OFF MARKET

460 Bear Gully Road
Tarwin Lower VIC 3956

Bedrooms: 7
Bathrooms: 2
Car spaces: -
Land area: 19600m2
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Property Details for 460 Bear Gully Rd, Tarwin Lower

Building Type
Land
Land Size
19600m2
Local Government
South Gippsland
Lot/Plan
1/LP215091

Last Listing description (June 2023)

> https://drive.google.com/drive/folders/1kakpxcuG6J4iguBgSg75MgtSYRlWLvTs?usp=share_link

MAKE MONEY, MOVE IN OR BOTH

Currently marketed as a short stay retreat, 'Wirrega' is a popular destination for families, couples, social groups and tourists seeking comfortable accommodation along South Gippsland's coastline.

Easy to book and pay via the 'Wirrega' website, the property generates consistent income from short and medium term stays. Booked most weekends and extremely popular across school holiday periods, weekend tariffs start from $2,650, full week bookings from $3,600.

'Wirrega's' booking system provides the current owners with the ability to block out periods for personal use.

To view the 'Wirrega' booking portal please follow this link >> https://www.wirrega.com.au

THE GROUNDS

Surrounded by natural coastal flora and fauna, there's plenty to explore across the property and beyond into Cape Liptrap Coastal Park and Maitland Beach (Waratah Bay).
The property features several secluded short-stay sites suitable for camping or caravan sites.

A semi-completed beach bungalow at the front of the property has potential for secondary accommodation (STCA) and is currently utilised as a convenient beach shack for storage. The south-easterly view from the beach bungalows newly restored observation deck, across Waratah Bay to Wilson's Promontory is something special to behold.

LOCATION

- Chadstone Shopping Centre - 172km*, 2hr 16min*
- Inverloch - 47km*, 41min*
- Sandy Point - 32km*, 32min*
- Wilson's Promontory National Park - 74km*, 1hr 11min*

#VISITGIPPSLAND

The South Gippsland region is a fast becoming a popular region for those seeking to escape the metropolitan madness of Melbourne. With lush hills of the hinterland to dreamy coastline, the region offers gourmet eats and pinot from dirt worth tasting. To learn more about attractions and what to do in South Gippsland please follow this link >> https://www.visitgippsland.com.au/

Either as a permanent residential destination, a weekend retreat or and AirBNB investment, you must inspect 'Wirrega'.

Sale by Deadline closing Wednesday 12 April at 4:00pm.

Inspections by appointment only. Contact Fiona McMahon-Hughes 0417 743 355 or Jason Hellyer 0403 043 571.

Property History for 460 Bear Gully Rd, Tarwin Lower, VIC 3956

A timeline of how this property has performed in the market
Last Sold
$1,460,000
30 Nov 2016
  • 13 Mar 2023
    Listed for Sale Sale by Deadline - Contact Agent
  • 30 Nov 2016
    Sold for $1,460,000
  • 12 Jul 2016
    Listed for Sale Offers over 1.5MIL
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About Tarwin Lower 3956

The size of Tarwin Lower is approximately 206.4 square kilometres. It has 1 park covering nearly 8.8% of total area. The population of Tarwin Lower in 2011 was 360 people. By 2016 the population was 374 showing a population growth of 3.9% in the area during that time. The predominant age group in Tarwin Lower is 60-69 years. Households in Tarwin Lower are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Tarwin Lower work in a managers occupation. In 2011, 73.8% of the homes in Tarwin Lower were owner-occupied compared with 81.7% in 2016.

Tarwin Lower has 418 properties. Over the last 5 years, Houses in Tarwin Lower have seen a 98.52% increase in median value, while Units have seen a -28.59% decrease. As at 30 November 2024:

  • The median value for Houses in Tarwin Lower is $882,073 while the median value for Units is $805,278.
There are currently 11 properties listed for sale, and no properties listed for rent in Tarwin lower on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Tarwin lower.

Suburb Insights for Tarwin Lower 3956

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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.