OFF MARKET

114/1 Padbury Circle
Sorrento WA 6020

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 62m2
Land area: 81m2
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Property Details for 114/1 Padbury Cir, Sorrento

114/1 Padbury Cir, Sorrento is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1983. The property has a land size of 81m2 and floor size of 62m2. While the property is not currently for sale or for rent, it was last sold in March 2007.

Building Type
Unit
Year Built
1983
Floor Size
62m2
Land Size
81m2
Local Government
Joondalup
Lot/Plan
114/S018449

Last Listing description (March 2007)

It's a pleasure to present...
Don't miss this once in a life time opportunity to secure your piece of ocean front real estate. If you have been looking to invest in bricks and mortar but don't want the hassle and expense of constantly doing repairs, dealing with tenants, and putting your hands in your pocket to keep the banks happy, then do I have THE PROPERTY FOR YOU!!!
This well appointed fully furnished 2 bedroom apartment, forms part of the Sorrento Beach Resort. The resort takes care of all the repairs and maintenance, strata fees etc. while you sit back and enjoy the increasing returns and tax benefits.

Add to this the capital growth in the area, ocean front location, the proximity to Hillarys Marina and No Strata Fees, and you would have to agree this is a rare investment opportunity indeed.
The icing on the cake is that you can stay in your own apartment and use it as a holiday home and take advantage of all the facilities, such as the pool, spa, sauna, cable TV and BBQ* (conditions apply). When you are working, make your investment work as well. That is the secret to real estate investment success.
For further information or inspection, call Dilip Shah 0402 833 213

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Property History for 114/1 Padbury Cir, Sorrento, WA 6020

A timeline of how this property has performed in the market
Last Sold
$262,000
14 Mar 2007
  • 14 Mar 2007
    Sold for $262,000
  • 01 Mar 2007
    Listed for Sale $265,000
  • 06 Feb 2002
    Sold for $186,000

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About Sorrento 6020

The size of Sorrento is approximately 3.6 square kilometres. It has 11 parks covering nearly 14.3% of total area. The population of Sorrento in 2011 was 7,371 people. By 2016 the population was 7,355 showing a population decline of 0.2% in the area during that time. The predominant age group in Sorrento is 50-59 years. Households in Sorrento are primarily couples with children 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, 83.1% of the homes in Sorrento were owner-occupied compared with 84.8% in 2016.

Sorrento has 3,456 properties. Over the last 5 years, Houses in Sorrento have seen a 89.14% increase in median value, while Units have seen a 33.35% increase. As at 30 September 2024:

  • The median value for Houses in Sorrento is $1,646,503 while the median value for Units is $542,703.
  • Houses have a median rent of $1,000 while Units have a median rent of $660.
There are currently 25 properties listed for sale, and 1 property listed for rent in Sorrento on OnTheHouse. According to CoreLogic's data, 135 properties were sold in the past 12 months in Sorrento.

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