OFF MARKET

31 Ivanhoe Street
Sorrento VIC 3943

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 12826m2
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Property Details for 31 Ivanhoe St, Sorrento

Building Type
Land
Land Size
12826m2
Local Government
Mornington Peninsula
Lot/Plan
7/LP75564

Last Listing description (August 2023)

- First time offered in over 30 years
- Potential for spectacular ocean views
- Adjacent to the coastal reserve

Land area: 12,700 (approx.)

RT Edgar (Portsea) are pleased to offer 31 Ivanhoe Street, Sorrento for sale by Expressions of Interest closing Wednesday 19 November at 4pm.

This significant and imposing land parcel is the last major residential block available in the Sorrento market. It provides a rare opportunity to secure the last significant site in this affluent coastal area to either subdivide, build your dream home/holiday retreat or hold for future generations.

Key features of the offering include the following:

- Potential for spectacular ocean views over the Sorrento Back Beach
- Easy access to the Sorrento back beach
- Frontage to the Coastal Reserve
- Close proximity to Diamond Bay, a secluded and protected beach
- First time offered to the market in over 30 years

Property History for 31 Ivanhoe St, Sorrento, VIC 3943

A timeline of how this property has performed in the market
Last Transferred
27 Sep 2021
  • 22 Aug 2023
    Listed for Sale Not Disclosed
  • 27 Sep 2021
    Transferred
  • 02 Dec 2014
    Sold for $2,600,000
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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 3,685 properties. Over the last 5 years, Houses in Sorrento have seen a 46.10% increase in median value, while Units have seen a 45.36% increase. As at 30 September 2024:

  • The median value for Houses in Sorrento is $1,932,775 while the median value for Units is $1,065,199.
  • Houses have a median rent of $725 while Units have a median rent of $638.
There are currently 13 properties listed for sale, and 5 properties listed for rent in Sorrento on OnTheHouse. According to CoreLogic's data, 106 properties were sold in the past 12 months in Sorrento.

Suburb Insights for Sorrento 3943

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Disclaimer
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.