FOR SALE
NEW PRICE $570,000 - $620,000

12 Palmer Street
Corinella VIC 3984

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 0.0893ha
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NEW PRICE!!! 893 SQM, BAY VIEWS, TITLED & READY TO BUILD

12 Palmer Street, Corinella is an exceptional investment, subdivision or dream home opportunity! We are offering this premier location, nestled on the picturesque Corinella peninsula. This last available lot spans a generous 893square metres, perched high above the cliff, presenting views across Westernport Bay, the coastal reserve and an unparalleled opportunity for discerning investors and aspiring home builders alike.
The vendor is motivated to sell with a recent price adjustment. Previous approval was granted for a subdivision of two blocks. It presents as an investment opportunity for developers, STCA. The vendor would consider offers on either the subdivided lots or the whole block as one!
This is a premier block in a location that is as exclusive as it is serene, where tranquillity meets the conveniences of coastal living. Immerse yourself in miles of coastal walking tracks, frequent the charming local jetty, or take advantage of the 24/7, 4-bay boat ramp. The area boasts fine local restaurants, providore stores, a vibrant community, and exceptional local assets all contributing to a rich lifestyle choice.
A rare gem such as this with nature reserve and sea views is only an hour's drive from Melbourne's eastern suburbs and a mere 20 minutes to the wonders of Phillip Island, is seldom offered to the market. 12 Palmer Street represents not just land, but a canvas for a dream coastal abode or a strategic investment in a sought-after locale.
Do not miss this rare opportunity to secure what is truly the best of Corinella – Call LJ Hooker Grantville today –
GREG KANE – 0477 020 267
ALLAN MANN – 0409 855 753
Disclaimer: Whilst every care has been taken in preparing the above information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.
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Property Details for 12 Palmer St, Corinella

Building Type
Land
Land Size
0.0893ha

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About Corinella 3984

The size of Corinella is approximately 15.4 square kilometres. It has 1 park covering nearly 0.2% of total area. The population of Corinella in 2011 was 630 people. By 2016 the population was 808 showing a population growth of 28.3% in the area during that time. The predominant age group in Corinella is 60-69 years. Households in Corinella are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Corinella work in a trades occupation. In 2011, 77.1% of the homes in Corinella were owner-occupied compared with 74.7% in 2016.

Corinella has 970 properties. Over the last 5 years, Houses in Corinella have seen a 49.84% increase in median value. As at 31 July 2024:

  • The median value for Houses in Corinella is $678,886 while the median value for Units is $458,926.
  • Houses have a median rent of $473.
There are currently 28 properties listed for sale, and 1 property listed for rent in Corinella on OnTheHouse. According to CoreLogic's data, 34 properties were sold in the past 12 months in Corinella.

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Greg Kane
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Allan Mann
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LJ Hooker Grantville
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