OFF MARKET

705 Point Nepean Road
Mccrae VIC 3938

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 978m2
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Last updated 11 Nov 2024
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Property Details for 705 Point Nepean Rd, Mccrae

705 Point Nepean Rd, Mccrae is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 978m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
House
Land Size
978m2
Local Government
Mornington Peninsula
Lot/Plan
8/LP7817

Last Listing description (September 2022)

Sitting on corner block of 978sqm (approx) this charming original home with period features will offer a range of possibilities and opportunity to different purchasers.

Choose to restore the charm of the 1950's home "Wallan" by renovation and/or extension (STP) and take advantage of the spacious backyard.

Alternatively you may choose to subdivide (STCA) and create a new block with its own street frontage at the rear, and retain the existing home to the front.

Developers/investors may choose to remove the existing home providing a unique opportunity in a sought after location to subdivide and build two double storey homes (STCA), providing each with their own street frontage and driveway taking advantage of the corner position.

Or perhaps you are suited to building one substantial home over the entire site that offers space for a pool, dual access to maximise vehicle accommodation, and a sizeable building envelope to realise your dreams.

Enjoy yesteryear in this liveable home, whilst arranging plans and permits, or generate a rental income until you are ready to build.

A short walk to McCrae plaza in one direction, the lighthouse shopping precinct in the other and sitting opposite the stunning McCrae beach, you will enjoy the lifestyle and relaxed environment. Along with easy access to the freeway, and a beautiful leafy and rustic setting, the many favourable aspects on offer here are truly desirable and offer an opportunity to add value for the future.

"Wallan" currently offers two bedrooms, living/dining room, spacious entry, sunroom, kitchen, single garage, two driveways, laundry, bathroom, and a bungalow.

Private inspections are available each day upon request.

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Property History for 705 Point Nepean Rd, Mccrae, VIC 3938

A timeline of how this property has performed in the market
Last Sold
$2,050,000
06 Sep 2022
  • 06 Sep 2022
    Sold for $2,050,000
  • 04 Aug 2022
    Listed for Sale $2,000,000 to $2,200,000

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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, 87 properties were sold in the past 12 months in Mccrae.

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