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650 Cape Nelson Road

Portland West, VIC 3305, Australia
$1.07m
7 bed 4 bath 6 car

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Area Price Guide
$1.01m$1.14m

Indicative price guide range

🏘️
17
Comparable
📊
$395,000
Area median
⚖️
+172%
vs median
🗓️
2 months ago
Listed

Approximate location shown. Contact agent for exact address.

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About this property

- Forced sale due to health - Offering a truly unique opportunity, Groves Real Estate is pleased to offer for sale 'Cape Nelson Accommodation & Gardens' on Victoria's southwest coast. The property features a two-storey bluestone home, plus a separate, self-contained bluestone cottage and provides the opportunity for immediate income generation. Located on the outskirts of Portland, on Cape Nelson, and just a few km's from Nelson Bay, Cape Nelson Lighthouse, Murrells Beach, the property not only provides buyers with a fabulous opportunity for a tree change, but could also be lucrative from a commercial perspective, given its successful short-term and long-term rental history. As you enter the main homestead, you are greeted by an inviting, open plan living, kitchen and dining area. With features including an electric oven and dishwasher, the kitchen combines modern conveniences with country charm. Cathedral ceilings with timber accents make a bold statement in the sunken lounge, and a Coonara wood heater and split system ensure comfort control. A second living room, or games room, is nearby and has expanses of glass overlooking the delightful garden setting. The home's ground level offers three bedrooms, as well as a spacious family bathroom with a bath, separate shower, vanity and toilet. There is also an additional separate toilet and shower, adjoining the Laundry, that doubles as an ensuite for bedroom three. Upstairs is yet another living space with a bar living area and study, ideal for entertaining. The master bedroom with ensuite and air conditioning, as well as a fifth bedroom close by. Additional features of the main homestead include a large undercover entertaining area, NBN satellite, solar hot water and 12 x 300watt solar panels to assist with the energy bill. Cape Nelson Cottage: The property's separate, two storey Bluestone Cottage, 'Cape Nelson Cottage' has proven itself as a successful short-term rental for visitors to the area, previously generating between $30,000 and 40,000 per annum, currently let long term at nearly $20,000 per annum. The cottage will be sold fully furnished, with a current tenant in place, or ready for immediate occupancy. The renovated holiday residence comprises of two bedrooms, a living area, kitchen and bathroom, with comfort control covered year through thanks to the addition of a wood fire and air conditioning. The cottage is a useful addition for those wanting to keep family members living independently, but conveniently close by. External features: One of the property's standout features is the established and much-loved garden surrounding the two residences, which is frequented by koalas and other native animals and bird life. With 27 acres of land all up, there is further option for horse agistment, or to run up to 40 sheep, increasing the profitability of the property further. Shedding includes a garage, woodshed and garden shed and water supply includes five rainwater tanks totalling 100,000 litres plus another two smaller booster tanks for back up collection and an underground bore with new pump. An air-conditioned caravan adds yet another accommodation option and there is plenty of scope to create a tennis court or swimming pool close to the home. Those wishing for a self-sufficient lifestyle will be most impressed by the established vegetable garden, fully fenced fruit orchard and chicken run. There are a further three fully fenced well sheltered paddocks along with two dams. Whether you're searching for a treechange, or a lucrative property investment opportunity, 'Cape Nelson Accommodation & Gardens' is sure to impress. Contact Groves Real Estate to arrange your inspection today. Main house - 260m2 Outdoor undercover area - 170m2 Garage 150m2 Cottage - 50m2

Property Features

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    Repayment calculator

    $5,212/month
    $2,606 /fortnight
    Loan $860,000 at 6.10% over 30 years

    Upfront costs

    Deposit$215,000
    Stamp duty$59,125
    Conveyancing (est.)$2,000
    Total upfront$276,125
    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.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    7
    Bathrooms
    4
    Parking
    6
    Listed
    2 months ago

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