8/1 The Esplanade, Torquay is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1970. The property has a land size of 1012m2 and floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 2 bedroom Unit sold in Torquay in the last 12 months.
EOI now closing 5.00 pm Fri Jan 26th.
The address in itself says it all - @ Number ONE ! Directly opposite Cosy Corner and the Torquay Surf beach, this iconic first floor unit is quite simply within THE best location in town. With beach and foreshore views in all directions from the front balcony and from inside, these tightly held units very seldom come onto the market. The very well presented unit offers a compact floor plan incorporating open plan living / dining, a very functional kitchen, a generous bedroom and a completely renovated bathroom (combined laundry, toilet and shower ). A rear sheltered balcony also offers lovely views out over Zeally Bay, an ideal position for a table and chairs, a morning coffee, post swim, and/or the perfect evening BBQ. Electronic security shutters and a Crim safe door provide exclusivity, privacy and allow for open windows to drift off to the crashing waves at your doorstep, for those who like a sound, relaxing sleep.....at the Beach! The unit has its own dedicated undercover two car length car park on title and the many Torquay shops, cafes, restaurants and the local hotel are just a few minutes' walk away. Walking tracks, parkland and the lovely outlooks off Point Danger and the surf beach foreshores over the Southern Ocean are literally just outside the front entry to the property- stunning attractions that are visited from all over the world! The property has attracted substantial income from Air BnB, with the current owners blocking out dates for the times they choose to visit, enjoy and simply relax. Permanent and / or holiday living permitted and general maintenance of the premises as a whole is covered in the owners corporation fees, as is building and public liability insurance. Common property areas also include lawn playing areas for the kids and a common vegetable / herb growing patch. Summary: Sensational views - A superb location - An affordable coastal offering.
NOTE : Vendor reserves the right to sell the property at any time.
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 11,070 properties. Over the last 5 years, Houses in Torquay have seen a 53.62% increase in median value, while Units have seen a 41.72% increase. As at 31 July 2024:
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