroom, two-bedrooms, a veranda and carport. To cater to a variety of guest requirements, sleeping configurations vary for each cottage with each sleeping between four and six guests. Town water is connected to the property and there is also rainwater storage onsite.

The cottages are located a suitable distance from the main home and there is plenty of level ground behind the cottages (to the western side) for children to play. There is plenty of space for parking of boats, trailers and caravans. There is a communal undercover barbeque area in the centre of the circular driveway, a children's play area and to the eastern side, opposite the cottages, there is a dedicated fish cleaning station. There is also additional space inside the fenced off cottage reserve which could be utilised for other accommodation such as caravans or camping (subject to council approval).

The main home is well appointed and includes an office and storeroom which contains linen, consumables and replacements for the cottages. There are four bedrooms all with built-in-robes and the master with ensuite. An outdoor entertaining area faces east toward the entry to the property. There are three large sheds on the property located out of sight of the cottages.

The tariff for each cottage varies depending on whether the stay is during off-peak or peak tourist periods. In the past most booking have been made directly with Tambo Park Cottages, but the owners have recently started utilising online travel booking sites.

The property has been run as a part-time business by one of the owners whilst the other owner worked full-time in Melbourne. Therefore, in terms of the future earnings potential of a property such as this, it is only limited by the new owner's imagination and time they are prepared to put into the business. There may also be future development potential for the property which could generate additional revenue streams (subject to council and regulatory approval). To discuss this opportunity further or to request a brochure, please call Richard Ivey on 0401 113 310.

Property History for 57a Swan Reach Rd, Swan Reach, VIC 3903

A timeline of how this property has performed in the market
Last Sold
$1,150,000
27 May 2021
  • 27 May 2021
    Sold for $1,150,000
  • 24 Dec 2019
    Listed for Sale $1,100,000
  • 01 Jul 2002
    Sold for $435,000

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About Swan Reach 3903

The size of Swan Reach is approximately 37.7 square kilometres. It has 1 park covering nearly 13% of total area. The population of Swan Reach in 2011 was 625 people. By 2016 the population was 743 showing a population growth of 18.9% in the area during that time. The predominant age group in Swan Reach is 60-69 years. Households in Swan Reach are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Swan Reach work in a trades occupation. In 2011, 78% of the homes in Swan Reach were owner-occupied compared with 79.9% in 2016.

Swan Reach has 491 properties. Over the last 5 years, Houses in Swan Reach have seen a 59.85% increase in median value. As at 31 October 2024:

  • The median value for Houses in Swan Reach is $756,236 while the median value for Units is $221,886.
  • Houses have a median rent of $300.
There are currently 11 properties listed for sale, and 1 property listed for rent in Swan reach on OnTheHouse. According to CoreLogic's data, 8 properties were sold in the past 12 months in Swan reach.

Suburb Insights for Swan Reach 3903

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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.