3055 Frankston-Flinders Road, Balnarring, VIC 3926 | Property Value & History | OnTheHouse
 
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3055 Frankston-Flinders Road
Balnarring VIC 3926

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2748m2
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Property Details for 3055 Frankston-Flinders Rd, Balnarring

Building Type
Commercial
Land Size
2748m2
Local Government
Mornington Peninsula
Lot/Plan
9/LP9680

Last Listing description (October 2018)

Balnarring Village Motor Inn is situated in a prime position on the Southern side of the Mornington Peninsula inbetween Hastings and Flinders.
This freehold motel is to be sold by Public Auction with vacant possession as a Going Concern motel.
The motel offers 16 accommodation rooms (including 5 x 2 bedroom units), a 3 bedroom residence on a substantial Commercial 1 zoned site of about 2,747m2

The motel business has a consistent yearly trade peaking in the summer months and allowing owners to enjoy winter holidays. The annual occupancy rate is around 58%
The motel also features a large 3 bedroom, 2 bathroom owner's residence. There is ample off road parking suitable for coaches, trucks and trailers in addition to the usual guest cars.
An outstanding opportunity as a motel with development upside
16 unit (including 5x 2 bedroom units)
Turnover for FYE 2018 is expected to be circa $500,000 ex GST
Annual occupancy approximately 58%
Land Area 2,747 m2 (Approx.)
Zoned Commercial 1Commercial 1 (CZ1)
Easily managed
Auction Venue: Dingley International Hotel
334 Boundary Road, Dingley

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Property History for 3055 Frankston-Flinders Rd, Balnarring, VIC 3926

A timeline of how this property has performed in the market
Last Sold
$3,100,000
25 Jul 2018
  • 25 Jul 2018
    Sold for $3,100,000
  • 20 Jun 2018
    Listed for Sale Auction 25/7/2018 @ 1.00pm
  • 16 Sep 2011
    Sold for $1,300,000
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About Balnarring 3926

The size of Balnarring is approximately 26.7 square kilometres. It has 11 parks covering nearly 4.8% of total area. The population of Balnarring in 2016 was 2270 people. By 2021 the population was 2371 showing a population growth of 4.4% in the area during that time. The predominant age group in Balnarring is 60-69 years. Households in Balnarring are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Balnarring work in a professional occupation.In 2021, 88.40% of the homes in Balnarring were owner-occupied compared with 85.00% in 2016.

Balnarring has 1,226 properties. Over the last 5 years, Houses in Balnarring have seen a 13.31% increase in median value, while Units have seen a 18.38% increase. As at 31 March 2026:

  • The median value for Houses in Balnarring is $1,259,685 while the median value for Units is $625,622.
  • Houses have a median rent of $780.
There are currently 13 properties listed for sale, and 1 property listed for rent in Balnarring on OnTheHouse. According to Cotality's data, 49 properties were sold in the past 12 months in Balnarring.

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