1/234-238 Ocean Beach RoadSorrento VIC 3943
Property Details for 1/234-238 Ocean Beach Rd, Sorrento
1/234-238 Ocean Beach Rd, Sorrento is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 40m2.
Last Listing description (November 2017)
This 1 bedroom unit with separate living area is one of the few unique units in the complex looking out over the coastal reserve from an outside deck . Just a few minutes walk to the back beach & the Village precinct, this is a wonderful opportunity to combine business and pleasure. Use as an investment opportunity or for your private use , or a combination of both . The flexibility is there for you to control at a price level not generally available in Sorrento because you are buying a 300 year lease (approx.) & that , to put it in perspective, is significantly longer than the settlement of Australia.
Property History for 1/234-238 Ocean Beach Rd, Sorrento, VIC 3943
- 16 Feb 2016Listed for Sale $349,000
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About Sorrento 3943
The size of Sorrento is approximately 7 square kilometres. It has 9 parks covering nearly 32% of total area. The population of Sorrento in 2011 was 1,447 people. By 2016 the population was 1,596 showing a population growth of 10.3% in the area during that time. The predominant age group in Sorrento is 60-69 years. Households in Sorrento are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Sorrento work in a professional occupation. In 2011, 81.1% of the homes in Sorrento were owner-occupied compared with 82.2% in 2016.
Sorrento has 3,694 properties. Over the last 5 years, Houses in Sorrento have seen a 55.39% increase in median value, while Units have seen a 45.56% increase. As at 31 July 2024:
- The median value for Houses in Sorrento is $1,977,570 while the median value for Units is $1,069,804.
- Houses have a median rent of $698 while Units have a median rent of $638.
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