SOLD
Sold on 08 Mar 2024 for $1,100,000

15 Karella Crescent
Mornington VIC 3931

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 98m2
Land area: 591m2
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Property Details for 15 Karella Cres, Mornington

15 Karella Cres, Mornington is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 591m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom House sold in Mornington in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
98m2
Land Size
591m2
Local Government
Mornington Peninsula
Lot/Plan
8/LP59085

Last Listing description (August 2023)

This classic seaside gem close to Fishermans Beach, neighbourhood shops and Main Street, is a prime opportunity for developers and investors or to enjoy as is while you make plans for the future. Offering approved plans and permits to build two side-by-side luxury townhouses in an enviable beachside location.

The well-maintained existing home celebrates its coastal surrounds with sun-filled separate living and dining area, a tidy original kitchen with dishwasher and gas oven and multiple sets of cedar French doors opening to sundecks front and rear.

Directly adjacent to parkland and just 200m to the Wilsons Road shopping strip. The property is close to Mornington shops & restaurants, Mornington Primary School, Mornington Secondary College and Bentons Square shopping.

Set on 591m2 (approx), the new designs include mirrored two-storey, four-bedroom homes each with two living areas, a large kitchen, 2 bathrooms and powder room, study, double garage and a lovely indoor/outdoor connection off the primary living area opening to a wide alfresco deck. With a solid single level home currently occupying the site there is also scope, to live here while you take on this exciting project and reap the future rewards.

? Approved plans for 2 townhouses
? Renovate, redevelop or move right in
? Two living areas
? Polished timber floors
? Generous 18.8m frontage

Property History for 15 Karella Cres, Mornington, VIC 3931

A timeline of how this property has performed in the market
Last Sold
$1,100,000
08 Mar 2024
Listed for Rent
$525/w
28 Oct 2022
  • 08 Mar 2024
    Sold for $1,100,000
  • 03 Oct 2022
    Listed for Rent $525 / week
  • 13 Jul 2022
    Listed for Sale Contact Agent
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About Mornington 3931

The size of Mornington is approximately 21.3 square kilometres. It has 58 parks covering nearly 13.4% of total area. The population of Mornington in 2011 was 22,421 people. By 2016 the population was 23,995 showing a population growth of 7.0% in the area during that time. The predominant age group in Mornington is 60-69 years. Households in Mornington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mornington work in a professional occupation. In 2011, 71.5% of the homes in Mornington were owner-occupied compared with 71.6% in 2016.

Mornington has 15,533 properties. Over the last 5 years, Houses in Mornington have seen a 43.75% increase in median value, while Units have seen a 21.35% increase. As at 31 October 2024:

  • The median value for Houses in Mornington is $1,097,753 while the median value for Units is $759,595.
  • Houses have a median rent of $698 while Units have a median rent of $575.
There are currently 62 properties listed for sale, and 15 properties listed for rent in Mornington on OnTheHouse. According to CoreLogic's data, 527 properties were sold in the past 12 months in Mornington.

Suburb Insights for Mornington 3931

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.