Otway Coastal Villas situated on the Great Ocean Road in the magnificent wetlands of Princetown. Just a short drive to the famous 12 Apostles, Gibson Steps, Gellibrand River and Port Campbell.Offering the next lucky owner three lovely villas. The first two villas you will come across are identical two-bedroom villas with a modern kitchen/dining/living area with split system and access to an undercover outdoors area with majestic views over the wetlands and the chance to spot wildlife. The bedrooms consist of calming neutral colourings and timber look floating floor for easy maintenance and the master with a ceiling fan. The bathroom provides a shower, modern back to wall bath for relaxing and a toilet. The third villa, which was only built 2021, with polished concrete flooring throughout, with an open plan kitchen/dining/living area. The bedroom has a ceiling fan, built in robe and ensuite with shower, with spectacular views out the window to the wetlands. There is 32 acres of land, some of which is wetlands, but still room to expand with a permit already in place for two more Villas. The outside provides a septic, solar panels on one villa, 6.9-star energy rating, 7 water tanks and a 12x8 shed near the third dwelling with power and a toilet.Not often an opportunity like this comes along, a sea change with an income, or an established business that can be managed from afar. So, make sure you dont let this opportunity pass you by. Situated only an hour from Warrnambool and Colac for larger townships, or Timboon only 30 minutes away for all of your amenities, along with Melbourne just a 3-hour drive.Current financial 2024 year income of $75,000
The size of Princetown is approximately 119.9 square kilometres. It has 3 parks covering nearly 28.0% of total area. The population of Princetown in 2016 was 241 people. By 2021 the population was 236 showing a population decline of 2.1% in the area during that time. The predominant age group in Princetown is 60-69 years. Households in Princetown are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Princetown work in a managers occupation.In 2021, 76.30% of the homes in Princetown were owner-occupied compared with 66.60% in 2016.
Princetown has 156 properties. Over the last 5 years, Houses in Princetown have seen a 34.49% increase in median value, while Units have seen a 73.64% increase. As at 30 November 2025:
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