OFF MARKET

125/1 Padbury Circle
Sorrento WA 6020

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 74m2
Land area: 114m2
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Last updated 30 Sep 2024
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Property Details for 125/1 Padbury Cir, Sorrento

125/1 Padbury Cir, Sorrento is a 2 bedroom, 1 bathroom Unit and was built in 1983. The property has a land size of 114m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in February 2014.

Building Type
Unit
Year Built
1983
Floor Size
74m2
Land Size
114m2
Local Government
Joondalup
Lot/Plan
125/S018449

Last Listing description (February 2014)

Many people looking for a long term property investment satisfaction that is also stress free with low involvement find that these managed resorts offer a unique opportunity.

Located opposite the magic Sorrento Beach and a boardwalk to popular tourist attraction Hillarys Boat Harbour with its caf, shops and restaurants this 2 bedroom unit can be bought by Foreign Investors. The zoning is for short term accommodation which means up to 3 months so while they are idyllic in many ways they do not offer a live in opportunity.

Where else can you buy prime coastal real estate at this price ?

Water Rates:$910pa Land Rates:$840.24pa
Total Gross Income : $28701.00 Total Strata Fees $4629.60
Ring Rosemarie today to discuss your investment

Property History for 125/1 Padbury Cir, Sorrento, WA 6020

A timeline of how this property has performed in the market
Last Sold
$278,000
07 Feb 2014
  • 07 Feb 2014
    Sold for $278,000
  • 10 Jun 2013
    Listed for Sale Fr $279,000
  • 05 Nov 2007
    Listed for Sale $365,000 - $399,000
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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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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.