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Sold on 22 May 2024 - Price Unavailable

54 Park Road
Sorrento VIC 3943

Bedrooms: 3
Bathrooms: 2
Car spaces: 4
Land area: 2070m2
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Property Details for 54 Park Rd, Sorrento

54 Park Rd, Sorrento is a 3 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 2070m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom House sold in Sorrento in the last 12 months.

Building Type
House
Land Size
2070m2

Last Listing description (May 2024)

Perched on the highest point of Sorrento, this property blends quiet seclusion with commanding views of the Bay. It is being offered for private sale for the first time in 40 years, making it a rare and exclusive opportunity that would suit a developer or builder looking for the upside of a clever makeover or complete build.

At the end of the long, tree-lined drive, you’ll find the existing home, a sound and solid brick construction - excellent foundations for a renovation. It comprises three bedrooms, two bathrooms, and an open-plan living area with floor-to-ceiling picture windows and sliding doors to the deck so you can enjoy 180° views of the Bay inside and out. Downstairs, there’s the potential to add a second living space and fourth bedroom in the covered terrace.
With 2070m2 of land bordering Back Beach National Park and just moments’ walk to the beach, this is a fantastic opportunity to re- imagine the property into a modern secluded sanctuary and become king of the hill in Sorrento.

• Elevated home on leafy 2070m2 block backing onto the National Park
• Expansive views across the Bay from the deck, main bedroom, & lounge
• Long-held for 40 years, prime renovation development opportunity
• 3 beds + 2 baths + open plan living, dining, & kitchen area flowing to deck
• Option to add living area & bedroom downstairs; single garage + carport
• Lawn area at entry ideal as a dry stop for a boat, caravan, or shed (STCA)
• A moment’s walk to the coast; five minutes to shops, school, front beach

Property History for 54 Park Rd, Sorrento, VIC 3943

A timeline of how this property has performed in the market
Last Sold
22 May 2024
  • 20 May 2024
    Sold for $2,050,000
  • 05 Jan 2024
    Listed for Sale $2,050,000 - $2,250,000
  • 19 Apr 1982
    Sold for $25,000

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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 3,696 properties. Over the last 5 years, Houses in Sorrento have seen a 43.12% increase in median value, while Units have seen a 66.00% increase. As at 30 November 2024:

  • The median value for Houses in Sorrento is $1,896,061 while the median value for Units is $1,227,902.
  • Houses have a median rent of $700 while Units have a median rent of $638.
There are currently 10 properties listed for sale, and no properties listed for rent in Sorrento on OnTheHouse. According to CoreLogic's data, 105 properties were sold in the past 12 months in Sorrento.

Suburb Insights for Sorrento 3943

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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.