SOLD
Sold on 30 Nov 2023 for $1,700,000

36 Lincoln Avenue
Sorrento VIC 3943

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1059m2
Sold By
Prentice Real Estate Rye / Sorrento
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Property Details for 36 Lincoln Ave, Sorrento

Building Type
Land
Land Size
1059m2
Local Government
Mornington Peninsula
Lot/Plan
2/LP64264

Last Listing description (December 2023)

Measuring a generous 1059m2 this largely level and usable vacant land holding offers sweeping valley and treetop views of the surrounding area. Ideally located in a quiet, no-through road cul-de-sac it is just a leisurely 10 minute stroll to Sorrento's vibrant Village and only 800m (approx) to National Park Reserve that takes you up to the spectacular views from Coppins Lookout and walkway down to the surf beach. Tightly held in the same ownership for nearly 50 years, don't miss this rare opportunity to acquire a block of this size and position. A rare find indeed!

Property History for 36 Lincoln Ave, Sorrento, VIC 3943

A timeline of how this property has performed in the market
Last Sold
$1,700,000
30 Nov 2023
  • 30 Nov 2023
    Sold for $1,700,000
  • 12 Oct 2023
    Listed for Sale $1,750,000 To $1,850,000
  • 31 Mar 1977
    Sold for $8,500
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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 3,687 properties. Over the last 5 years, Houses in Sorrento have seen a 43.99% increase in median value, while Units have seen a 27.05% increase. As at 31 October 2024:

  • The median value for Houses in Sorrento is $1,927,085 while the median value for Units is $1,028,225.
  • Houses have a median rent of $725 while Units have a median rent of $638.
There are currently 12 properties listed for sale, and 1 property 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.