1 Bank StreetAvenel VIC 3664
Property Details for 1 Bank St, Avenel
Last Listing description (April 2026)
1-3 Bank Street, Avenel represents a rare opportunity to acquire a substantial regional hospitality and accommodation asset with proven versatility and strong future upside. Strategically positioned within the Avenel township, this large-scale holding is ideally suited to investors seeking exposure to the growing short-stay accommodation, events, and wedding market in regional Victoria.
The property comprises 11 self-contained guest rooms, each with a private ensuite, enabling efficient operation across multiple revenue streams including group accommodation, weddings, corporate retreats, and private functions. The layout supports high occupancy rates while allowing flexible booking configurations to maximise yield.
Set within established landscaped grounds, the venue offers a premium outdoor environment well suited to ceremony and reception use, anchored by a striking weeping elm that provides a natural focal point for events and photography. The inclusion of an inground swimming pool further enhances guest appeal and supports premium nightly rates.
This is an ideal acquisition for:
Hospitality and accommodation operators
Investors seeking diversified income streams
Owner-operators looking for a scalable regional venue
Developers exploring future expansion or repositioning (STCA)
Property History for 1 Bank St, Avenel, VIC 3664
- 09 Feb 2026Listed for Sale For Sale by Expressions of Interest
- 30 Apr 2018Listed for Rent $780,000 / year
- 18 Apr 2012Sold for $550,000
Recent sales nearby
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0About Avenel 3664
The size of Avenel is approximately 205.7 square kilometres. It has 3 parks covering nearly 0.2% of total area. The population of Avenel in 2016 was 1048 people. By 2021 the population was 1112 showing a population growth of 6.1% in the area during that time. The predominant age group in Avenel is 60-69 years. Households in Avenel are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Avenel work in a managers occupation.In 2021, 82.20% of the homes in Avenel were owner-occupied compared with 78.00% in 2016.
Avenel has 847 properties. Over the last 5 years, Houses in Avenel have seen a 29.34% increase in median value. As at 31 March 2026:
- The median value for Houses in Avenel is $527,853 while the median value for Units is $532,669.
- Houses have a median rent of $440.
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