SOLD
Sold on 17 Feb 2024 for $1,450,000

1/4 Park Lane
Torquay VIC 3228

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 98m2
Land area: 342m2
Sold By
McCartney Real Estate
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Property Details for 1/4 Park Lane, Torquay

1/4 Park Lane, Torquay is a 3 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1980. The property has a land size of 342m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 3 bedroom Unit sold in Torquay in the last 12 months.

Building Type
Unit
Year Built
1980
Floor Size
98m2
Land Size
342m2
Local Government
Surf Coast
Lot/Plan
1/RP17390

Last Listing description (February 2024)

AUCTION: SATURDAY 17th FEBRUARY 2024 @ 12.30pm

This charming 3-bedroom beach residence is ideally positioned just steps away from the pristine waters of Torquay Surf Beach, Front Beach, and Point Danger Marine Park. A leisurely stroll along the picturesque foreshore takes you to Torquay's main shopping area, cafes, and restaurants.

Nestled in the heart of the 'Old Torquay', this single-level home offers a delightful living experience. The well-designed floor plan features a bright and spacious open-plan kitchen, dining, and lounge area. A cozy open fireplace, adorned with a feature hearth, adds warmth to the space, complemented by built-in cupboards and a bookcase. The kitchen boasts ample storage and a Bosch electric induction cooktop.

Two of the three generously sized bedrooms come with built-in robes and share a family bathroom. The laundry, equipped with excellent cupboard space, completes the thoughtfully laid-out design. Step into the rear of the property to discover a sun-filled north/east facing grassy yard, accessible through the laundry. Parking is a breeze with a double lock-up garage providing space for two cars.

Situated on a low maintenance 342m2 approx. allotment, this beach home is an ideal coastal retreat for weekend getaways, a permanent sea change, or a lucrative investment opportunity. Conveniently located near transport links, schools, and leisure facilities, 1-4 Park Lane is a rare opportunity to own a property with an authentic "Old Torquay" address.

Don't miss out-call today to secure your piece of coastal paradise!

Property History for 1/4 Park Lane, Torquay, VIC 3228

A timeline of how this property has performed in the market
Last Sold
$1,450,000
17 Feb 2024
  • 17 Feb 2024
    Sold for $1,450,000
  • 15 Jan 2024
    Listed for Sale AUCTION - Contact Agent
  • 19 Jan 2003
    Transferred
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About Torquay 3228

The size of Torquay is approximately 34.5 square kilometres. It has 24 parks covering nearly 13.6% of total area. The population of Torquay in 2011 was 10,141 people. By 2016 the population was 13,268 showing a population growth of 30.8% in the area during that time. The predominant age group in Torquay is 0-9 years. Households in Torquay are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Torquay work in a professional occupation. In 2011, 72% of the homes in Torquay were owner-occupied compared with 73.4% in 2016.

Torquay has 10,997 properties. Over the last 5 years, Houses in Torquay have seen a 51.97% increase in median value, while Units have seen a 34.98% increase. As at 30 September 2024:

  • The median value for Houses in Torquay is $1,274,280 while the median value for Units is $882,722.
  • Houses have a median rent of $650 while Units have a median rent of $580.
There are currently 25 properties listed for sale, and no properties listed for rent in Torquay on OnTheHouse. According to CoreLogic's data, 363 properties were sold in the past 12 months in Torquay.

Suburb Insights for Torquay 3228

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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.