Back 19 Reed Street
Off Market

19 Reed Street

Orbost VIC 3888

2
1
0 m²
702 m²
House
Last sold for $182,500
Toni SpiresToni Spires, last sold this property on 18 October 2023 after 79 days on market.

Overview

Renovate on Reed

If you are seeking an opportunity to add value to you next property purchase, then this home is an outright must for you to inspect. The home would benefit from some renovation, but if you're a keen handyman or renovator and looking for a doer-upper, you might be able to work your magic on this one. There's scope to create some significant equity as a result. This could be the perfect opportunity for a first home buyer looking for an affordable entry on their property journey. Alternatively, this home would make a great start to a rental portfolio or a great addition to an existing portfolio. There is a strong demand for rental properties in the area and with an approximate weekly rental of $260 p/w, this property could offer an excellent gross return. The two-bedroom home is situated on a generous sized block of 702m and is located a short stroll from Orbost town centre. The structure of the home appears solid and it is built on concrete stumps with hardwood flooring. It is typical of its era, with a good-sized lounge complete, combined kitchen and dining area, a family bathroom with separate toilet and a full laundry with basin. Both bedrooms are a generous size, with the master situated at the front of the property and the second one to the rear. Reverse-cycle split system air conditioning helps keep the home at a comfortable temparature all year round. The property is fully fenced with a spacious backyard, complete with a small garden shed. It also benefits from side access, so boat or caravan storage is easily accommodated. It's a solid house that needs some TLC with most of the renovation opportunities being cosmetic. This home has a great land holding and would benefit from future developments or an extension (STCA). Nestled on the Snowy River, Orbost is a great location to start your country lifestyle. Orbost has a golf club and sports centre, lots of cafes, two supermarkets, banks and a variety of specialist stores, a Regional Hospital, Secondary College and Primary Schools. Orbost is only a short drive to the coastal town of Marlo for unspoilt beaches and great fishing and boating. You can even head offshore fishing from the newly refurbished boat ramp at nearby Cape Conran. Don't miss out on this amazing opportunity to create something truly special. Please view our Virtual Tour and contact Toni Spires on 0468 947 942 or Matt Byrne on 0410 681 323 to schedule an inspection and start your journey towards renovating or developing this property! Expressions of interest closing on 1 September 2023 at 5pm.

Features

2 bedrooms
1 bathroom
0 m² floor area
702 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Orbost over the last 12 months, the estimated median property value of 19 Reed Street is $330k.

Median value
$330k
Estimated value range
$275k - $565k
Median days on market
68
Estimated value trend
2%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Orbost. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 19 Reed Street

2023
Sold
$182,500
18 Oct 2023 by Toni Spires, of Coast to Country Real Estate Pty Ltd

Happy sellers in Orbost

94%
94% of sellers in Orbost reported that their sale price either exceeded or met their price expectations.

Orbost stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Orbost over the last 12 months.

Local market activity for 2 bedroom houses in Orbost

In the last 12 months, 5 two-bedroom houses similar to 19 Reed Street, have been sold.

This represents a 17% increase in two-bedroom houses sales when compared to the previous 12 months.

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