OFF MARKET

29 Frank Freeman Drive
Bandy Creek WA 6450

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
Land area: 34928m2
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Property Details for 29 Frank Freeman Dr, Bandy Creek

29 Frank Freeman Dr, Bandy Creek is a 4 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1979. The property has a land size of 34928m2. While the property is not currently for sale or for rent, it was last sold in June 2014.

Building Type
Unit
Year Built
1979
Land Size
34928m2
Local Government
Esperance
Lot/Plan
49/D057186

Last Listing description (February 2013)

Esperance based Tourism zoned Park on 8.5 acres offering prime development potential at a realistic bank valuation price
The Esperance Chalet Village is located on 8.5 acres (3.49 ha) of land, with 17 units (7 two bedroom cottages, 4 large ???A??? Frame Chalets, 6 small ???A??? Frame Chalets) as well as a three bedroom, two bathroom managers residence and a large shed.
Located just five kilometres from the centre of town; the property has a 220m frontage to Bandy Creek, a tidal waterway and is a short stroll to Bandy Creek Boat Harbour and safe beaches. The property is connected to town water. All units are on septic tanks, with the deep sewer now approximately 1.5 km away from the Chalet Village due to the development of the Le Grande Estate.

With plenty of trees and expansive lawns and no passing traffic; makes this an ideal place for a family holiday. All units are fully self-contained and range from small ???A??? style studio chalets, to two bedroom cottages that sleep up to six people. All units are a good distance apart, ensuring privacy for guests and mini-golf, swings and half court tennis are available.
The website www .esperancechaletvillage.com.au provides more information.
A bank valuation was completed in 2011 based on the value of the land and buildings. This provided a fair market value of $1.35 million (exclusive of the business income). The property is zoned tourism and is a prime development site.
Key Selling Points
* Esperance is earmarked as a future Super Town by the State Government http://www.esperance.wa.gov.au/2/224/1/what_is_supertowns.pm
* Esperance is a prime tourist destination with approx 130,000 visitors per annum. http://visitesperance.com/
* Esperance is renowned internationally for its stunning coastal scenery with squeaky white sand and turquoise water.
* Esperance was voted Western Australia???s ???Best Town??? and Australia???s second ???Best Town??? by the Australian Traveller Magazine in March 2009.
* The subject property has a large land holding with tourism zoning.
* The property is within close proximity of the town centre, and has an enviable waterfront frontage in a natural bush setting.
* Freehold land with first class development potential with the possibility of strata titling and/or expanding the park.
* Asking price is supported by a recent bank valuation that provides a fair market value of $1.35 million (Land $1.1M and improvements $250,000). A replacement insurance cost is assessed at $1.7M.
Key Points of Interest
Address: Lot 49 Frank Freeman Drive Bandy Creek (5 km north of the Esperance town centre)
Zoning: Tourism
Area: 8.5 acres
Services: Water, Power and Telephone.
Sealed access road with frontage to Bandy Creek
Managers Residence: 2 storey ???A??? frame structure with 3 bedrooms and 2 bathrooms.
LGA: Shire of Esperance WA
Locale: Esperance is a beautiful coastal town located approx 720 km south east of Perth, and is serviced by a regular air and bus service. The region is very popular with tourists who are drawn to the area for its white beaches, Archipelago islands, fishing, boating, surfing, whale watching, 4 Wheel Driving, national parks and the unspoilt natural scenery and coastline.
Population: 14,000 approx
Key Local Industry: Fishing, Agriculture, Mining, Light Industry, Tourism.
Climate: Esperance enjoys a moderate Mediterranean-like climate all year round.
Services: The town has a complete range of services including all shopping, educational, medical, social and recreational facilities.
The Esperance Region is becoming a year round destination for Western Australians, Australians and international tourists. Esperance now boasts not only Australia???s best beaches and whitest sand, but also a variety of other unique attractions.
The Esperance region offers you the chance to escape to a paradise all of your own. The warm sun, fresh air and long stretches of isolated beach make this an ideal region to get away from it all. Devoid of high rise structures and crowds, the Esperance region is characterised by spectacular coastal scenery; an abundance of wildlife including seals, dolphins, whales, emus and sea eagles; pristine beaches; over a hundred islands and spectacular National parks.
The Esperance region is paradise for lovers of the water and the sun. The beaches are considered amongst the best in the world and while they provide ideal conditions for fishing, surfing, sailing and sand boarding, they are just as popular with nature lovers and sunbathers seeking relaxation.
I encourage seriously intending buyers who are looking for a prime park/caravan site to give this opportunity serious consideration. The owners are serious about selling and we expect this opportunity to capture strong interest not only from those of you looking for a lifestyle opportunity, but also from professional park owners looking to expand their portfolio of parks.
For fu

Property History for 29 Frank Freeman Dr, Bandy Creek, WA 6450

A timeline of how this property has performed in the market
Last Sold
$815,000
16 Jun 2014
  • 16 Jun 2014
    Sold for $815,000
  • 22 Jun 2012
    Listed for Sale 1550000
  • 02 Oct 1994
    Sold for $640,000
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About Bandy Creek 6450

The size of Bandy Creek is approximately 35 square kilometres. It has 3 parks covering nearly 56.1% of total area. The population of Bandy Creek in 2011 was 3,816 people. By 2016 the population was 286 showing a population decline of 92.5% in the area during that time. The predominant age group in Bandy Creek is 50-59 years. Households in Bandy Creek are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bandy Creek work in a trades occupation. In 2011, 65.9% of the homes in Bandy Creek were owner-occupied compared with 82.7% in 2016.

Bandy Creek has 264 properties. Over the last 5 years, Houses in Bandy Creek have seen a 52.72% increase in median value. As at 31 October 2024:

  • The median value for Houses in Bandy Creek is $649,745 while the median value for Units is $706,236.
There are currently no properties listed for sale, and no properties listed for rent in Bandy creek on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Bandy creek.

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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.