OFF MARKET

41-43 Mcrae Road
Wye River VIC 3234

Bedrooms: 3
Bathrooms: 2
Car spaces: 7
Floor area: 193m2
Land area: 3244m2
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Property Details for 41-43 Mcrae Rd, Wye River

41-43 Mcrae Rd, Wye River is a 3 bedroom, 2 bathroom House with 7 parking spaces and was built in 1960. The property has a land size of 3244m2 and floor size of 193m2. While the property is not currently for sale or for rent, it was last sold in June 2019.

Building Type
House
Year Built
1960
Floor Size
193m2
Land Size
3244m2
Local Government
Colac Otway
Lot/Plan
2/LP14927

Last Listing description (June 2019)

One of the Great Ocean Road's most iconic properties and a very special Wye River beach home.
Four titles totalling 3200 sqm, positioned directly above the beach and essential town amenities, providing an abundance of opportunity to further develop. (S.T.C.A.)
The view is amazing and features all of Wye Beach and ocean expanse beyond plus a panoramic vista to the north west. You will never be built out.

The large brick and timber home is a striking prominent building easily recognizable and proudly overlooking the town. Updated over the past 18 years by current owner.
Some interesting and quirky outbuildings, including a self contained flat and original staff quarters provide the potential for further accommodation and storage areas. They need rectification work to make functional.
This is Wye River's absolute sunniest position providing a sunrise and sunset nearly all year round. Beautifully protected from prevailing winds and extremely private with only a gentle slope over the site.
A rare opportunity to purchase quality coastal real estate.

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Property History for 41-43 Mcrae Rd, Wye River, VIC 3234

A timeline of how this property has performed in the market
Last Sold
$1,600,000
22 Jun 2019
  • 25 Jun 2019
    Listed for Sale Not Disclosed
  • 22 Jun 2019
    Sold for $1,600,000
  • 04 Dec 2018
    Listed for Sale $1,750,000
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About Wye River 3234

The size of Wye River is approximately 35.8 square kilometres. It has 3 parks covering nearly 127% of total area. The population of Wye River in 2011 was 234 people. By 2016 the population was 51 showing a population decline of 78.2% in the area during that time. The predominant age group in Wye River is 50-59 years. Households in Wye River are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wye River work in a labourer occupation. In 2011, 77.4% of the homes in Wye River were owner-occupied compared with 61.5% in 2016.

Wye River has 375 properties. Over the last 5 years, Houses in Wye River have seen a 64.36% increase in median value, while Units have seen a -21.21% decrease. As at 30 September 2024:

  • The median value for Houses in Wye River is $1,042,392 while the median value for Units is $392,771.
There are currently 2 properties listed for sale, and no properties listed for rent in Wye river on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Wye river.

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