SOLD
Sold on 09 Jan 2024 for $630,000

4 Banks Street
Mccrae VIC 3938

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 98m2
Land area: 564m2
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Property Details for 4 Banks St, Mccrae

4 Banks St, Mccrae is a 0 bedroom, 0 bathroom House and was built in 1960. The property has a land size of 564m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 0 bedroom House sold in Mccrae in the last 12 months.

Building Type
House
Year Built
1960
Floor Size
98m2
Land Size
564m2
Local Government
Mornington Peninsula
Lot/Plan
1/PS615376

Last Listing description (January 2024)

This stunning, cleared block of land presents an unparalleled opportunity to create the home of your dreams. You have the option to develop one of only two luxurious double-storey townhouses, with approved plans and permits in hand.

Ideally situated just a short stroll from the vibrant McCrae Plaza, pristine beaches of Port Phillip Bay, and a wide selection of boutique restaurants and cafes, this location provides the ultimate in sought-after, relaxed coastal living.

These impeccably designed residences offer contemporary, low-maintenance living at its finest. Boasting well-appointed kitchens, spacious living areas, including an open-plan family/dining area, and a private outdoor entertaining space, every detail has been carefully considered for your comfort and convenience.

The 4-bedroom, 2.5-bathroom rear townhouse features a ground-floor guest suite, a spacious master suite with a walk-in robe and ensuite, an upstairs study, and a remote double garage. Meanwhile, the front townhouse offers a luxurious 3-bedroom, 2-bathroom design with a ground-floor master suite and a single garage. The opportunity exists to buy and build either one (280sqm approx) or both (564sqm approx).

Located just moments from the Peninsula Link and all the region has to offer, this is a rare opportunity to secure a premium parcel of land and experience the very best of the Mornington Peninsula. Don't miss out on this chance to make your dream home a reality!

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Property History for 4 Banks St, Mccrae, VIC 3938

A timeline of how this property has performed in the market
Last Sold
$630,000
09 Jan 2024
  • 09 Jan 2024
    Sold for $630,000
  • 02 Jan 2024
    Listed for Sale $330,000 - $360,000
  • 19 Oct 2023
    Listed for Sale Not Disclosed
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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 2,548 properties. Over the last 5 years, Houses in Mccrae have seen a 38.01% increase in median value, while Units have seen a 31.91% increase. As at 31 October 2024:

  • The median value for Houses in Mccrae is $999,529 while the median value for Units is $815,296.
  • Houses have a median rent of $650 while Units have a median rent of $510.
There are currently 26 properties listed for sale, and 5 properties listed for rent in Mccrae on OnTheHouse. According to CoreLogic's data, 86 properties were sold in the past 12 months in Mccrae.

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