5/1967 Point Nepean RoadTootgarook VIC 3941
Property Details for 5/1967 Point Nepean Rd, Tootgarook
5/1967 Point Nepean Rd, Tootgarook is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 1165m2 and floor size of 63m2.
Last Listing description (August 2023)
Before reading further please note these units cannot be rented on a short term holiday rental basis, long term rental only under Body Corp guidelines. Also being a Company share form of ownership and NOT a strata title major banks are less likely to lend against. Cash buyers or those who can obtain a line of credit from other assets are more likely to be able to purchase this form of ownership.
What a location! Who says you have to be a millionaire to holiday directly opposite the beach! Here is an opportunity for the position buyer to enjoy located at Unit 5/ 1967 Point Nepean Road, Tootgarook (1 of 7 on site) offers a contemporary fit-out and features: 2 bedrooms, 2 bathrooms, including Master with ensuite, light filled living spaces, polished timber floors, R.C air conditioning, front & rear patio/ decking areas to follow the sun and enjoy a coffee and paper in the morning and BBQ and wine in the afternoon capturing the Westerly sun. Enjoy breakfast, lunch or dinner just 400m stroll away at "The Kitchen" on the corner of Morris Street and Point Nepean Roads. Bike or walk the trail to Rye's vibrant village or just soak up the peace & quiet on the beach directly opposite.
Property History for 5/1967 Point Nepean Rd, Tootgarook, VIC 3941
- 16 Jan 2023Listed for Sale $495,000
- 09 Apr 2019Listed for Sale $410,000 - $450,000
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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 2,982 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.
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