8 Wood StreetBright VIC 3741
Property Details for 8 Wood St, Bright
Last Listing description (February 2022)
Westwood Lodge Apartments offers an exceptional opportunity to purchase an award winning accommodation business in the heart of Bright.
The unique property provides multiple options depending on your needs.
Live on-site if you choose in the spacious and private, four bedroom, three bathroom, split level townhouse located at the rear of the property. You will immediately feel relaxed in this beautiful light filled home overlooking its private gardens. You do not need to compromise space either, with the large kitchen and open plan living. Upstairs are two bedrooms, both with ensuite bathrooms, and the master with a lovely balcony overlooking the adjoining creek.
Stepping down from the main living area is a one bedroom, self contained, apartment, with separate living room and kitchenette. If you don't need the extra space in your home then this area can be locked off from the main residence and be rented as a luxury one bedroom apartment, complete with its own private courtyard.
At the front of the property are two well appointed, self contained two bedroom apartments which generate a fantastic rental income year round.
What an amazing opportunity, a beautiful home plus two or three rental properties, or, as the current owners do, live offsite and operate all four apartments as a highly successful business with strong occupancy rates throughout the year.
Westwood Lodge offers a relaxed and welcoming atmosphere, whilst maintaining the highest standards of quality and comfort. When location is paramount, you will not be dissapointed with the central location and beautiful garden settings overlooking Bakers Gully Creek and stream side reserve. The property is so peaceful you don't realise how close you are to town.
Just a short 150m stroll and you will find yourself amongst the diverse array of shops, cafes and restaurants that Bright is renowned for. And with the famous Murray to Mountains Rail Trail at the back door, a new adventure is never far away.
To add to this already impressive opportunity, there is also the option to build an additional one bedroom apartment at the front of the property (STCA).
Being sold as a freehold going concern, you will not find another property like this on the market so don't delay, talk with Cameron Alexander on 0407 058 837 for more information or to arrange your inspection.
Property History for 8 Wood St, Bright, VIC 3741
- 24 Jul 2025Transferred
- 13 Jan 2022Listed for Sale $2,750,000
- 22 Nov 2019Listed for Sale $1,200,000
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0About Bright 3741
The size of Bright is approximately 133.5 square kilometres. It has 14 parks covering nearly 35.2% of total area. The population of Bright in 2016 was 2406 people. By 2021 the population was 2620 showing a population growth of 8.9% in the area during that time. The predominant age group in Bright is 60-69 years. Households in Bright are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bright work in a professional occupation.In 2021, 72.40% of the homes in Bright were owner-occupied compared with 69.40% in 2016.
Bright has 2,422 properties. Over the last 5 years, Houses in Bright have seen a 46.06% increase in median value, while Units have seen a 53.25% increase. As at 30 November 2025:
- The median value for Houses in Bright is $970,292 while the median value for Units is $595,772.
- Houses have a median rent of $575 while Units have a median rent of $460.
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