1613 Snow RoadMilawa VIC 3678
Property Details for 1613 Snow Rd, Milawa
Last Listing description (September 2022)
Offered to the market for the first time in 10 years, this boutique-style motel is immaculately presented and the current owners have built an enviable reputation for a comfortable, home-like stay that continues to attract return clientele year-on-year. This opportunity would suit first-time buyers looking to enter the accommodation industry and/or couples alike. With facilities including the inground pool, barbecue area and pizza oven, there are minimal maintenance duties
A very attractive net profit of over $234,000 for the 2021/22 year, confirms that astute buyers will be putting this opportunity atop their list of properties for inspection.
- Easily run by two-person team with no staff required
- Adjusted net profit of over $234k for the 2021/22 FY
- Beautiful park-like surrounds
- Ideally located to continue to attract gourmet food lovers
- Potential to upscale income from under utilised restaurant
- Spacious rooms with nothing to spend
- Property inspections are by appointment only
Property History for 1613 Snow Rd, Milawa, VIC 3678
- 24 Aug 2022Listed for Sale $1,600,000
- 16 Oct 2019Listed for Sale FHGC - $1,195,000
- 22 Aug 2012Sold for $750,000
About Milawa 3678
The size of Milawa is approximately 67.0 square kilometres. The population of Milawa in 2016 was 587 people. By 2021 the population was 588 showing a population growth of 0.2% in the area during that time. The predominant age group in Milawa is 60-69 years. Households in Milawa are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Milawa work in a professional occupation.In 2021, 89.90% of the homes in Milawa were owner-occupied compared with 84.40% in 2016.
Milawa has 332 properties. Over the last 5 years, Houses in Milawa have seen a 11.28% increase in median value. As at 31 August 2026:
- The median value for Houses in Milawa is $724,509 while the median value for Units is $443,975.
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