SOLD
Sold on 18 Nov 2023 for $1,075,000

33 Iluka Street
Safety Beach VIC 3936

Bedrooms: 2
Bathrooms: 1
Car spaces: 4
Floor area: 75m2
Land area: 823m2
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Property Details for 33 Iluka St, Safety Beach

33 Iluka St, Safety Beach is a 2 bedroom, 1 bathroom House with 4 parking spaces and was built in 1970. The property has a land size of 823m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 2 bedroom House sold in Safety Beach in the last 12 months.

Building Type
House
Year Built
1970
Floor Size
75m2
Land Size
823m2
Local Government
Mornington Peninsula
Lot/Plan
769/LP11273

Last Listing description (April 2024)

Ideal for savvy developers and investors seeking instant returns, this classic 2-bedroom beach house rests on approx. 823m2 of level square land, ripe for subdivision (STCA). With open floor plan with kitchen, dining, and a cozy lounge. The central bathroom/laundry caters to convenience. A great rear deck provides the perfect place to enjoy the weather and entertain.

The massive 4-car garage/workshop approx. 7.5m x 12m, featuring a mezzanine storage level and ample workbench space. Currently tenanted at $1,782 per month until 12/23 (with potential renewal), this property promises stable income.

Seize the opportunity to capitalize on the surging buyer demand and limited housing supply. Plus, relish the prime location-just a stroll away from Safety Beach shores, Marine Drive shops, and the Safety Beach Yacht Club. Don't miss this chance to shape your investment future!

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Property History for 33 Iluka St, Safety Beach, VIC 3936

A timeline of how this property has performed in the market
Last Sold
$1,075,000
18 Nov 2023
Listed for Rent
$350/w
10 Dec 2021
  • 18 Nov 2023
    Sold for $1,075,000
  • 10 Oct 2023
    Listed for Sale Under Offer
  • 30 Nov 2021
    Listed for Rent $350 / week
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About Safety Beach 3936

The size of Safety Beach is approximately 6 square kilometres. It has 23 parks covering nearly 12.2% of total area. The population of Safety Beach in 2011 was 3,517 people. By 2016 the population was 4,824 showing a population growth of 37.2% in the area during that time. The predominant age group in Safety Beach is 60-69 years. Households in Safety Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Safety Beach work in a trades occupation. In 2011, 69.6% of the homes in Safety Beach were owner-occupied compared with 69.8% in 2016.

Safety Beach has 5,057 properties. Over the last 5 years, Houses in Safety Beach have seen a 41.23% increase in median value, while Units have seen a 33.88% increase. As at 30 September 2024:

  • The median value for Houses in Safety Beach is $1,193,877 while the median value for Units is $912,089.
  • Houses have a median rent of $695 while Units have a median rent of $605.
There are currently 58 properties listed for sale, and 5 properties listed for rent in Safety beach on OnTheHouse. According to CoreLogic's data, 180 properties were sold in the past 12 months in Safety beach.

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