3 Banool Rd, Fairhaven is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1992. The property has a land size of 1441m2 and floor size of 186m2. While the property is not currently for sale or for rent, it was last sold in November 2015.
Offers required by 15 November 2015
Set on large 1441sqm (app) native allotment, this substantial 5 bedroom residence is in a sheltered position, capturing all the morning sun and offers direct access to the Fairhaven beach and surf club. The residence is presented in immaculate condition and enjoys many user friendly features. The large open plan living area on the upper level is enhanced by the enormous east facing sundeck complete with a spa at one end. It is not difficult to imagine strolling back from a great day at the beach and heading straight to the spa with a cool drink. The residence is very practical with enough room to accommodate a large family or guests, with the semi self-contained unit on the lower level being a very useful feature. The size of the native allotment provides a true sense of space with plenty of room for kids to roam. Other features include an open fire, 3 bathrooms, carport and a great use of natural light. A particularly practical aspect of this position is that the beach access will be improved considerably when the current construction of the underpass under the Great Ocean Road is completed in December to provide direct beach access without having to cross the Great Ocean Road. A substantial offering that can be utilized this summer.
The size of Fairhaven is approximately 5.2 square kilometres. It has 2 parks covering nearly 41.2% of total area. The population of Fairhaven in 2016 was 296 people. By 2021 the population was 390 showing a population growth of 31.8% in the area during that time. The predominant age group in Fairhaven is 60-69 years. Households in Fairhaven are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Fairhaven work in a professional occupation.In 2021, 90.00% of the homes in Fairhaven were owner-occupied compared with 83.50% in 2016.
Fairhaven has 609 properties. Over the last 5 years, Houses in Fairhaven have seen a 32.23% increase in median value, while Units have seen a 177.95% increase. As at 30 November 2025:
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