3/41 Macrae StreetEast Bairnsdale VIC 3875
Property Details for 3/41 Macrae St, East Bairnsdale
Last Listing description (June 2017)
Take advantage of this residential development opportunity situated in Bairnsdale. Residential one zoned 2716m2 vacant parcel of land with a current planning permit for the construction of 6 dwellings. The site allows for 6 individual titles ranging in size between 259m2 & 329m2. Two 2 bedroom and four 3 bedroom homes are proposed, all dwellings are brick veneer and consist of an ensuite to the main bedroom plus main bathroom. Single garage to the 2 bedroom homes and double garage to the three bedroom homes. Open plan design with tiled entry hall leading to the open kitchen, meals and family living room.
All homes have direct internal access to the garage for ease of access. Existing approved plans are proposed through local builders GJ Gardiner but new developer may use alternative along similar building footprint as permitted. Proposed forecast on individual dwelling selling price aligns perfectly into the local investor market with approximately 7% gross return or suitable for the retirement market with comfortable, affordable living with minimal to low maintenance grounds. Currently the development has an extended 2 year permit approved and the subdivision has very minimal construction costs needed to complete. All the hard work has been done, contact selling agents for current plans and permit information.
Property History for 3/41 Macrae St, East Bairnsdale, VIC 3875
- 16 Jun 2016Listed for Sale $270,000
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About East Bairnsdale 3875
The size of East Bairnsdale is approximately 13.0 square kilometres. There is 1 park, covering nearly 0.5% of the total area. The population of East Bairnsdale in 2016 was 1298 people. By 2021 the population was 1352 showing a population growth of 4.2% in the area during that time. The predominant age group in East Bairnsdale is 50-59 years. Households in East Bairnsdale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in East Bairnsdale work in a labourer occupation.In 2021, 60.70% of the homes in East Bairnsdale were owner-occupied compared with 58.20% in 2016.
East Bairnsdale has 990 properties. Over the last 5 years, Houses in East Bairnsdale have seen a 43.21% increase in median value, while Units have seen a 38.00% increase. As at 31 July 2026:
- The median value for Houses in East Bairnsdale is $530,318 while the median value for Units is $386,465.
- Houses have a median rent of $460 while Units have a median rent of $240.
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