OFF MARKET

1881 Point Nepean Road
Tootgarook VIC 3941

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 58m2
Land area: 926m2
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Property Details for 1881 Point Nepean Rd, Tootgarook

1881 Point Nepean Rd, Tootgarook is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 926m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
House
Year Built
1950
Floor Size
58m2
Land Size
926m2
Local Government
Mornington Peninsula
Lot/Plan
58/LP9388

Last Listing description (August 2023)

Auction Location: 1881 Point Nepean Road, Tootgarook

Welcome to the ultimate trifecta of investment opportunity. This unique property located in Tootgarook includes two units and a rear block perfect for boat storage, making it the perfect choice for savvy investors looking to maximize their returns. Situated within walking distance of shops, schools and crystal blue waters, this is an ideal location with plenty of potential.

The front units offer a spacious living area that overlooks picturesque bay views while the second unit boasts two generously sized bedrooms. With both units currently leased out and paying a combined total of $2777 approx. per month plus an additional income from boat storage at the rear of $440 per month, this is your chance to secure steady returns for years to come.

Don't miss out on this incredible investment opportunity - call us today.

Property History for 1881 Point Nepean Rd, Tootgarook, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$1,501,000
27 May 2023
  • 15 Jun 2023
    Listed for Sale Not Disclosed
  • 27 May 2023
    Sold for $1,501,000
  • 01 May 2023
    Listed for Sale $1,150,000 to $1,250,000
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About Tootgarook 3941

The size of Tootgarook is approximately 3.5 square kilometres. It has 10 parks covering nearly 6.7% of total area. The population of Tootgarook in 2011 was 2,695 people. By 2016 the population was 2,871 showing a population growth of 6.5% in the area during that time. The predominant age group in Tootgarook is 60-69 years. Households in Tootgarook are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Tootgarook work in a trades occupation. In 2011, 68.1% of the homes in Tootgarook were owner-occupied compared with 67.4% in 2016.

Tootgarook has 2,983 properties. Over the last 5 years, Houses in Tootgarook have seen a 39.80% increase in median value, while Units have seen a 35.17% increase. As at 31 October 2024:

  • The median value for Houses in Tootgarook is $932,276 while the median value for Units is $675,824.
  • Houses have a median rent of $540 while Units have a median rent of $435.
There are currently 20 properties listed for sale, and 4 properties listed for rent in Tootgarook on OnTheHouse. According to CoreLogic's data, 83 properties were sold in the past 12 months in Tootgarook.

Suburb Insights for Tootgarook 3941

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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.