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Sold on 15 Nov 2023 - Price Unavailable

12 Heather Avenue
Sorrento VIC 3943

Bedrooms: 4
Bathrooms: 1
Car spaces: -
Land area: 649m2
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Property Details for 12 Heather Ave, Sorrento

12 Heather Ave, Sorrento is a 4 bedroom, 1 bathroom House. The property has a land size of 649m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 4 bedroom House sold in Sorrento in the last 12 months.

Building Type
House
Land Size
649m2
Local Government
Mornington Peninsula
Lot/Plan
1/TP89015

Last Listing description (November 2023)

Take advantage of an exceptional location within the prestigious Sorrento neighbourhood. This elevated 649 sqm approx. allotment showcases an original 4-bedroom, 1 bathroom timber dwelling. This property presents a unique opportunity for redevelopment, allowing for the creation of a luxurious home (STCA), in a highly desirable position.
Combining an elevated setting, overlooking the nearby valley, an east to west orientation provides the property with abundant natural light. Scenic views of the National Park may be yours from a possible double-storey residence (STCA).
Well positioned, the property is only a short 650-meter approx. walk to the bay beach and the Sorrento Sailing Club. The Diamond Bay ocean beach is in close proximity, along with the National Park and St Pauls Road General Store. The vibrant Sorrento village is just a 15-minute approx. walk away.

Sorrento is a highly sought-after destination for permanent residents and holidaymakers, with likely strong future capital growth and rental returns. Do not miss this rare opportunity to acquire a property with boundless potential in a prime location. 12 Heather Avenue provides the perfect canvas for you to create something extraordinary and enjoy the rewards of your investment.

• Prime Sorrento location
• 649 sqm approx. elevated allotment
• Opportunity for a luxurious home (STCA)
• Natural light and National Park views from a second storey (STCA)
• Close to bay beaches, the Sorrento Sailing Club, National Park, and Sorrento village
• Strong potential for capital growth and rental returns
• Rare opportunity in a sought-after area

SALE TERMS
10% Deposit, Balance 30/60 days

Property History for 12 Heather Ave, Sorrento, VIC 3943

A timeline of how this property has performed in the market
Last Sold
15 Nov 2023
  • 15 Nov 2023
    Sold for $1,100,000
  • 02 Oct 2023
    Listed for Sale $1,200,000 - $1,300,000

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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.
There are currently 8 properties listed for sale, and 5 properties listed for rent in Sorrento on OnTheHouse. According to CoreLogic's data, 113 properties were sold in the past 12 months in Sorrento.

Suburb Insights for Sorrento 3943

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Josh Callaghan
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Nick Callander
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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.