OFF MARKET

58 Barrett Street
Timboon VIC 3268

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 156m2
Land area: 2045m2
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Last updated 14 Oct 2024
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Property Details for 58 Barrett St, Timboon

58 Barrett St, Timboon is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1970. The property has a land size of 2045m2 and floor size of 156m2. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
House
Year Built
1970
Floor Size
156m2
Land Size
2045m2
Local Government
Corangamite
Lot/Plan
1/TP376347

Last Listing description (October 2024)

Located only a short walk to the towns CBD where you are sure to find your perfect take away coffee and cake, and only a short walk to the towns Hospital, Medical Centre and P12 School.

Sitting on just over a half-acre in total, the property offers a real opportunity to create a separate block at the rear (stca) as per the proposed plan of subdivision provided with this property, the house portion with the house sits on a 1001m2 parcel whilst the rear block would offer 1044m2.

The home comprises of 3 bedrooms all of which have BIR's, a large open plan Kitchen/Dining and living area, the living having direct access to the front deck and the kitchen leads you out to the undercover patio area. There is a main bathroom central to the home and a secondary shower in the laundry.

Recently let out for both Airbnb accommodation and full-time rental, the home offers huge potential for a secure investment through accommodation alone, but the real bonus is the opportunity to capitalise on the potential offered with the proposed plan to apply for a 2 lot subdivision(stca).

Investment properties such as this are a rare find indeed in Timboon.

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Property History for 58 Barrett St, Timboon, VIC 3268

A timeline of how this property has performed in the market
Last Sold
$275,000
12 Aug 2021
Listed for Rent
$425/w
09 Feb 2022
  • 26 Mar 2024
    Listed for Sale $550,000
  • 02 May 2023
    Listed for Rent $425 / week
  • 25 Jan 2022
    Listed for Rent - Price not available
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About Timboon 3268

The size of Timboon is approximately 82 square kilometres. It has 1 park covering nearly 0.5% of total area. The population of Timboon in 2011 was 1,255 people. By 2016 the population was 1,191 showing a population decline of 5.1% in the area during that time. The predominant age group in Timboon is 50-59 years. Households in Timboon are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Timboon work in a labourer occupation. In 2011, 80.6% of the homes in Timboon were owner-occupied compared with 78.2% in 2016.

Timboon has 863 properties. Over the last 5 years, Houses in Timboon have seen a 59.03% increase in median value, while Units have seen a 12.65% increase. As at 30 September 2024:

  • The median value for Houses in Timboon is $426,697 while the median value for Units is $328,713.
  • Houses have a median rent of $410.
There are currently 8 properties listed for sale, and no properties listed for rent in Timboon on OnTheHouse. According to CoreLogic's data, 26 properties were sold in the past 12 months in Timboon.

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