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.
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
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:
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