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Sold on 04 Sep 2024 for $2,240,000

51 Worthing Road
Moorabbin VIC 3189

Bedrooms: 6
Bathrooms: 2
Car spaces: 2
Land area: 1169m2
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Property Details for 51 Worthing Rd, Moorabbin

51 Worthing Rd, Moorabbin is a 6 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 1169m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 6 bedroom House sold in Moorabbin in the last 12 months.

Building Type
House
Land Size
1169m2
Local Government
Kingston
Lot/Plan
5/LP9599

Last Listing description (September 2024)

51-53 Worthing Road, Moorabbin comes to the market after 20+ years of generational ownership. This rare dual site opportunity is situated a short distance from schools, public transport, shopping centers and entertainment hubs.

A combined site of 1,169m2 (No.51 - 587m2, No.53 - 582m2), and zoned GRZ3 under the Kingston Planning Scheme, your dream development, either multi residential or commercial (STCA) is a reality with this east facing block, no easements or significant tree impediments.

The homes themselves (3 bedrooms, 1 bathroom) are currently tenanted, with a potential dual site rental of $550 per week, per dwelling / $1,100 per week across over the two dwellings (grossing $57,200 approx.), guaranteeing an income for the site whilst you submit planning and permit approval.

For further information, please contact Mat Suckling on 0418 880 062 / ms@realcoagents.com.au

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Property History for 51 Worthing Rd, Moorabbin, VIC 3189

A timeline of how this property has performed in the market
Last Sold
$2,240,000
04 Sep 2024
  • 05 Sep 2024
    Listed for Sale $2,400,000 - $2,600,000
  • 04 Sep 2024
    Sold for $2,240,000

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About Moorabbin 3189

The size of Moorabbin is approximately 4.6 square kilometres. It has 5 parks covering nearly 4.2% of total area. The population of Moorabbin in 2011 was 5,282 people. By 2016 the population was 5,897 showing a population growth of 11.6% in the area during that time. The predominant age group in Moorabbin is 30-39 years. Households in Moorabbin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Moorabbin work in a professional occupation. In 2011, 74.3% of the homes in Moorabbin were owner-occupied compared with 68.8% in 2016.

Moorabbin has 5,509 properties. Over the last 5 years, Houses in Moorabbin have seen a 28.65% increase in median value, while Units have seen a 14.85% increase. As at 31 August 2024:

  • The median value for Houses in Moorabbin is $1,277,319 while the median value for Units is $715,110.
  • Houses have a median rent of $650 while Units have a median rent of $580.
There are currently 13 properties listed for sale, and 18 properties listed for rent in Moorabbin on OnTheHouse. According to CoreLogic's data, 220 properties were sold in the past 12 months in Moorabbin.

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