SOLD
Sold on 21 Dec 2023 for $725,000

15 Spray Street
Cape Paterson VIC 3995

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 73m2
Land area: 511m2
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Property Details for 15 Spray St, Cape Paterson

15 Spray St, Cape Paterson is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1980. The property has a land size of 511m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 2 bedroom Unit sold in Cape Paterson in the last 12 months.

Building Type
Unit
Year Built
1980
Floor Size
73m2
Land Size
511m2
Local Government
Bass Coast
Lot/Plan
518/LP51911

Last Listing description (November 2023)

Escape to the pristine beaches of Cape Paterson with this incredible investment opportunity. Situated just a short stroll from the Cape Tavern, this property offers two units on one title, perfect for holiday homes or rental income. With its unbeatable location and spacious layout, this is a chance you don't want to miss.

Unit 1 features 2 bedrooms and 1 bathroom. The open-plan living area features vaulted cathedral ceilings and is perfect for entertaining, while the kitchen boasts all the amenities you need. Relax and unwind in the private courtyard, or take a short walk to the nearby beaches for a day of sun and surf.

Unit 2 also offers 2 bedrooms and 1 bathroom. Ideal for guests or as a rental property, this unit provides a comfortable and convenient space. Both units feature reverse cycle air conditioning and single car garages. Unit 2 is currently tenanted so inspections are by appointment only. Keep this as a rental and holiday in unit 1.

Whether you're looking for a permanent residence or a holiday escape, this residential house offers the best of both worlds. Don't miss out on this incredible opportunity to own your own piece of paradise in Cape Paterson.

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Property History for 15 Spray St, Cape Paterson, VIC 3995

A timeline of how this property has performed in the market
Last Sold
$725,000
21 Dec 2023
  • 21 Dec 2023
    Sold for $725,000
  • 17 Nov 2023
    Listed for Sale $695,000
  • 17 Mar 2020
    Listed for Rent $265 / week
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About Cape Paterson 3995

The size of Cape Paterson is approximately 16.1 square kilometres. It has 1 park covering nearly 0.9% of total area. The population of Cape Paterson in 2011 was 718 people. By 2016 the population was 892 showing a population growth of 24.2% in the area during that time. The predominant age group in Cape Paterson is 60-69 years. Households in Cape Paterson are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cape Paterson work in a professional occupation. In 2011, 68.1% of the homes in Cape Paterson were owner-occupied compared with 68.6% in 2016.

Cape Paterson has 1,500 properties. Over the last 5 years, Houses in Cape Paterson have seen a 54.77% increase in median value, while Units have seen a 36.58% increase. As at 31 July 2024:

  • The median value for Houses in Cape Paterson is $752,461 while the median value for Units is $589,620.
  • Houses have a median rent of $450 while Units have a median rent of $305.
There are currently 29 properties listed for sale, and 1 property listed for rent in Cape paterson on OnTheHouse. According to CoreLogic's data, 43 properties were sold in the past 12 months in Cape paterson.

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