669 Point Nepean RoadMccrae VIC 3938
Property Details for 669 Point Nepean Rd, Mccrae
669 Point Nepean Rd, Mccrae is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 746m2. While the property is not currently for sale or for rent, it was last sold in December 2018.
Last Listing description (December 2018)
This highly desirable, beachfront, commercial allotment of approximately 738 sqm is ideally set in a prominent corner location opposite McCrae beach and lighthouse. Positioned adjacent to award-winning Peninsula restaurants and chic cafes, this is one of the last remaining commercially zoned beachfront blocks available in the region for a retail, residential or mixed development (STCA). The existing four bedroom, two bathroom home on site may be renovated to provide rental income.
- Enormous future development potential
- 6 month settlement
- Prestigious Peninsula location in McCrae village
- Desirable corner location
For sale via public on-site auction Saturday 8th December at 3.00pm.
Property History for 669 Point Nepean Rd, Mccrae, VIC 3938
- 08 Dec 2018Sold for $1,500,000
- 09 Nov 2018Listed for Sale POA
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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.
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