441 Esplanade Torquay QLD 4655
Property Details for 441 Esplanade, Torquay
Last Listing description (December 2024)
Welcome to 441 Esplanade, Torquay an exceptional opportunity to secure a prime piece of real estate with limitless potential. This vacant block of land, spanning over 1012 square meters, is perfectly positioned on the prestigious esplanade, offering breathtaking ocean views that provide an idyllic backdrop for any development.
The property comes with DA approval for a three-story building featuring four 3-bedroom apartments and a luxurious 4-bedroom penthouse, making it an ideal investment for savvy developers.
Nestled in one of Torquay's most sought-after locations, this expansive parcel of land offers a wealth of possibilities, thanks to its high-density zoning. This zoning flexibility allows for a wide range of development options, from multi-storey residential units to commercial spaces or even a grand, luxurious home. The property's scenic ocean views make it particularly well-suited for a high-end residential project that maximizes the stunning coastal scenery in which the present DA approval captures.
In addition to its development potential, 441 Esplanade is conveniently located near a range of local amenities, including schools, shopping centres, and recreational facilities, making it an attractive choice for future residents.
Whether you envision a commanding multi-storey development, a vibrant commercial space, or a luxurious beachfront residence, this property offers a unique canvas to create something truly remarkable in one of Torquay's most coveted coastal locations.
Don't miss out on this rare opportunity to shape the future of this prime piece of real estate on the Torquay esplanade. Prospective buyers are encouraged to conduct due diligence and consult with local authorities to explore specific development options and requirements for this property.
Property History for 441 Esplanade, Torquay, QLD 4655
- 19 Dec 2024Sold for $930,000
- 23 Jul 2024Listed for Sale Offers over $975,000 considered
- 12 Oct 2023Listed for Sale Offers over $1,000,000 considered
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About Torquay 4655
The size of Torquay is approximately 4.3 square kilometres. It has 15 parks covering nearly 13% of total area. The population of Torquay in 2011 was 6,025 people. By 2016 the population was 6,331 showing a population growth of 5.1% in the area during that time. The predominant age group in Torquay is 60-69 years. Households in Torquay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Torquay work in a professional occupation. In 2011, 51.2% of the homes in Torquay were owner-occupied compared with 53.2% in 2016.
Torquay has 3,599 properties. Over the last 5 years, Houses in Torquay have seen a 91.23% increase in median value, while Units have seen a 101.78% increase. As at 30 November 2024:
- The median value for Houses in Torquay is $662,412 while the median value for Units is $490,418.
- Houses have a median rent of $520 while Units have a median rent of $460.
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