SOLD
Sold on 26 Aug 2024 for $590,000

22 Cuthbert Street
Corinella VIC 3984

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 130m2
Land area: 1740m2
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Alex Scott & Staff Grantville
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Property Details for 22 Cuthbert St, Corinella

22 Cuthbert St, Corinella is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 1740m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Corinella in the last 12 months.

Building Type
House
Year Built
1960
Floor Size
130m2
Land Size
1740m2
Local Government
Bass Coast
Lot/Plan
4/LP149322

Last Listing description (August 2024)

22 Cuthbert Street presents an excellent opportunity for savvy investors. Firstly, the property sits on a spacious flat square corner block of approximately 1,740m2, making it an ideal candidate for 3-4 lot subdivision (STCA). Secondly, it boasts a reliable tenant, ensuring immediate and ongoing rental income.

The cosy weatherboard house on the premises features three comfortable bedrooms with built-in robes, a functional kitchen, and a drive-through driveway with a carport. The expansive garden with trees, grass, and bushes adds to the property's charm. It's equipped with NBN full fibre, perfect for remote work or entertainment.

Conveniently located just a 10-minute stroll from the dog beach and the renowned Fig on the Bay cafe, and with easy access to amenities and major highways, including Phillip Island's surf beaches within a 25-minute drive, the bay side location in Corinella is highly desirable.

Potential for future development through 3-4 Lot subdivision potential STCA , this property offers both immediate rental returns and long-term growth prospects.

Please call Angus or Hayley to arrange a private inspection of this unique property.

Disclaimer: Whilst every care has been taken in preparing the above information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.

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Property History for 22 Cuthbert St, Corinella, VIC 3984

A timeline of how this property has performed in the market
Last Sold
$590,000
26 Aug 2024
Listed for Rent
$290/w
26 Sep 2014
  • 26 Aug 2024
    Sold for $590,000
  • 09 May 2024
    Listed for Sale Not Disclosed
  • 05 Sep 2014
    Listed for Rent - Price not available
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About Corinella 3984

The size of Corinella is approximately 15.4 square kilometres. It has 1 park covering nearly 0.2% of total area. The population of Corinella in 2011 was 630 people. By 2016 the population was 808 showing a population growth of 28.3% in the area during that time. The predominant age group in Corinella is 60-69 years. Households in Corinella are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Corinella work in a trades occupation. In 2011, 77.1% of the homes in Corinella were owner-occupied compared with 74.7% in 2016.

Corinella has 978 properties. Over the last 5 years, Houses in Corinella have seen a 41.44% increase in median value. As at 30 November 2024:

  • The median value for Houses in Corinella is $659,090 while the median value for Units is $493,778.
  • Houses have a median rent of $488.
There are currently 36 properties listed for sale, and no properties listed for rent in Corinella on OnTheHouse. According to CoreLogic's data, 35 properties were sold in the past 12 months in Corinella.

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