FREE Property Report

42 First Settlement Drive,
Sorrento VIC 3943

This property is Off Market

All about Sorrento Homes for sale in Sorrento

The Average property price in this area is $1,863,303, this is based on recent transactions.
Internet speed Download 100 Mbps / Upload 40 Mbps
Distance to the coast 0.83 km
Potential bushfire risk 0 / 10
Report as to subsidence
Potential Land Contamination risk
Powerlines within 200m 0

Street view

Drive times

School Catchments

Property For Sale Nearby

Belle Property 2-4 TARAKAN ST, UNDER CONTRACT 3 Beds - 1 Baths - 4 Parking Within 0.5 km Belle Property 6 WESTMORE AV, $2,999,000 - $3,295,000 4 Beds - 2 Baths - 7 Parking Within 0.6 km Fletchers 3 RONALD AV, For Sale $1,850,000 - $1,950,000 3 Beds - 2 Baths - 4 Parking Within 1.4 km Fletchers 798 MELBOURNE RD, For Sale $1,250,000 - $1,300,000 3 Beds - 2 Baths - 2 Parking Within 1.5 km At Realty 3297-3299 POINT NEPEAN RD, Contact Agent 5 Beds - 2 Baths - 0 Parking Within 1.7 km Stockdale&Leggo UNIT 25, 3360 POINT NEPEAN RD, $1,090,000 to $1,190,000 2 Beds - 1 Baths - 1 Parking Within 1.8 km

Recently Sold Properties in this Area

About Point Nepean

With an average age of 65, households expect an average monthly mortgage payment of $2,234 or a weekly rent payment of $451. The average family earns a weekly income of $1,899 with a typical household size of 2 and a 99.45% employment rate.

Consistent high demand relative to supply is a key feature in Sorrento driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Sorrento due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Sorrento provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Sorrento necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Sorrento we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Sorrento a better buying opportunity than it may have been in the past.

Public Transport

Marshall

Port Phillip Ferries (Portarlington-Docklands) train

Tyabb Station ship

Queenscliff - Sorrento Ferry train

Bittern Station train

South Geelong train

Moorooduc

Mornington train

Hastings

General Points of Interest

Sorrento Bowling Club monument

Harold Holt Memorial golf

The Dunes Golf Club monument

Limeburner's Kiln

Dragon's head rock

Population

(Country of Birth not stated 7%)

Are people healthy?

There are a recorded 2184 asthma sufferers and 975 people living with diabetes. In addition, 1430 people have a heart/vascular condition and 2438 people live with three or more chronic diseases.

A good place to invest in property?

Point Nepean a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.

Investability - Housing Demand

Victoria State average 44 / 100

Income

41 / 100

52 / 100

Industry

15 / 100

17 / 100

Population

33 / 100

32 / 100

House Prices

85 / 100

70 / 100

Jobs

34 / 100

Disclaimer

Local Crime Rates

Incidents Trend State Average

Local Schools

School Catchments

Rosebud Secondary College Sorrento Primary School
Rye Primary School
Rye, VIC, 3941 State Prep-6
Tootgarook Primary School
Tootgarook, VIC, 3941 State Prep-6
St Joseph's School
Sorrento, VIC, 3943 Independent Prep-6
Sorrento Primary School
Sorrento, VIC, 3943 State Prep-6

Property Story

42 First Settlement Drive, Sorrento, Vic, 3943 is a residential property . The estimated distance to the sea is only 0.83km and 0.29KM to vegatation considered to be a factor in bushfire risk.

Local Developments

To see the latest development applications

Join us

Already have an account? Sign in

134 Acme Avenue Street, Town, State

Description - Details the application. Type and other information pertaining to the development application and more...

Authority Reference: UX0909823-GOV Website

The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.

Report this property

Lawlab logo