5 Iluka AvenueWye River VIC 3234
Property Details for 5 Iluka Ave, Wye River
5 Iluka Ave, Wye River is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 630m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in December 2022.
Last Listing description (December 2022)
Spectacular 180 ocean and coastline views are enjoyed over the entire 626 sqm (approx.) vacant allotment. Abutting a road reserve on the north side and a large government easement to the west boundary. Your feeling of space and privacy is the equivalent to occupying a double block.
The land faces east and captures the sunrise all year long and with no neighbours to the north side, you could design to capture much desired sun all day long. Crashing surf views below, a panoramic view to Wye River point and the bold horizon line are much desired vistas in one of Wye's most popular streets. Only steps away from the historic and newly refurbished Paddy's Path for a seven-minute, gentle amble down to the pub, general store and surf club.
A planning permit is due to expire for a compact bespoke design that suited the current owner. Activate quickly or indeed re-design with no pressure. A concrete driveway is also already cut into the block and the view line is so clean with no powerlines in the street (all underground past 2015 fires).
Inspect at your leisure.
Property History for 5 Iluka Ave, Wye River, VIC 3234
- 18 Dec 2022Sold for $750,000
- 24 Nov 2022Listed for Sale $790,000
- 23 Jun 2014Sold for $630,000
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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 377 properties. Over the last 5 years, Houses in Wye River have seen a 65.03% increase in median value, while Units have seen a -21.21% decrease. As at 31 October 2024:
- The median value for Houses in Wye River is $1,049,421 while the median value for Units is $273,990.
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