OFF MARKET

550-551 Nepean Highway
Bonbeach VIC 3196

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 451m2
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Property Details for 550-551 Nepean Hwy, Bonbeach

550-551 Nepean Hwy, Bonbeach is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 451m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
House
Land Size
451m2
Local Government
Kingston
Lot/Plan
1/TP572499

Last Listing description (September 2021)

** In compliance with the updated government guidelines physical inspections of this property are currently not available. To register your interest in this property, please send an email enquiry **

This sensational development site provides a unique opportunity on 449sqm (approx) within walking distance to the station, shops and beach access without having to cross the Highway or tracks.


Beachside opportunities like this don't come around often. Imagine the possibilities that this prime development site on two titles offers, in an unbeatable location to build your dream home. Whether you're a keen renovator or Owner Builder looking to create their dream beachside abode, this one's for you!

The existing property is a spacious 2 bedroom house that is past its prime and in need of some TLC. Currently tenanted on a month to month basis paying approx. $335 per week

For more information, please contact Luke Howard.

Property History for 550-551 Nepean Hwy, Bonbeach, VIC 3196

A timeline of how this property has performed in the market
Last Sold
$1,000,000
05 Sep 2021
Listed for Rent
$320/w
03 Oct 2016
  • 05 Sep 2021
    Sold for $1,000,000
  • 02 Sep 2021
    Listed for Sale Under Contract
  • 28 Sep 2016
    Listed for Rent $320 / week
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About Bonbeach 3196

The size of Bonbeach is approximately 2.8 square kilometres. It has 8 parks covering nearly 31.7% of total area. The population of Bonbeach in 2011 was 5,733 people. By 2016 the population was 6,410 showing a population growth of 11.8% in the area during that time. The predominant age group in Bonbeach is 30-39 years. Households in Bonbeach are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bonbeach work in a professional occupation. In 2011, 67.1% of the homes in Bonbeach were owner-occupied compared with 66.3% in 2016.

Bonbeach has 3,804 properties. Over the last 5 years, Houses in Bonbeach have seen a 38.83% increase in median value, while Units have seen a 25.03% increase. As at 31 July 2024:

  • The median value for Houses in Bonbeach is $1,147,107 while the median value for Units is $696,585.
  • Houses have a median rent of $690 while Units have a median rent of $560.
There are currently 24 properties listed for sale, and 9 properties listed for rent in Bonbeach on OnTheHouse. According to CoreLogic's data, 163 properties were sold in the past 12 months in Bonbeach.

Suburb Insights for Bonbeach 3196

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.