OFF MARKET

8 Kolinda Crescent
Capel Sound VIC 3940

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 87m2
Land area: 631m2
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Property Details for 8 Kolinda Cres, Capel Sound

8 Kolinda Cres, Capel Sound is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 631m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in October 2022.

Building Type
House
Floor Size
87m2
Land Size
631m2
Local Government
Mornington Peninsula
Lot/Plan
461/LP66845

Last Listing description (November 2022)

Set in a family orientated location, close to schools, parkland and public transport is this exceptional opportunity for those with an eye to the future offering a well-presented brick veneer house on a potentially subdividable allotment of 631sqm.

The existing house has an open plan living and dining area, split system air-conditioning, two generously sized bedrooms, renovated bathroom with double shower, enclosed north facing sunroom to the rear and single lock up garage. This is securely leased to first class tenants until early 2023 at $380 per week.

The north facing rear flat yard is drenched in natural sunlight, and proposes the perfect site for a second dwelling (STCA).

With the property currently generating an income, and the tenants likely to want to sign an extension to the lease, this will likely cover most or all of your holding costs while your plans and permits are being approved.

Being is such a sought-after location, close to amenities, beaches and local attractions. Whether you use this as an investment, as a home or holiday home, or plan to develop in the future, this will appeal to the shrewd buyer who knows value.

Property History for 8 Kolinda Cres, Capel Sound, VIC 3940

A timeline of how this property has performed in the market
Last Sold
$705,000
10 Oct 2022
Listed for Rent
$340/w
23 Aug 2019
  • 10 Oct 2022
    Sold for $705,000
  • 23 Aug 2022
    Listed for Sale SOLD
  • 17 Jul 2019
    Listed for Rent - Price not available
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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 4,202 properties. Over the last 5 years, Houses in Capel Sound have seen a 35.52% increase in median value, while Units have seen a 29.14% increase. As at 30 September 2024:

  • The median value for Houses in Capel Sound is $728,153 while the median value for Units is $610,135.
  • Houses have a median rent of $510 while Units have a median rent of $520.
There are currently 33 properties listed for sale, and 15 properties listed for rent in Capel sound on OnTheHouse. According to CoreLogic's data, 134 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.