OFF MARKET

7 Riverside Drive
Wye River VIC 3234

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 87m2
Land area: 834m2
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Last updated 28 Oct 2024
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Property Details for 7 Riverside Dr, Wye River

7 Riverside Dr, Wye River is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1950. The property has a land size of 834m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in December 2007.

Building Type
Unit
Year Built
1950
Floor Size
87m2
Land Size
834m2
Local Government
Colac Otway
Lot/Plan
27/LP27622

Last Listing description (December 2007)

WATCH THE TIDE CHANGE
- One of the genuine unique nooks in Wye River, offering unrivalled privacy and a view range second to none in the area.
- Enjoy the sun and moon rise over the ocean expanse in front or shorten your focus to the crashing surf and unimpeded views of Wye River Beach below.

- Original 1950s beach shack with 2 sleeping zones, 1 bathroom and a cosy L shaped living area complete with open fire place. The west coast beach culture is alive and well in these four walls! Enjoy a myriad of native neighbours parrots, rosellas, koalas (even up on the deck), owls, currawongs and more.
- The evenly proportioned allotment of 837 sqm faces due east allowing all day sun and protection from prevailing west-south west winds. An idealic site to re-develop, revamp the existing property, or enjoy as is!

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Property History for 7 Riverside Dr, Wye River, VIC 3234

A timeline of how this property has performed in the market
Last Sold
$563,000
21 Dec 2007
  • 21 Dec 2007
    Sold for $563,000
  • 14 Dec 2007
    Listed for Sale $595,000
  • 02 Mar 1998
    Sold for $117,000

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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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