FOR SALE
$585,000 - $605,000

5/1591 Point Nepean Road
Capel Sound VIC 3940

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Seaside Bliss Awaits You - Massive 10% Return on Investment

Discover the epitome of coastal living with this spectacular unit, just steps from the sun-kissed sands of Port Phillip Bay. Embrace the tranquility of beachside living in this stunning residence.
This unit is perfect for those looking to maximize their summer living experience by the bay currently used as a successful Airbnb property earning the owners $60,000 per annum (approx.) in short stay income as rated in the top 10% of properties in Australia, the opportunity to yield $420 - $460 per week in permanent rent and offered turn- key with all furniture, appliances, linen, cutlery & crockery. (not as pictured)
With an outstanding 97% positive review rate since transitioning to short stays, this home has consistently provided a warm and welcoming atmosphere. Each review reflects the excellence this apartment offers, making it a special place to stay. Now, it's your turn to experience it firsthand. Join the countless satisfied guests and make this dream stay your own!
This unit features two spacious, carpeted bedrooms with built-in robes, providing ample storage and a cozy ambiance. The open-plan kitchen, living, and dining area is bathed in natural light, highlighted by stylish timber floors and floor-to-ceiling stackable doors. These doors seamlessly connect the indoor space to a generous balcony facing side street (Chatfield Ave), perfect for enjoying your morning coffee or evening glass of wine, and ideal for entertaining or relaxing. The modern kitchen, complete with a dishwasher, adds convenience to your daily routine. The central bathroom is both functional and contemporary, designed for ease and comfort.
For year-round comfort, the unit is equipped with a split system for heating and cooling. Security is a top priority with a front door intercom system, ensuring peace of mind. The property also includes secure off-street parking, with an undercover parking bay safely situated behind a roller door.
The unit's prime location offers close proximity to local amenities. Walk to nearby bars and shops, and take full advantage of everything the beach has to offer just steps from your door.
Don't miss this opportunity to secure your own slice of beachfront paradise. This property is ideal for anyone looking to enjoy a laid-back coastal lifestyle with all the conveniences at your fingertips.
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Property Details for 5/1591 Point Nepean Rd, Capel Sound

5/1591 Point Nepean Rd, Capel Sound is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for sale with Ray White Rosebud.

Building Type
Apartment

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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 4,213 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 24 properties listed for sale, and 9 properties listed for rent in Capel sound on OnTheHouse. According to CoreLogic's data, 129 properties were sold in the past 12 months in Capel sound.

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Michelle Bennie
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Amy Fennessy
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Ray White Rosebud
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