OFF MARKET

670 Old Warburton Road
Wesburn VIC 3799

Bedrooms: 6
Bathrooms: 2
Car spaces: 4
Floor area: 180m2
Land area: 37000m2
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Property Details for 670 Old Warburton Rd, Wesburn

670 Old Warburton Rd, Wesburn is a 6 bedroom, 2 bathroom House with 4 parking spaces and was built in 1950. The property has a land size of 37000m2 and floor size of 180m2.

Building Type
House
Year Built
1950
Floor Size
180m2
Land Size
37000m2
Local Government
Yarra Ranges

Last Listing description (December 2023)

This unique opportunity emerges from a meticulously maintained property spanning approximately 3.7ha, beautifully canopied by towering Oak trees. The property's appeal is heightened by its panoramic mountain vistas, tranquil gardens, and proximity to the upcoming cycling and equestrian hubs, suggesting the potential for lucrative returns.
The primary residence boasts timeless elegance, infused with modern comforts - hardwood floors, high ceilings, a well-lit open plan living/dining area, a cozy fireplace, and four spacious bedrooms, including a versatile office or 5th bedroom. Additional features such as a sunlit, modern kitchen, an efficiently designed European laundry, and a luxurious central bathroom contribute to the property's investment allure.
The estate also includes a Dependent Person's Unit, and a potential Bed & Breakfast venture (STCA), ensuring multiple income streams for the discerning investor. This unit offers two bedrooms, spacious living/dining areas, a well-appointed kitchen, and comfort-enhancing amenities like a split system for year-round heating and cooling.

The adjacent Wesburn Park, poised to become home to the Mountain Bike Hub & Equestrian Centre, is an added boon, expected to boost property values in the vicinity. This property promises an excellent investment prospect - a remarkable blend of nature, luxury, and promising future growth.

Property History for 670 Old Warburton Rd, Wesburn, VIC 3799

A timeline of how this property has performed in the market
  • 30 Mar 2022
    Listed for Sale $1,450,000 - $1,550,000

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About Wesburn 3799

The size of Wesburn is approximately 40.9 square kilometres. It has 7 parks covering nearly 65.1% of total area. The population of Wesburn in 2011 was 1,178 people. By 2016 the population was 1,007 showing a population decline of 14.5% in the area during that time. The predominant age group in Wesburn is 10-19 years. Households in Wesburn are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Wesburn work in a trades occupation. In 2011, 83.2% of the homes in Wesburn were owner-occupied compared with 83.9% in 2016.

Wesburn has 472 properties. Over the last 5 years, Houses in Wesburn have seen a 35.20% increase in median value, while Units have seen a 51.76% increase. As at 31 October 2024:

  • The median value for Houses in Wesburn is $793,352 while the median value for Units is $675,945.
  • Houses have a median rent of $330.
There are currently 3 properties listed for sale, and no properties listed for rent in Wesburn on OnTheHouse. According to CoreLogic's data, 12 properties were sold in the past 12 months in Wesburn.

Suburb Insights for Wesburn 3799

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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.