Escape Melbourne for Under $500k

Five Victorian country escapes for under $500,000

As we approach the end of a difficult 2020 and Melburnians spend every weekend waiting to hear whether COVID-19 restrictions will be eased, many are considering leaving the city for a more relaxed rural lifestyle.

For those eagle-eyed tree changers looking for a bargain - whether you're in the market for a holiday house or a more permanent residence - GoRegional has collated some of our best rural properties under $500,000 for your consideration. Be sure to scroll all the way to the end, as property number five in particular is not to be missed!

1. 264 Gleesons Road / Axe Creek, VIC / $460,000 - $495,000

Located only 20 minutes from the regional city centre of Bendigo, this charming log cabin situated on 20 acres of bushland is the perfect secluded getaway for those looking to get back to nature. 

A home among the gum trees

The cottage boasts 3 bedrooms (all with built-in robes) a wood heater to keep it snug in winter, and a front verandah with a great view of the property. The property also features a shed with room for two cars. 

The wood-panelled lounge room, full of rustic charm

This tranquil space would make a wonderful weekender, or a home that offers simple bushland living with proximity to city amenities.

2. 50 Skene Street / Birregurra, VIC / $487,000

Situated at the end of a no-through road in the peaceful country town of Birregurra, this low-maintenance home offers 3 bedrooms, open-plan living, solar hot water service and a beautiful garden.

The house's modern kitchen

Although it is a quiet rural property, this Birregurra home is only an hour's drive or less from the popular Victorian coastal towns of Apollo Bay, Lorne, Anglesea, and Torquay. It is also conveniently located for easy access to Geelong.

One of the house's airy, well-lit bedrooms

The beautiful, secure setting of this property make it an attractive proposition as an investment, a weekender or lovely country-based home for a couple or small family.

3. 199 Larsens Road / Kamarooka, VIC / $280,000

Only 30 minutes out of Bendigo sits this delightful 3-bedroom weatherboard cottage, located on 30 acres of land. This property would make an excellent investment opportunity, as it is currently leased until August 2023 and is returning well. 

One of the cottage's three bedrooms

Outdoors, the cleared land offers choice for a variety of usages, however an established area featuring dog kennels and dog runs is currently set up. Water tanks and a catchment dam provide the property's water. 

A birds eye view of the property, including its dog runs

This acreage, with infrastructure in place to suit dog trainers or breeders, offers plenty of possibility for someone seeking rural land at a good price with access to urban amenities. This property is ideal for a buyer looking to create a great outdoor lifestyle.

4. 205 Coradjil Road / Simpson, VIC / $430,000

This 3-bedroom brick veneer home is set on an easy-to-manage 1 acre block, which is equipped with a 98,000ltr water storage tank and a 10-metre deep bore that can be used to water the garden throughout the dryer months.

The house's well-lit kitchen

The property boasts a large shed suitable for a motor home or caravan with ample of storage, and an 11m x 11.5m covered entertaining area that will ensure year-round comfort.

A covered entertainment area for socialising in all seasons

This is a wonderful property awaiting new owners who are looking for an outdoorsy lifestyle and will appreciate its rustic charms. 

5. 106 Holmans Road / Yarram, VIC / $495,000

This beautiful eight-year-old ranch style home is a truly special property, and a steal at under $500,000. It is nestled in a rural setting only metres from the Won Wron State Forest, overlooking green pastures on an acre of land with a low maintenance garden. 

The house features three spacious bedrooms (with the opportunity to convert what is currently an office to a fourth) and two bathrooms.  

One of the house's beautifully-decorated bedrooms

The impressive spotted gum flooring throughout the house gives it a quaint charm, which is enhanced by its open-plan design offering views of the surrounding green pastures from every window.

Cosy meets stylish in this tastefully decorated lounge room

The modern kitchen boasts a gas cook top and electric double oven along with plenty of bench space, while the 4kVA/24 panel solar system enjoys a generous feed-in tariff along with solar hot water.

The house features a well-equipped kitchen with state-of-the-art appliances

This house is a magnificent example of the quality properties you can get at a low price in the Victorian countryside, and is definitely worth a look for any tree changers who don't want to compromise on tasteful design when buying a country home.