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Back 12 Elizabeth Ave
Off Market

12 Elizabeth Ave

Capel Sound VIC 3940

3
1
2
110 m²
689 m²
House
Last sold for $725,000
Cameron GullifordCameron Gulliford, last sold this property on 15 March 2026 after 67 days on market.

Overview

Beachside Development/Investment/Lifestyle Opportunity

Perfectly located in a service road providing convenient access and just 150 metres from pristine bay beaches, this character-filled residence presents an exceptional opportunity for homeowners, investors, and developers alike. Positioned on a generous, flat allotment of approximately 690sqm, the property offers exciting potential for future subdivision (STCA). Further enhancing its appeal is the rare opportunity to also acquire the neighbouring property at No. 10, creating expanded scope for future development. Neat, tidy, and well maintained, the home is just a two-minute stroll across the road to the beach and provides a convenient base from which to enjoy the many lifestyle activities the Mornington Peninsula is renowned for. The accommodation includes three bedrooms and a versatile second living area, complemented by ducted gas heating, split-system air conditioning, polished timber floorboards, and a central bathroom with a separate toilet. The third bedroom and second living area are comfortably carpeted, offering added warmth and flexibility. Outside, a level backyard provides a pleasant outdoor setting, complete with a garden shed for additional storage. Currently tenanted (approx $2,000 pcm), the property delivers immediate rental income for investors, while offering the flexibility to renovate, redevelop, or landbank for the future in this highly sought-after beachside location. PLEASE NOTE: Some images used in this advertisement were taken prior to the current tenancy to protect tenant privacy. While every care has been taken in preparing this information, it is provided as a guide only. Interested parties should refer to the appropriate legal documentation and conduct their own inspections and due diligence.

Features

3 bedrooms
1 bathroom
2 carspaces
2 carport spaces
110 m² floor area
689 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Capel Sound over the last 12 months, the estimated median property value of 12 Elizabeth Ave is $748.5k.

Median value
$748.5k
Estimated value range
$528.5k - $1.21m
Median days on market
30
Estimated value trend
5%
increase 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.

Property history for 12 Elizabeth Ave

2026
Sold
$725,000
15 Mar 2026 by Cameron Gulliford, of RT Edgar Rye
2019
Rented
Undisclosed
Leased on 04 Jun 2019 by RT Edgar Rye

Happy sellers in Capel Sound

90%
90% of sellers in Capel Sound reported that their sale price either exceeded or met their price expectations.

Capel Sound stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 21 reviews in Capel Sound over the last 12 months.

Local market activity for 3 bedroom houses in Capel Sound

In the last 12 months, 60 three-bedroom houses similar to 12 Elizabeth Ave, have been sold.

This represents a 22% increase in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Capel Sound

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Shane Fox

Sellers who recommend Shane Fox have praised them for being clear communication, local expert, honest, responsive, reliable, supportive and friendly

  •   4.9   (602 reviews)
  •  19 Reviews in Capel Sound
  •  22 Sales in Capel Sound
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Thomas Solunto

Thomas Solunto is a recommended agent for Capel Sound.  They have 6 local sales and collected 3 local reviews across the last 12 months.

  •   4.9   (34 reviews)
  •  3 Reviews in Capel Sound
  •  6 Sales in Capel Sound
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Jason Dowler

Sellers who recommend Jason Dowler have praised them for being clear communication, local expert, responsive, reliable, friendly, supportive and honest

  •   4.9   (475 reviews)
  •  2 Reviews in Capel Sound
  •  2 Sales in Capel Sound
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Brad Boyd

Sellers who recommend Brad Boyd have praised them for being clear communication, local expert, honest, responsive, reliable, supportive and pleasant

  •   4.8   (100 reviews)
  •  2 Reviews in Capel Sound
  •  3 Sales in Capel Sound
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