OFF MARKET

5/7-11 Ocean Reef Drive
Patterson Lakes VIC 3197

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 136m2
Land area: 385m2
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Property Details for 5/7-11 Ocean Reef Dr, Patterson Lakes

5/7-11 Ocean Reef Dr, Patterson Lakes is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 385m2 and floor size of 136m2. While the property is not currently for sale or for rent, it was last sold in February 2012.

Building Type
Unit
Year Built
1990
Floor Size
136m2
Land Size
385m2
Local Government
Kingston
Lot/Plan
5/PS303806

Last Listing description (March 2012)

Excellent value
Open for inspection every day by appointment. Genuine seller, all reasonable offers accepted.
3 Bedrooms;

Master Bedroom with en-suite & WIR
2 Bedrooms with BIRs
L-shaped lounge room
Kitchen with gas cooking appliances & dishwasher
Main bathroom; bath, shower, vanity & separate toilet
Single remote lock up garage with internal access
Outdoor entertainment area
FEATURES INCLUDE:
Ducted vacuum system
New carpets throughout
Split air-conditioning & ducted heating
Low maintenance front & rear yards
Alarm system
Fully fenced rear yard & partially fenced front yard
Quiet area with neighbours only on 1 side
Ceiling fans throughout
Located near the Patterson Lakes Kinder
Backs onto parkland
Walking distance to the Lakeview Shopping Centre & Harbour Plaza, also the new Coles Shopping Centre
Within close proximity to Patterson Lakes Primary School, public transport, Patterson River walking track & Patterson Lakes Marina
A short 5 minute drive to the Carrum Beach / Port Phillip Bay
Melway Reference: 97 H8
Frequently asked Questions
House Size: 14 squares approx
Age of property: 19 years approx
Land Size: 385 SQM
Cooling: Split system air conditioning
Heating: Ducted Heating
Council Rates: $640.50 per annum approx
Body Corporate: There is no body corporate
Chattels: All fittings and fixtures as inspected
Deposit terms: Negotiable, Prefer 10% of the purchase price
Preferred Settlement: 60/90 days
Potential Rental Return: $375 per week approx.
What the vendor loves about the property: Quality neighbours, Lifestyle, location
Patterson Lakes Amenities:
New Coles Supermarket, Safeway/Woolworths, Aldi Supermarket.
Nearest Primary: Cornish College, Patterson Lakes, Edithvale, Chelsea Heights, Haileybury College and Lighthouse Christian College
Nearest Secondary: Cornish College, Patterson River Secondary College, Haileybury College and Lighthouse Christian College.
Nearest Kindergarten: Patterson Lakes Child Care & Kindergarten, Chelsea Heights and Chelsea & Patterson Lakes Childcare & Kindergarten.
Nearest Transport:
Train: Bonbeach, Carrum & Chelsea Train Stations, Frankston & City Loop Lines.
Bus: 708 Carrum Hampton via Southland, 857 Chelsea Dandenong via Patterson Lakes.
Nearest Recreation: Kennedys Health & Fitness, National Water Sports Centre, Carrum Beach, Wannarkladdin Wetlands plus numerous parklands and walking tracks.
Other Amenities: Pet Pals Dog Training, Chelsea Car Care Centre, The Cove Hotel, Blu Restaurant Bar Grill, Patterson River Country Club, Local Take Away, Mitre10, Dentist, Physio, Chiropractor, 7eleven, McDonalds, KFC, Frankston Freeway, Eastlink, Parkmore and Westfield Southland Shopping Centre.

Property History for 5/7-11 Ocean Reef Dr, Patterson Lakes, VIC 3197

A timeline of how this property has performed in the market
Last Sold
$381,000
06 Feb 2012
  • 06 Feb 2012
    Sold for $381,000
  • 04 Aug 2011
    Listed for Sale $449,950 NEGOTIABLE
  • 19 Sep 2005
    Sold for $270,000
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About Patterson Lakes 3197

The size of Patterson Lakes is approximately 4.3 square kilometres. It has 17 parks covering nearly 11.5% of total area. The population of Patterson Lakes in 2011 was 7,582 people. By 2016 the population was 7,538 showing a population decline of 0.6% in the area during that time. The predominant age group in Patterson Lakes is 40-49 years. Households in Patterson Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Patterson Lakes work in a professional occupation. In 2011, 78.3% of the homes in Patterson Lakes were owner-occupied compared with 79.4% in 2016.

Patterson Lakes has 4,023 properties. Over the last 5 years, Houses in Patterson Lakes have seen a 37.65% increase in median value, while Units have seen a 1.40% increase. As at 31 August 2024:

  • The median value for Houses in Patterson Lakes is $1,292,158 while the median value for Units is $603,435.
  • Houses have a median rent of $818 while Units have a median rent of $550.
There are currently 17 properties listed for sale, and 11 properties listed for rent in Patterson lakes on OnTheHouse. According to CoreLogic's data, 138 properties were sold in the past 12 months in Patterson lakes.

Suburb Insights for Patterson Lakes 3197

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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.