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Back 5/1485 Point Nepean Road
Off Market

5/1485 Point Nepean Road

Rosebud VIC 3939

3
2
1
220 m²
Apartment
Last sold for $757,500
Joe FalzonJoe Falzon, last sold this property on 27 October 2025 after 41 days on market.

Overview

A Rare Dual-Income Coastal Sanctuary with a 5% Return

An unparalleled opportunity awaits with this fully renovated coastal haven, offering not one but two beautifully appointed residences on a sun-soaked 219sqm (approx.) block - just metres from the sparkling waters of Port Phillip Bay. Beyond its striking façade, the main two-bedroom residence, 'Casa Grandi' exudes modern sophistication. A sunlit open-plan living, dining and kitchen zone is framed by sheer curtains and timber floors, while the sleek kitchen boasts rich walnut-toned joinery, a deep green feature splash back, stone benchtops and quality appliances. The designer bathroom dazzles with its terrazzo-style flooring, emerald tiling and walk-in rainfall shower a spa-like retreat after days by the bay. Privately set to the rear, the self-contained bungalow, 'Piccolo', offers supreme versatility as a rental, guest retreat or work-from-home studio - elevating the combined income potential to approximately $810 per week and delivering an impressive 5% rental return, a rarity in today's residential property market. Outdoor spaces have been designed for relaxed coastal living, with landscaped native gardens, an outdoor shower, built-in timber seating, and a secure single garage with integrated laundry. Low body corporate fees ensure effortless ownership and outstanding returns. Moments from Hobson Café, Rosebud Plaza, Rosebud Hospital and the beach, this property presents a rare chance to secure a high-yield investment or stylish dual-living base in one of the Peninsula's most coveted pockets. With all the hard work done, simply move in, lease out, and reap the rewards. Opportunities of this caliber are once-in-a-blue-moon don't miss it.

Features

3 bedrooms
2 bathrooms
1 carspace
220 m² lot size
Apartment

Estimated Value

We need at least 3 similar 3 bedroom apartments sold in Rosebud over the last 12 months.

Property history for 5/1485 Point Nepean Road

2025
Sold
$757,500
Private Sale/Treaty on 27 Oct 2025 by Joe Falzon, of Stockdale & Leggo Dromana | Rosebud
2025
Rented
Undisclosed
Leased on 01 Jun 2025 by Stockdale & Leggo Rye
2024
Rented
Undisclosed
Leased on 11 Mar 2024 by Stockdale & Leggo Rye

Happy sellers in Rosebud

83%
83% of sellers in Rosebud reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 36 reviews in Rosebud over the last 12 months.

Local market activity for 3 bedroom apartments in Rosebud

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