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Sold on 27 Apr 2024 for $705,000

20 Third Avenue
Rosebud VIC 3939

Bedrooms: 3
Bathrooms: 3
Car spaces: 1
Land area: 392m2
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Property Details for 20 Third Ave, Rosebud

20 Third Ave, Rosebud is a 3 bedroom, 3 bathroom House with 1 parking spaces. The property has a land size of 392m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 3 bedroom House sold in Rosebud in the last 12 months.

Building Type
House
Land Size
392m2
Local Government
Mornington Peninsula
Lot/Plan
26~B/LP5108

Last Listing description (April 2024)

Auction Location: On Site

Located steps from the glistening shores of the foreshore beach, walking distance to local shops and eateries is this weatherboard home offering unique accommodation options set on an allotment of 392sqm approx.

With the exterior being recently repainted, the property consists of three individual units, each with a separate bedroom, living area and private bathroom.

The rear unit offers a gas stove and oven, while the middle and front units have kitchenettes that are sizable enough to add build in cooking appliances. All of the units are equipped with reverse cycle air-conditioning.

The astute investor will quickly realise the 'cash-cow' potential of the property as either a short-term Air B&B style operation, or likely to generate a rental return of $900 per week when all three are tenanted.

With solar panels, a single garage, a rear entertaining area with a fire pit, and communal laundry facilities, this home offers a unique opportunity to secure a blue-chip location while providing returns that could offer a cash flow-positive investment.

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Property History for 20 Third Ave, Rosebud, VIC 3939

A timeline of how this property has performed in the market
Last Sold
$705,000
27 Apr 2024
  • 27 Apr 2024
    Sold for $705,000
  • 27 Mar 2024
    Listed for Sale SOLD AT AUCTION
  • 13 Dec 2017
    Listed for Sale ***LAST HOME NOW UNDER CONTRACT***
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About Rosebud 3939

The size of Rosebud is approximately 17.1 square kilometres. It has 36 parks covering nearly 26.1% of total area. The population of Rosebud in 2011 was 12,501 people. By 2016 the population was 13,188 showing a population growth of 5.5% in the area during that time. The predominant age group in Rosebud is 60-69 years. Households in Rosebud are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Rosebud work in a trades occupation. In 2011, 68.9% of the homes in Rosebud were owner-occupied compared with 67.9% in 2016.

Rosebud has 10,829 properties. Over the last 5 years, Houses in Rosebud have seen a 33.61% increase in median value, while Units have seen a 29.60% increase. As at 31 October 2024:

  • The median value for Houses in Rosebud is $764,159 while the median value for Units is $653,771.
  • Houses have a median rent of $530 while Units have a median rent of $550.
There are currently 88 properties listed for sale, and 15 properties listed for rent in Rosebud on OnTheHouse. According to CoreLogic's data, 414 properties were sold in the past 12 months in Rosebud.

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