SOLD
Sold on 24 Feb 2024 for $785,000

18 Flamingo Road
Capel Sound VIC 3940

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 90m2
Land area: 940m2
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Property Details for 18 Flamingo Rd, Capel Sound

Building Type
Land
Year Built
1970
Floor Size
90m2
Land Size
940m2
Local Government
Mornington Peninsula
Lot/Plan
134/LP43060

Last Listing description (November 2023)

PLANS, PERMITS AND OPTIONS GALORE.

With an existing lovely beachside home, this North-facing prime coastal land of 940 sq m approx, offers an exceptional and rare opportunity to build 3 double-storey luxury beachside residences.


Ideal for developers, builders, investors and all owner occupiers seeking Peninsula seaside living.
The approved plans and permits provide peace of mind and a green light to build 3 well-appointed homes, with exquisite architectural lines and premium inclusions:
- Residence 1 - 5 bedrooms, 4 bathrooms, 2 living areas, 2 garage
- Residence 2 - 3 bedrooms, 3 bathrooms, 2 living areas, 2 garage
- Residence 3 - 3 bedrooms, 3 bathrooms, 2 living areas, 2 garage

This versatile property provides a unique opportunity and multiple options, to:

1. Use the approved plans to build 3 luxury residences, and:
- Sell all units
- Sell some units
- Keep 1 unit as a luxury coastal home and 2 units for rental or B&B income.

2. Build your dream home of your own design on this magnificent block (STCA), or

3. Just land-bank it for capital appreciation


An outstanding and valuable feature of this property is its grand land size, walking distance to the beach and a peaceful and private nature reserve at the back, providing an open space and green sunny outlook.

In this ideal location convenience is at your fingertips with essential services for children, grownups and seniors, local shopping and transport, hospitals and recreation nearby. With the new Yawa Aquatic Centre, wineries, golf courses, beaches and hot springs and an easy City access - it is an ideal environment to build your forever beachside home and enjoy picturesque sunsets form the beach nearby.

Enquire today !!! Land with approved plans and permits for multiple units are increasingly scarce and hard to come by.

With an existing, owner occupied 2-bedroom, 1-bathroom 2-car home on site - the property can be leased back, which can provide potential income before the project commences.






DISCLAIMER: Although every care has been taken in the preparation of the above information, any particulars herein are provided in good faith, for illustration and for general information purposes only, and do not constitute representation by the Owner or the Agent. Any images displayed as digital artists impressions are for illustration purposes only, and the appearance of the finished product may vary. All dimensions given are approximate.

Property History for 18 Flamingo Rd, Capel Sound, VIC 3940

A timeline of how this property has performed in the market
Last Sold
$785,000
24 Feb 2024
Listed for Rent
$260/w
22 Jun 2013
  • 24 Feb 2024
    Sold for $785,000
  • 05 Sep 2023
    Listed for Sale $1,050,000 $1,150,000
  • 15 Nov 2017
    Sold for $540,000
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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 4,214 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 25 properties listed for sale, and 10 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.

Suburb Insights for Capel Sound 3940

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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.