5 Durimbil AvenueWye River VIC 3234
Property Details for 5 Durimbil Ave, Wye River
Last Listing description (December 2022)
A large 840 sqm vacant block with dual street frontage and with an established concrete driveway access off Durimbil Avenue.
Established homes exist either side of the title so you can design for maximum view, privacy, vehicle access and sun with greater ease.
The view is outstanding with sweeping views of Wye Point, the waves crashing below on the beach and lovely treed surrounds.
A previous home once stood with pride on the block and the long-term owners will now reluctantly pass on to a new owner to enjoy as much as their families did for decades. Some historical level areas remain on the land and will make it easier to plan your future beach home design.
Inspect at your leisure!
Property History for 5 Durimbil Ave, Wye River, VIC 3234
- 22 Dec 2022Sold for $670,000
- 09 Dec 2022Listed for Sale $675,000
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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.
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