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5266 Midland Highway, Elaine$550,000
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For Salehouse

5266 Midland Highway

Elaine, VIC 3334, Australia
$550,000
2 bed 1 bath 10 car1011 m²

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About this property

PRICED TO SELL - OWNERS RETIRING The property features: General Store - Open Monday to Sunday, The Elaine General Store is a landmark of the town and is the main gathering point for the locals. Complete with indoor and outdoor seating, two toilets, split system heating and cooling, fridges and pie warmer. Loads of storage, bench space and kitchen appliances. The House - Two generously sized bedrooms, study, living room, kitchen and an updated bathroom. Petrol Stations - Three near new petrol bowsers - one diesel pump - which are all compliant and up to code. Rear room - A blank canvas space with loads of potential for the buyer. Inside the space features a cafe style setup with coffee machines, bar, powder room. split system heating - outside there is an undercover alfresco area, large shed with power and concrete, pizza oven and stage setup. This area has great potential for a cafe, wine bar or beer garden! Sold with Vacant Possession. Very rarely does an opportunity like this become available. A two bedroom residence with an investment income stream attached. Located in a high exposure area, in a growing community with a new development recently sold and titled this exciting opportunity awaits. With major highway exposure located in between Ballarat and Geelong - this is a wonderful opportunity, enquire today.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
10
Land Area
1011 m²
Listed
3 months ago

Repayment calculator

$2,666/month
$1,333 /fortnight
Loan $440,000 at 6.10% over 30 years

Upfront costs

Deposit$110,000
Stamp duty$28,070
Conveyancing (est.)$2,000
Total upfront$140,070
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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 Elaine

This 2-bedroom house in Elaine, VIC 3334 sits within reach of local amenities. It is listed 127% above the $242,250 median of 3 comparable houseswithin 5 km.

Elaine at a glance

Full suburb profile
Population
232
Median age
44
Household income
$1,765/wk
Median rent
$166/wk
Median mortgage
$1,674/mo

Source: ABS Census.

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