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Sold on 19 Sep 2024 - Price Unavailable

1 Nepean Highway
Seaford VIC 3198

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 1861m2
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Property Details for 1 Nepean Hwy, Seaford

1 Nepean Hwy, Seaford is a 2 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 1861m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom House sold in Seaford in the last 12 months.

Building Type
House
Land Size
1861m2
Local Government
Frankston
Lot/Plan
1/PS507019

Last Listing description (October 2024)

Front row to the sandy Seaford shoreline is this rare opportunity for the savvy developer preparing for the predicted near future market upswing or perhaps land bank and hold with the entire block of 8 dwellings currently leased.

* 30m frontage to Nepean Highway
* 61m depth

* 30m rear boundary to Beach Grove
* 1861m2 ( Data from LASSI )
Note all figures are approximate in nature:
Plan measurements are displayed as 100 foot frontage x 200 foot depth.

Note - This property is NOT subject to inundation overlay.

All units are currently leased:
Weekly combined rent is approximately $2,360pw / $10,254pcm / $123,057pa

With an increase in nearby multi unit development the opportunity to secure such a rare holding of this caliber are few and far between.

Contract with section 32 available.
Site visit and walk overs upon request - individual unit inspections will require relevant notice to renters occupying each property.

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Property History for 1 Nepean Hwy, Seaford, VIC 3198

A timeline of how this property has performed in the market
Last Sold
19 Sep 2024
  • 19 Sep 2024
    Sold
  • 03 Jul 2024
    Listed for Sale $3,000,000 -$3,300,000
  • 22 May 2024
    Listed for Rent $570 / week

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About Seaford 3198

The size of Seaford is approximately 12.5 square kilometres. It has 35 parks covering nearly 24.3% of total area. The population of Seaford in 2011 was 16,032 people. By 2016 the population was 16,455 showing a population growth of 2.6% in the area during that time. The predominant age group in Seaford is 30-39 years. Households in Seaford are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Seaford work in a professional occupation. In 2011, 63.4% of the homes in Seaford were owner-occupied compared with 62.6% in 2016.

Seaford has 10,642 properties. Over the last 5 years, Houses in Seaford have seen a 23.69% increase in median value, while Units have seen a 26.76% increase. As at 30 November 2024:

  • The median value for Houses in Seaford is $820,511 while the median value for Units is $634,469.
  • Houses have a median rent of $570 while Units have a median rent of $490.
There are currently 38 properties listed for sale, and 18 properties listed for rent in Seaford on OnTheHouse. According to CoreLogic's data, 382 properties were sold in the past 12 months in Seaford.

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