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48 Bank Street, Port Fairy$885,000
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48 Bank Street

Port Fairy, VIC 3284, Australia
$885,000
4 bed 1 bath 1 car222 m²

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About this property

Rich in period appeal, the "Old Drill Hall" is a beautifully presented 1890s weatherboard residence with a modern extension on a 222m² allotment. Ideally positioned in a central location and retaining its historic character with Baltic pine floors, high ceilings, ornate cornices, and architraves, the home blends timeless charm with modern comfort. Featuring four spacious bedroomstwo with open fireplaces and one with built-in robesthe property offers flexibility for family living or guest accommodation. The generous living area showcases a bluestone feature wall, built-in cabinetry, split system, and sliding doors opening to a private courtyard. The large, well-appointed kitchen includes ample storage, pantry, stainless steel dishwasher, and electric appliances. A functional bathroom features a shower over bath, vanity, and excellent storage, complemented by a separate toilet. Designed for ease of living, the home is low maintenance, allowing you to enjoy the space without the upkeep of a large garden or complex grounds. Managed by the Victoria Apartments group, this property has successfully operated as a holiday rental for over 10 years. Offered fully furnished, and with strong summer bookings already in place, buyers can take over seamlessly and immediately benefit from the upcoming season's income. With side access to the rear paved garden and a superb central position, the "Old Drill Hall" offers the perfect combination of heritage charm, comfort, low-maintenance living, and proven investment performance.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
4
Bathrooms
1
Parking
1
Land Area
222 m²
Listed
3 months ago

Repayment calculator

$4,290/month
$2,145 /fortnight
Loan $708,000 at 6.10% over 30 years

Upfront costs

Deposit$177,000
Stamp duty$48,170
Conveyancing (est.)$2,000
Total upfront$227,170
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Port Fairy

This 4-bedroom house in Port Fairy, VIC 3284 sits within reach of and nearby schools. It is listed 1% below the $890,000 median of 83 comparable houseswithin 5 km.

Schools near Port Fairy

  • Port Fairy Consolidated Schoolprimary · Prep-6 · CoEd

Port Fairy at a glance

Full suburb profile
Population
3,742
Median age
51
Household income
$1,450/wk
Median rent
$300/wk
Median mortgage
$1,733/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Port Fairy price trend

Median sold · House 4 bed

Compound growth -1.1% / yr over 4 yrs

$1.15mcurrent median

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