OFF MARKET

5 Labuan Street
Sorrento VIC 3943

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 75m2
Land area: 697m2
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Property Details for 5 Labuan St, Sorrento

5 Labuan St, Sorrento is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 697m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in June 2021.

Building Type
House
Year Built
1950
Floor Size
75m2
Land Size
697m2
Local Government
Mornington Peninsula
Lot/Plan
107/LP20557

Last Listing description (July 2021)

Full of laid back 1950s character and charm and only 600m from the beach, this two-bedroom cottage and large two-room bungalow with third bedroom is the perfect antidote for fast-paced modern living.

In a quiet street at the peninsula's narrowest point with park-like gardens, stroll to the Koonya General Store for a morning coffee on your way to check out the bay or the ocean and experience the very best of the peninsula's fabulous holiday lifestyle.

Ideal for couples or small families with loads of potential to rent out over summer, a cosy lounge with split-system air-conditioning offers space to entertain while an updated kitchen with stainless steel stove and an adjoining meals area can easily cater for family and friends.

Two generous bedrooms are serviced by a family bathroom and there is also a second old-fashioned outside toilet for some genuine peace and quiet, along with an outdoor shower and bath and a relaxing front veranda to enjoy a book in the morning sun.

A carport doubles as an alfresco entertaining area beside the bungalow providing space as a rumpus room with a handy sink, as well as a separate bedroom for children or guests.

Boasting a glorious northerly aspect with all day sun, other features include a lock-up storage shed, original timber floors, double-hung windows and a firepit area at the rear.

Hockingstuart | Belle Property is proud to be offering this property for sale. To arrange an inspection or for further information, please contact Mal McInnes on 0415 502 316 mal.mcinnes@belleproperty.com

Property History for 5 Labuan St, Sorrento, VIC 3943

A timeline of how this property has performed in the market
Last Sold
$1,531,000
28 Jun 2021
Listed for Rent
19 Dec 2019
  • 28 Jun 2021
    Sold for $1,531,000
  • 17 Jun 2021
    Listed for Sale UNDER OFFER
  • 06 Dec 2019
    Listed for Rent $430 / year
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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 3,684 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, 101 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.