1 Mirriam Ave

Capel Sound VIC 3940

827 m²

Land

Gulshan Dawer, last sold this property on 06 November 2026 after 156 days on market.

Overview

Premium Permit-Approved Development Opportunity in the Heart of Capel Sound

An exceptional opportunity awaits at 1 Mirriam Avenue, Capel Sound a premium 827M2 approx development site with the significant advantage of approved and endorsed plans and permits for three architecturally designed townhouses. Offering a rare combination of location, potential, and convenience, this outstanding property allows builders, developers, and investors to bypass the lengthy and often uncertain planning process and move directly towards construction. Set within one of the Mornington Peninsula's most rapidly evolving coastal communities, this ready-to-go project presents the perfect opportunity to capitalise on strong buyer demand for quality new homes in a highly desirable beach side setting. Development Highlights Approved and endorsed planning permit for three contemporary townhouses Highly desirable corner allotment with excellent design flexibility Valuable time and cost savings with all planning approvals secured Ideal project for builders, developers, and investors seeking immediate potential Strong resale and investment prospects in a thriving coastal market Positioned moments from pristine beaches, shopping precincts, schools, cafés, and public transport Capel Sound continues to attract strong interest from owner-occupiers, holiday home buyers, and investors alike, making this an exciting opportunity to secure a project with substantial upside in a location experiencing ongoing growth and transformation. Whether you are looking to develop and sell, build and hold, or expand your development portfolio, 1 Mirriam Avenue offers the perfect foundation for your next successful project. With the approvals in place and the hard work already done, all that's left is to bring the vision to life and reap the rewards. For further information, endorsed plans, permit documentation, and project details, contact us today.

Features

827 m² lot size

Land

Estimated Value

Based on this property and similar land plots sold in Capel Sound over the last 12 months, the estimated median property value of 1 Mirriam Ave is $522.5k.

Median value

$522.5k

Estimated value range

$386k - $915k

Median days on market

Estimated value trend

-16%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Capel Sound. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.