FOR SALE
$1,950,000

2-4 Mirriam Avenue
Capel Sound VIC 3940

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1891m2
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1891SQM RESIDENTIAL DEVELOPMENT OPPORTUNITY OF A LIFETIME

How many townhouses/apartments can you put on 1891sqm (STCA)?
One house back from the foreshore, virtually on the beach, and occupying an impressive 1891sqm, this supersized vacant allotment is an exceptional offering and a unique opportunity in today's market.
Just metres from Capel Sound Beach, vibrant restaurant strips and moments from Rosebud's retail/commercial hub, the prime seaside residential development site is a once-in-a-lifetime opportunity.
Presenting the perfect foundation to build your coastal legacy and in close proximity to every coastal amenity imaginable, the blue-chip Capel Sound site will generate strong interest from a range of buyers.
For sale in its own right and spanning 1891sqm, when combined with the sale next door (8 Mirriam Avenue on 1451sqm) that adds up to 3342sqm across two titles that can be purchased together.
Luxurious townhouses, ultra-modern apartments with potential ocean views in a high demand coastal locale - the possibilities at 2-4 Mirriam Avenue are endless.
Opportunity knocks.
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Property Details for 2-4 Mirriam Ave, Capel Sound

Building Type
Land
Land Size
1891m2

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About Capel Sound 3940

The size of Capel Sound is approximately 4.7 square kilometres. It has 9 parks covering nearly 20.5% of total area. The population of Capel Sound in 2011 was 4,580 people. By 2016 the population was 4,947 showing a population growth of 8.0% in the area during that time. The predominant age group in Capel Sound is 80-89 years. Households in Capel Sound are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Capel Sound work in a trades occupation. In 2011, 58.2% of the homes in Capel Sound were owner-occupied compared with 57.9% in 2016.

Capel Sound has 4,193 properties. Over the last 5 years, Houses in Capel Sound have seen a 32.33% increase in median value, while Units have seen a 21.08% increase. As at 31 October 2024:

  • The median value for Houses in Capel Sound is $728,583 while the median value for Units is $584,290.
  • Houses have a median rent of $510 while Units have a median rent of $500.
There are currently 29 properties listed for sale, and 11 properties listed for rent in Capel sound on OnTheHouse. According to CoreLogic's data, 125 properties were sold in the past 12 months in Capel sound.

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Matthew James
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Rochelle Armitage
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