OFF MARKET

1/709 Point Nepean Road
Mccrae VIC 3938

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 71m2
Land area: 206m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 30 Sep 2024
Low

High
Save

Property Details for 1/709 Point Nepean Rd, Mccrae

1/709 Point Nepean Rd, Mccrae is a 2 bedroom, 1 bathroom Unit and was built in 1970. The property has a land size of 206m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
Unit
Year Built
1970
Floor Size
71m2
Land Size
206m2
Local Government
Mornington Peninsula
Lot/Plan
1/PS739963

Last Listing description (July 2012)

DEVELOPMENT POTENTIAL (STCA)
LOCATION, LOCATION, LOCATION. A RARE OPPORTUNITY TO SECURE A PRIME PIECE OF THE MORNINGTON PENINSULA RIPE FOR RENOVATION OR FUTURE DEVELOPMENT (STCA). SITUATED ACROSS THE ROAD FROM THE MC CRAE YACHT CLUB AND THE SANDY SHORES AND SPARKLING WATERS OF PORT PHILLIP BAY AND ONLY A FEW MINUTES WALK TO TRENDY RESTAURANTS AND CAFE'S. THE PROPERTY CURRENTLY CONSISTS OF 3 X 2 BEDROOM AND 1 X 1 BEDROOM BV UNITS ON ONE TITLE ALL CURRENTLY LEASED ON MONTH TO MONTH TENANCIES WITH TOTAL LAND AREA OF APPROX 987SQM AND SUBJECT TO FORMAL APPROVAL, OFFERS A TREMENDOUS OPPORTUNITY TO DEVELOP THE PROPERTY WITH TOWNHOUSES, UNITS OR BUILD YOUR DREAM HOME IN THIS FANTASTIC LOCATION. THE POSSIBILITIES ARE ENDLESS AND THE CHOICE IS YOURS. INSPECTION IS STRICTLY BY APPOINTMENT BY CONTACTING MIKE PHILLIPS ON 0418 327 801. MIKE PHILLIPS : 0418 327 801

Property History for 1/709 Point Nepean Rd, Mccrae, VIC 3938

A timeline of how this property has performed in the market
Last Sold
$662,500
20 Aug 2021
Listed for Rent
$150/w
15 Jan 2013
  • 20 Aug 2021
    Sold for $662,500
  • 08 Jan 2013
    Listed for Rent $150 / week
  • 22 Jun 2012
    Listed for Sale FORTHCOMING AUCTION

Commute Calculator

About Mccrae 3938

The size of Mccrae is approximately 4.3 square kilometres. It has 8 parks covering nearly 23.8% of total area. The population of Mccrae in 2011 was 2,543 people. By 2016 the population was 2,836 showing a population growth of 11.5% in the area during that time. The predominant age group in Mccrae is 60-69 years. Households in Mccrae are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mccrae work in a professional occupation. In 2011, 80.4% of the homes in Mccrae were owner-occupied compared with 77% in 2016.

Mccrae has 2,529 properties. Over the last 5 years, Houses in Mccrae have seen a 42.65% increase in median value, while Units have seen a 29.18% increase. As at 31 August 2024:

  • The median value for Houses in Mccrae is $1,008,910 while the median value for Units is $806,609.
  • Houses have a median rent of $650 while Units have a median rent of $520.
There are currently 24 properties listed for sale, and 3 properties listed for rent in Mccrae on OnTheHouse. According to CoreLogic's data, 85 properties were sold in the past 12 months in Mccrae.

Suburb Insights for Mccrae 3938

Market Insights
Mccrae Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend


Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Mccrae Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend


Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.