A compelling opportunity to secure a 661sqm (approx.) north-facing development site just five streets from the Capel Sound foreshore, offering strong yield potential, low delivery risk and an accelerated path to market in a proven Mornington Peninsula growth location.
From a construction perspective, this is a clean, efficient site: level land, minimal constraints and a practical rectangular allotment designed to maximise site utilisation and cost-effective build outcomes.
Endorsed plans are approved and included for two dwellings, allowing builders and developers to move quickly, lock in feasibility and capitalise on sustained buyer demand (S.T.C.A.).
The approved plans comprise:
• One four-bedroom residence
• One three-bedroom residence with provision for a fourth bedroom
• Both dwellings include double garages
This is a rare opportunity to acquire a ready-to-go beachside development site with clear planning approval in place, reducing holding costs and providing confidence from day one.
Builder & Developer Highlights:
• Land area: 661sqm (approx.)
• Zoning: Residential
• Aspect: North-facing rear - optimised daylight, energy efficiency and market appeal
• Planning: Endorsed / approved plans included at settlement
• Constraints: Minimal overlays and service impacts
• Delivery profile: Streamlined construction, reduced preliminaries and holding costs
Market & Demand Fundamentals:
Capel Sound continues to demonstrate deep and consistent demand for medium-density coastal product, driven by downsizers, lifestyle buyers and Melbourne-based purchasers seeking low-maintenance, lock-and-leave living near the beach.
Comparable new townhouse developments in the area have recorded strong absorption rates and reliable resale performance, supporting confidence across feasibility, valuation and exit strategy.
Location Advantages:
• Five streets from the Capel Sound foreshore
• Walkable access to cafés, shops and daily amenities
• Direct connection to Rosebud Activity Centre and Peninsula Link
• Established rental market supporting pre-sales and valuation certainty
Proven Lifestyle Drivers:
• Multiple championship golf courses nearby, including Rosebud Country Club
• Peninsula Hot Springs and Alba Thermal Springs minutes away
• Year-round tourism and lifestyle appeal enhancing resale liquidity
Surrounding Amenity:
• Minutes to Rosebud Plaza, supermarkets and specialty retail
• Close to McCrae Village café and dining precinct
• Easy access to Sorrento, Blairgowrie and Portsea villages
• Short drive to Flinders, Merricks, Red Hill and Main Ridge wineries
• Proximity to Rosebud Hospital, schools, medical centres and sporting facilities
• Ideal for sailing, kayaking, paddleboarding and fishing
• Gateway to Peninsula beaches, trails and nature reserves
• Direct access to Mornington Peninsula Freeway - approx. 60 minutes to Melbourne CBD
