233 Overpass Rd, French Island, sold after just five days on the market.
An off-the-grid French Island property has sold just five days after hitting the market, while vendors near Daylesford have more than tripled their money in three years as regional Victoria’s markets motor along.
And with the state’s regions freed from lockdown earlier this week, agents expect more stellar results to follow.
Century 21 Home Port agent Phil Bock listed 233 Overpass Rd, French Island, last Friday and had sold it by Wednesday.
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233 Overpass Rd sprawls across more than 40ha of land.
The chic kitchen.
Mr Bock said the Melbourne-based buyers planned to use the stylish three-bedroom house, on 40.48ha of land with water views, as a weekender with a plan to spend more time there when they retired.
Its undisclosed sale price fell short of the $2m price expectations. But Mr Bock said “the vendors were happy with the offer” and the deal was “the quickest I’m aware of” on the island in Western Port Bay.
“I was getting 20 to 30 emails per day about it over the five days,” he said.
“The obvious isolation factor (was a drawcard), and the fact there are no council rates on the island, no power bills, but a beautiful view and a quality build.”
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989 Coast Rd, French Island, is seeking a buyer.
Imagine kicking back and enjoying this view at 989 Coast Rd.
A waterfront French Island property also free of rates and electricity and water bills is tipped to be popular, too, when it officially hits the market this week.
Mr Bock said he expected 989 Coast Rd to exceed $1m – “we just don’t know how far over it will go”.
The 6.8ha property comprises a “quite modest” three-bedroom house alongside two particularly rare features for the island: a private jetty and a desalination unit.
The latter combines with a solar system, a wind turbine, a back-up diesel generator and a water bore to ensure the abode is off-grid.
The house at 989 Coast Rd comes with plans and permits for an extension.
A private jetty is a rare inclusion at the French Island abode.
Plans and permits to extend the house form part of the package, which Melbourne buyers will be able to inspect via FaceTime.
“To get 15 acres (6ha) of water frontage within 70km of Melbourne for about the same price as a median-priced house in Melbourne is very special,” Mr Bock said.
Meanwhile, McQueen Real Estate director Kim McQueen said she was regularly inking “incredible sales” in her patch, the Hepburn Shire region in central Victoria.
5850 Midland Highway, Mt Franklin, recently sold for $1.985m.
A cracking view was part of the package at 5850 Midland Highway.
A recent highlight was the $1.985m transaction of a 21ha property with a four-bedroom house and “incredible views” at 5850 Midland Highway, Mt Franklin, to a Melbourne buyer.
“(The vendors) more than tripled their money in three years,” Ms McQueen said
“They paid $640,000 for it and all they’ve done is built one shed.
“People here are regularly doubling their money in three to four years (as the market has) gone up and up and up.”
265 Yandoit Creek Rd set a new property price record for Yandoit.
265 Yandoit Creek Rd fetched $2.46m.
Another sale worth $2.46m at 265 Yandoit Creek Rd more than doubled Yandoit’s property price record of $1.1m, according to CoreLogic records.
“We put that to market at about $2m and sold it after one weekend, with six couples competing,” Ms McQueen said.
Another Daylesford agent, Belle Property’s Will Walton, reported buyer inquiries in the region had continued to grow since Covid-19 struck last March, but there weren’t enough properties to go around.
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The post French Island: Off-the-grid escape sells rapidly, Daylesford vendors triple money as regions sizzle appeared first on realestate.com.au.
A French Island home has flown off the market, and sellers near Daylesford have tripled their money in three years as regional real estate sizzles.
The post French Island: Off-the-grid escape sells rapidly, Daylesford vendors triple money as regions sizzle appeared first on realestate.com.au.