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Back 12 Rae Street
Off Market

12 Rae Street

Capel Sound VIC 3940

2
2
5
111 m²
571 m²
House
Last sold for $650,000
Ryan DeutromRyan Deutrom, last sold this property on 17 February 2026 after 1089 days on market.

Overview

Prime Corner Opportunity in the Heart of Capel Sound

Rare Investment or Development Prospect Walk to Beach, Shops & Services What a great opportunity to purchase a prime piece of real estate in the heart of Capel Sound! This property boasts a coveted corner site with significant development potential (STCA), making it an ideal pick for savvy investors, developers, or home buyers looking to secure a foothold in this sought-after pocket. Perfectly positioned within an easy stroll to Rosebud Hospital and health services, Capel Sound Beach, Rosebud Plaza, and Rosebud College, you'll have everything you need right at your doorstep. This address would make an exceptional addition to anyone's property portfolio. The existing 2-bedroom dwelling is in its original condition and offers a spacious open-plan living area fitted with gas heating, an original kitchen featuring gas cooking, and a central bathroom. There's also a separate toilet, a second family living or games room, a second toilet, and a separate laundry with additional bathroom facilitiesplenty of space and flexibility for families or tenants. Outside, enjoy the convenience of a double carport and a single lock-up garage, all set on a low-maintenance, flat 571 sqm corner block. The property offers great scope for future enhancements or redevelopment, subject to council approval. Currently, the home is tenanted at $400.00 per week on a month-to-month basis, with reliable tenants keen to remain should the purchaser prefer to keep them on, ensuring instant rental income from day one. Capel Sound is less than an hour from the Melbourne CBD via the toll-free Peninsula Link, and it's surrounded by world-class wineries, top-notch golf courses, and pristine beaches. Opportunities like this are snapped up quickly, so make sure this property is at the top of your inspection list. Call nowthis could be the best decision you make this year! Please Note: Every reasonable effort has been made to ensure the information in this advertisement is current; however, Basso Real Estate does not warrant the accuracy or completeness of the information and excludes all liability for any loss or damage arising in connection with the data and information contained herein, to the full extent permitted by law. We always recommend that buyers obtain both a building and pest inspection report prior to making an offer to purchase. For privacy reasons, the photos used in this advert were taken in 2020, just before the current tenants moved in.

Features

2 bedrooms
2 bathrooms
5 carspaces
111 m² floor area
571 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Capel Sound over the last 12 months, the estimated median property value of 12 Rae Street is $650k.

Median value
$650k
Estimated value range
$470k - $1m
Median days on market
34
Estimated value trend
2%
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 Rae Street

2026
Sold
$650,000
Private Sale/Treaty on 17 Feb 2026 by Ryan Deutrom, of Basso Real Estate

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 2 bedroom houses in Capel Sound

In the last 12 months, 15 two-bedroom houses similar to 12 Rae Street, have been sold.

This represents a 24% increase in two-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   (601 reviews)
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  •  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)
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  •  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, friendly, reliable, supportive and honest

  •   4.9   (474 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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