2 Highview Rise, Metung, VIC 3904 | House for sale | OnTheHouse
 
FOR SALE
$625,000

2 Highview Rise
Metung VIC 3904

Bedrooms: 5
Bathrooms: 2
Car spaces: 5
Land area: 5177m2
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OUTSTANDING INVESTMENT OPPORTUNITY

This outstanding property offers a rare dual-income opportunity, comprising a spacious family home plus a separate cottage, all set on approximately 5,177m² (just over an acre). With both residences currently tenanted, it represents a strong and secure investment with immediate rental return.
The main brick residence features a generous open plan living area complete with a cosy pot belly heater, reverse cycle heating and cooling, and ceiling fan for year-round comfort. The galley-style kitchen adjoins a meals area and opens via sliding doors to a verandah overlooking native bushland, enhanced by beautiful mature gum trees. Accommodation includes three carpeted bedrooms with built-in robes, a separate study, a family bathroom with shower, bath and vanity, plus a dedicated laundry. A double carport services the home. The house has been tenanted long term, further highlighting its appeal as a reliable investment.
The separate Western Red Cedar clad cottage is also currently tenanted with lease in place until November. It offers comfortable open plan living with reverse cycle air conditioning, a kitchenette, space for laundry facilities, two bedrooms, a bathroom, and a single carport.
The property also features a garden shed, orchard, water tank and town water connection. Ideally located close to Metung Primary School and within walking distance to Metung Village, this is an exceptional opportunity for investors seeking dual rental income in a highly sought-after location.
Inspection strictly by advance appointment only.
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Property Details for 2 Highview Rise, Metung

2 Highview Rise, Metung is a 5 bedroom, 2 bathroom House with 5 parking spaces. The property has a land size of 5177m2. The place is currently for sale with King & Heath First National - METUNG.

Building Type
House
Land Size
5177m2
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About Metung 3904

The size of Metung is approximately 27.7 square kilometres. There are 7 parks, covering nearly 1.7% of the total area. The population of Metung in 2016 was 1449 people. By 2021 the population was 1899 showing a population growth of 31.1% in the area during that time. The predominant age group in Metung is 60-69 years. Households in Metung are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Metung work in a managers occupation.In 2021, 81.80% of the homes in Metung were owner-occupied compared with 79.40% in 2016.

Metung has 2,166 properties. Over the last 5 years, Houses in Metung have seen a 24.15% increase in median value, while Units have seen a 41.98% increase. As at 31 May 2026:

  • The median value for Houses in Metung is $647,338 while the median value for Units is $422,063.
  • Houses have a median rent of $513 while Units have a median rent of $295.
There are currently 122 properties listed for sale, and 6 properties listed for rent in Metung on OnTheHouse. According to Cotality's data, 82 properties were sold in the past 12 months in Metung.

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Richard O'Byrne
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Ian Harrison
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King & Heath First National - METUNG
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