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Sold on 24 Aug 2024 - Price Unavailable

554 Melbourne Road
Sorrento VIC 3943

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 840m2
Sold By
Kay & Burton Portsea
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Property Details for 554 Melbourne Rd, Sorrento

554 Melbourne Rd, Sorrento is a 3 bedroom, 1 bathroom House. The property has a land size of 840m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Sorrento in the last 12 months.

Building Type
House
Land Size
840m2
Local Government
Mornington Peninsula
Lot/Plan
127/LP20557

Last Listing description (September 2024)

With its entrance on Morobe Street, this solidly built permanent or holiday coastal retreat, surrounded by encircling Tea Tree and coastal vegetation, is located on the narrowest part of the Peninsula between Koonya ocean beach and the foreshore.

A roomy open plan kitchen/living/dining area, bathed in natural light, courtesy of a high pitched roof line and highlight windows, leads out through french doors to private lawned gardens, and green surrounds.

A spacious second living area with feature fireplace and cosy wood burner offers an alternative relaxation zone, with a tranquil garden outlook. The practical floor plan aids family harmony, offering a 3 bedroom accommodation wing with family bathroom, the main bedroom with ensuite and walk in robe.

Ideally located within a 2 minute walk for coffee and the essentials at the iconic Koonya General Store or stroll down to Cameron's Bight bay beach, or the rock pools of Koonya ocean beach to feel the sand between your toes. Sorrento township or Blairgowrie Village are a mere five minutes' drive away.

Property History for 554 Melbourne Rd, Sorrento, VIC 3943

A timeline of how this property has performed in the market
Last Sold
24 Aug 2024
  • 26 Aug 2024
    Listed for Sale $1,250,000 - $1,350,000
  • 24 Aug 2024
    Sold
  • 31 May 2000
    Sold for $204,000
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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 3,687 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.