OFF MARKET

5485 Melba Highway
Yea VIC 3717

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 156m2
Land area: 86999m2
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Property Details for 5485 Melba Hwy, Yea

5485 Melba Hwy, Yea is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 86999m2 and floor size of 156m2. While the property is not currently for sale or for rent, it was last sold in December 2018.

Building Type
Unit
Year Built
1970
Floor Size
156m2
Land Size
86999m2
Local Government
Murrindindi
Lot/Plan
1/PS321866

Last Listing description (February 2019)

If a country property on 22 acres is your ideal with a huge work / machinery shed and a 3 bedroom home with a large studio / games room attached, with stunning views across the Murrindindi ranges and just a few minutes into Yea Township or 45 minutes to Lilydale then this property is ready & waiting for you.
The home has good bones with a family friendly floor plan, good size country kitchen, 3 queen sized bedrooms and central bathroom. The single garage has been converted into a 4th bedroom or could become a studio or workshop / office for any home based business. Encompassing 9 Hectares (approx) of land with good fencing & well proportioned paddocks, currently used for horses and a hobby farm with a chicken coop, ducks & goat or simply come & enjoy the views from your elevated position.

The kitchen is a delightful country style that has plenty of cupboard space, dishwasher & walk in pantry as well as a convectional 900mm stove, oven .

The living room is large with a lovely mantle framing a slow combustion fireplace.
The bedrooms are down a corridor separate to the entertaining zone, all 3 bedrooms are large with built in robes.
Attached to the main house is a rumpus room or games room.
The property is located within the shire of Murrindindi, with the local high and primary school bus stopping at the front gate for pick and dropoff. It is approx. 1 1/2 hour drive from Melbourne. Currently tenanted on a short term lease, tenant is happy to sign a long term for any Investor or simply make this your own.
Call Kerryn Rishworth today to inspect Mobile: 0412346169

Property History for 5485 Melba Hwy, Yea, VIC 3717

A timeline of how this property has performed in the market
Last Sold
$565,000
03 Dec 2018
Listed for Rent
$400/w
26 Jun 2015
  • 03 Dec 2018
    Sold for $565,000
  • 18 Oct 2018
    Listed for Sale Price by Negotiation $590,000 - $640,000
  • 27 Apr 2018
    Listed for Sale Price by Negotiation $790,000 - $850,000
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About Yea 3717

The size of Yea is approximately 177.3 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Yea in 2011 was 1,594 people. By 2016 the population was 1,601 showing a population growth of 0.4% in the area during that time. The predominant age group in Yea is 60-69 years. Households in Yea are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Yea work in a trades occupation. In 2011, 75.4% of the homes in Yea were owner-occupied compared with 73.4% in 2016.

Yea has 1,416 properties. Over the last 5 years, Houses in Yea have seen a 49.01% increase in median value, while Units have seen a 25.47% increase. As at 31 August 2024:

  • The median value for Houses in Yea is $590,333 while the median value for Units is $391,122.
  • Houses have a median rent of $400 while Units have a median rent of $360.
There are currently 53 properties listed for sale, and 5 properties listed for rent in Yea on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Yea.

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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.