SOLD
Sold on 28 Feb 2024 for $250,000

118/1 Padbury Circle
Sorrento WA 6020

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 70m2
Land area: 86m2
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Property Details for 118/1 Padbury Cir, Sorrento

118/1 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 86m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Sorrento in the last 12 months.

Building Type
Unit
Year Built
1983
Floor Size
70m2
Land Size
86m2
Local Government
Joondalup
Lot/Plan
118/S018449

Last Listing description (February 2022)

Why park your money in the bank and get zero interest when you can park it in a serviced apartment investment and get around 4%.
Plus you get to take up some holiday accomodation at a reduced cost....... right opposite SORRENTO BEACH.
This is a great way to offset your tax, earn some interest, and take a holiday.

This is a 2 bed 1 bath Apartment that is the best buy ever, situated in the ever popular SORRENTO BEACH RESORT. A resort Zoned property that can be bought by foreign investors subject to FIRB approval.
What has it got?
*Fully Managed by experienced resort management
*Fully Maintained by the resort management
*Large 2 Bed 1 Bath 2 Showers, ground floor Apartment
*Onsite Parking
*Resort Pool, Spa, Sauna
*Air-conditioned
*Fully Furnished (Belongs to you)

Close to and within Walking distance
*Hillarys Marina
*Voyage Cafe
*White Salt Cafe
Drive - 5 minutes
*Whitford Shopping Centre
*Coles at Hillarys

The apartment comes with a lease back agreement with the professional onsite resort management. 'AJS Management'.

Property History for 118/1 Padbury Cir, Sorrento, WA 6020

A timeline of how this property has performed in the market
Last Sold
$250,000
28 Feb 2024
  • 28 Feb 2024
    Sold for $250,000
  • 27 Jan 2022
    Sold for $180,000
  • 14 Jan 2022
    Listed for Sale $199,000
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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 3,455 properties. Over the last 5 years, Houses in Sorrento have seen a 87.21% increase in median value, while Units have seen a 24.80% increase. As at 31 August 2024:

  • The median value for Houses in Sorrento is $1,625,562 while the median value for Units is $506,407.
  • Houses have a median rent of $1,000 while Units have a median rent of $600.
There are currently 23 properties listed for sale, and 1 property listed for rent in Sorrento on OnTheHouse. According to CoreLogic's data, 137 properties were sold in the past 12 months in Sorrento.

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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.