Back 8 Morotai St
Off Market

8 Morotai St

Sorrento VIC 3943

4
1
2
697 m²
House
Last sold for $850,000
Josh CallaghanJosh Callaghan, last sold this property on 28 May 2019 after 49 days on market.

Overview

A SORRENTO CLASSIC, 300 METRES TO THE BEACH. RENOVATE OR REDEVELOP!

This original Sorrento classic is positioned on a mostly level 697sqm (approx.) allotment, 300 metres walk to Cameron's Bight Beach and the idyllic picturesque trails towards Sullivan's Bay or Blairgowrie foreshore and beyond. The main dwelling features a floor plan which shouts simplicity; three bedrooms, kitchen, and lounge with timber panelling and a cozy fireplace offering warmth and character. Bathroom facilities are in a separate outbuilding and a large grassy backyard with northern orientation features an inbuilt bbq. At the rear self-contained bungalow offers a further bedroom and living area. The property also includes a carport, lock up shed and separate outhouse. Some call homes like this one 'diamonds in the rough'. It could be your job to polish it, but with plenty of scope for extension or to begin a new build, the rewards would be tremendous. Tightly held for decades, this is an exceptional opportunity to invest in your own slice of a blue-chip location which is always in demand and boasts outstanding capital gain over time. Features: Land size - approx. 697sqm 350m to Cameron's Bight Beach Three bedroom home with rear bungalow offering another bedroom and living area Opportunity to renovate, extend or redevelop in highly sought-after blue-chip location

Features

4 bedrooms
1 bathroom
2 carspaces
697 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Sorrento over the last 12 months, the estimated median property value of 8 Morotai St is $1.84m.

Median value
$1.84m
Estimated value range
$1.42m - $3.3m
Median days on market
52
Estimated value trend
-14%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Sorrento. 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 8 Morotai St

2019
Sold
$850,000
Private Sale/Treaty on 28 May 2019 by Josh Callaghan, of Fletchers Mornington Peninsula

Happy sellers in Sorrento

88%
88% of sellers in Sorrento reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 5 reviews in Sorrento over the last 12 months.

Local market activity for 4 bedroom houses in Sorrento

In the last 12 months, 31 four-bedroom houses similar to 8 Morotai St, have been sold.

This represents a 35% increase in four-bedroom houses sales when compared to the previous 12 months.

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