18 Marine TerraceSorrento WA 6020
Property Details for 18 Marine Tce, Sorrento
18 Marine Tce, Sorrento is a 4 bedroom, 5 bathroom House with 2 parking spaces and was built in 1968. The property has a land size of 712m2 and floor size of 148m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 4 bedroom House sold in Sorrento in the last 12 months.
Last Listing description (June 2024)
Welcome to 18 Marine Terrace Sorrento.
This is a truly unique property and special opportunity for someone that recognises a quality piece of coastal real estate only 200 metres from our stunning Perth coastline and the Marmion Angling Club.
Two homes are located on the block on one title with their own individual street frontages.
One into Marine Terrace and the other into the lane behind.
The combined rental income on these properties at present is $1,555 per week.
That's $80,860 per year. That rental value is on fixed term leases.
What you will love...
Whether you are an investor, an owner looking for a great lifestyle, someone that wants to create a future for their retirement (or maybe you are already retired) or simply a family that has a tribe to accommodate; this 711 square metres (zoned R20/25) of coastal land features a proposition that is hard to ignore.
If you wanted to live in one of the properties and AirBNB the other the per night rental income would be higher and present a sensational means of paying your mortgage whilst living in this excellent location.
Take your pick.
* Live on one and rent the other.
* Rent out both.
* Move the entire family in.
Grandparents, kids returning home, melded families.
The choice is yours.
The options are endless but the opportunity to secure something like this is genuinely rare.
The original home faces into Marine Terrace and features a renovated and extended funky property that consists of 3 bedrooms, 3 bathrooms and two living zones.
Modern clean lines combine with 1960's warmth of character.
If you like something a little quirky and different this ones for you.
This property is rented at $860 per week until 26th April 2024.
The second home is just under three years old and is a Hamptons inspired 1 bedroom, 2 bathroom townhouse that has such a great vibe. This property is rented at $695 per week until 11th July 2024.
Both homes have a distinct coastal vibe and feel to them.
Living here is all about a coastal lifestyle of relaxation.
What to know...
The block of 711sqm is zoned R20/25 and has a frontage to Marine Terrace and frontage to the lane behind.
This provides you yet another good reason to look at this property.
IF in the future you decide you would like to completely rebuild and build two substantial new homes there is absolutely the capacity to do so.
Note: All potential re zoning and development options are subject to Council and WA Planning approvals and a buyers should make their own investigations.
Who to talk to...
For further details please call Ian Masterson on 0402 311 370 or email me on imasterson@realmark.com.au
Property History for 18 Marine Tce, Sorrento, WA 6020
- 22 Dec 2023Sold for $1,975,000
- 28 Nov 2023Listed for Sale Offers
- 14 Jun 2023Listed for Rent $700 / week
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0About 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 3,452 properties. Over the last 5 years, Houses in Sorrento have seen a 88.47% increase in median value, while Units have seen a 15.71% increase. As at 31 July 2024:
- The median value for Houses in Sorrento is $1,624,546 while the median value for Units is $465,664.
- Houses have a median rent of $1,000 while Units have a median rent of $520.
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