SOLD
Sold on 21 Jun 2024 for $1,300,000

70 Foley Road
Yanakie VIC 3960

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 9429m2
Sold By
Ray White Foster and Sandy
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Property Details for 70 Foley Rd, Yanakie

Building Type
Rural
Land Size
9429m2
Local Government
South Gippsland
Lot/Plan
2/LP132906

Last Listing description (September 2024)

With some of the best uninterrupted views you will see of "The Prom" and surrounding Corner Inlet, this well maintained family home with income potential stands out from the rest. Set on 2.3 (approx.) acres of private and peaceful land, this home and separate fully self contained cottage are designed to soak in the views.

The home features open plan living with modern kitchen, extensive bench space and cathedral ceilings throughout. There are three large bedrooms, serviced by the recently renovated bathroom and two separate toilets. The rear of the house is where the magic is, with a large alfresco area for outdoor dining and entertaining while taking in the views, or soak them in from the large salt water spa bath.
Separate to the main home is a recently refurbished, fully self contained one bedroom cottage. The cottage is currently being utilised as short stay accommodation, it books very well and generates an income of $200 per night with (3) night min stays during the peak seasons.

The property also offers a lock up 16m x 6m shed with an internal 3m x 4.3m separate room currently being used as a gallery that includes a shower & toilet, plus a 6m x 3.5m lean-to at one end, fully fenced dam, established garden beds and lawns. The possibilities to enjoy this property as your family home or generate a passive income are yours to make and available to take advantage of.

The property is located 3.3km from the Yanakie boat ramp, 3.5km from the Wilsons Promontory Park Gateway & 5km to the Yanakie store. For more information or to arrange a private inspection please contact Peter Bellingham or Wendy Gregson at Ray White Foster

Property History for 70 Foley Rd, Yanakie, VIC 3960

A timeline of how this property has performed in the market
Last Sold
$1,300,000
21 Jun 2024
  • 21 Jun 2024
    Sold for $1,300,000
  • 29 May 2024
    Listed for Sale $1,375,000
  • 23 Jan 2015
    Sold for $610,000
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About Yanakie 3960

The size of Yanakie is approximately 90.7 square kilometres. It has 3 parks covering nearly 5% of total area. The population of Yanakie in 2011 was 385 people. By 2016 the population was 250 showing a population decline of 35.1% in the area during that time. The predominant age group in Yanakie is 60-69 years. Households in Yanakie are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Yanakie work in a managers occupation. In 2011, 72.1% of the homes in Yanakie were owner-occupied compared with 65.3% in 2016..

Yanakie has 240 properties. Over the last 5 years, Houses in Yanakie have seen a 146.10% increase in median value. As at 30 September 2024:

  • The median value for Houses in Yanakie is $1,265,945.
There are currently no properties listed for sale, and no properties listed for rent in Yanakie on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Yanakie.

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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.