1-3/2 Mineral Springs Cres, Hepburn Springs, VIC 3461 | Property Value & History | OnTheHouse
OFF MARKET

1-3/2 Mineral Springs Cres
Hepburn Springs VIC 3461

Bedrooms: 5
Bathrooms: 3
Car spaces: -
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Last updated 24 Aug 2026
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Property Details for 1-3/2 Mineral Springs Cres, Hepburn Springs

1-3/2 Mineral Springs Cres, Hepburn Springs is a 5 bedroom, 3 bathroom Unit.

Building Type
Unit
Local Government
Hepburn

Last Listing description (May 2022)

EXPRESSIONS OF INTEREST $875,000 - $895,000

You'll feel like you're a million miles away from civilization as you approach this warm and homely country property, comprising of 2 x 2-bedroom units and 1 x 1-bedroom unit all with open fire, double spa and use of communal laundry. And with so many uncertainties in life, you can be rest assured that guaranteed good times lie ahead with this fabulous offering. Crackling fireplaces and relaxing spa baths in each home, choruses of birdsong, fresh air, long walks amid the nurturing natural setting, foodie heaven, wines, music, entertainment and so much more are all here to sooth your soul whenever you wish. Plus, you'll also enjoy the benefits of an instant income stream from the day the keys are in your hand, given that two of the homes are on the permanent market, while the 3rd unit is vacant and offers a comfy blank canvas to use it as you wish perhaps a 1-bedroom holiday cottage for yourself or a short-stays rental/Air BnB.

Delivering so many flexible options, financial-lifestyle investments don't get better than this. You'll never tire of the outlooks of the lush greenery from the bullnose verandah fronting the charming faade of Unit 1 with a huge living and dining room, kitchen with fireplace, 1 bedroom, car space and a large deck with forest-gully and sunset aspects. Units 2 and 3, each comprising of open-plan living and kitchen with fireplaces, 2 bedrooms, bathroom and car spaces. If you would like to add some modern touches, the bones are fabulous although the homes are all perfectly comfortable as-is. Fulfil your dreams in this stellar location, which seems so remote yet is so incredibly close to all things Hepburn, including the Hepburn Bathhouse and Spa, Mineral Springs Reserve, Palais live music, Surley Goat, Harry's, Frank and Connies, Argue Dining Room and Rubens. This could be the lifestyle change, weekender or income producing treechange you've been looking for.

Features:

Period cottage with multiple units
Existing rental income c$30,000 combined rental , unit 2 & 3. Extra income avail. from unit 1 c $35,000 (holiday rental)
Unit1: 1 bedroom unit with wood fire in large lounge with garden views, double spa
Unit2: 2 bedroom unit with wood fire, double spa, deck with leafy outlook
Unit3: 2 bedroom with wood fire in kitchen|dining, double spa, deck with forest views
Mains water, electricity and gas
Location location location

**** IN ACCORDANCE WITH THE VICTORIAN GOVERNMENT DIRECTIONS, ONLY FULLY VACCINATED PERSONS CAN ATTEND OUR OPEN FOR INSPECTIONS *****

Property History for 1-3/2 Mineral Springs Cres, Hepburn Springs, VIC 3461

A timeline of how this property has performed in the market
  • 08 Dec 2021
    Listed for Sale $895,000
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About Hepburn Springs 3461

The size of Hepburn Springs is approximately 3.1 square kilometres. There are 3 parks, covering nearly 45.2% of the total area. The population of Hepburn Springs in 2016 was 329 people. By 2021 the population was 368 showing a population growth of 11.8% in the area during that time. The predominant age group in Hepburn Springs is 50-59 years. Households in Hepburn Springs are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Hepburn Springs work in a managers occupation.In 2021, 75.30% of the homes in Hepburn Springs were owner-occupied compared with 68.90% in 2016.

Hepburn Springs has 458 properties. Over the last 5 years, Houses in Hepburn Springs have seen a -0.51% decrease in median value, while Units have seen a 30.27% increase. As at 31 July 2026:

  • The median value for Houses in Hepburn Springs is $804,846 while the median value for Units is $759,548.
  • Houses have a median rent of $550 while Units have a median rent of $333.
There are currently 9 properties listed for sale, and 2 properties listed for rent in Hepburn springs on OnTheHouse. According to Cotality's data, 18 properties were sold in the past 12 months in Hepburn springs.

Suburb Insights for Hepburn Springs 3461

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.