1/28 Metung Road, Metung, VIC 3904 | Property Value & History | OnTheHouse
OFF MARKET

1/28 Metung Road
Metung VIC 3904

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 577m2
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Property Details for 1/28 Metung Rd, Metung

1/28 Metung Rd, Metung is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 577m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
Unit
Year Built
1975
Land Size
577m2
Local Government
East Gippsland
Lot/Plan
1/PS441042

Last Listing description (October 2025)

Wake up to shimmering water views and the gentle charm of lakeside living in this beautifully positioned ground-floor apartment at Bancroft Views, Metung. Aptly named Metung Pearl, this one-bedroom retreat offers a front-row seat to the sparkling expanse of Lake King - visible from both the living space and bedroom.

Just across the road from the lake, the apartment provides direct access to the serene lifestyle Metung is known for. Step outside to enjoy the communal jetty berth on Bancroft Bay or relax with a picnic overlooking the water. With the village just a short stroll away, you're never far from boutique shops, waterfront cafes, and the iconic Metung Hotel.

Scenic footpaths and boardwalks connect you to the boat ramp, lakeside beaches, and tranquil spots ideal for fishing, swimming, or simply watching the birdlife drift by. Currently generating a strong return through holiday bookings, this apartment is not only a peaceful escape but a proven performer.

Whether you're seeking a personal getaway or a smart investment, Metung Pearl is a rare find in a truly special setting.

View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist

Property History for 1/28 Metung Rd, Metung, VIC 3904

A timeline of how this property has performed in the market
Last Sold
$340,000
14 Dec 2021
  • 02 May 2025
    Listed for Sale $345,000
  • 22 Oct 2024
    Listed for Sale $369,000
  • 14 Dec 2021
    Sold for $340,000
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About Metung 3904

The size of Metung is approximately 27.7 square kilometres. It has 7 parks covering nearly 1.7% of total area. The population of Metung in 2016 was 1449 people. By 2021 the population was 1899 showing a population growth of 31.1% in the area during that time. The predominant age group in Metung is 60-69 years. Households in Metung are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Metung work in a managers occupation.In 2021, 81.80% of the homes in Metung were owner-occupied compared with 79.40% in 2016.

Metung has 2,171 properties. Over the last 5 years, Houses in Metung have seen a 43.49% increase in median value, while Units have seen a 58.20% increase. As at 30 November 2025:

  • The median value for Houses in Metung is $673,664 while the median value for Units is $409,141.
  • Houses have a median rent of $550 while Units have a median rent of $290.
There are currently 129 properties listed for sale, and 8 properties listed for rent in Metung on OnTheHouse. According to Cotality's data, 88 properties were sold in the past 12 months in Metung.

Suburb Insights for Metung 3904

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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.