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Overview
This one-bedroom unit located in the secure Oceanic Apartment complex offers a remarkable blend of serene coastal lifestyle and excellent investment opportunity. Positioned just a short walk from the beautiful Sorrento Ocean Beach and the vibrant Sorrento Village with its boutique shops and cafes, this north-facing residence enjoys a bright, beach-inspired ambience throughout.
The apartment features an open plan design that seamlessly connects the living spaces to both front and rear courtyards, creating a versatile indoor-outdoor living environment. Residents also have access to a communal courtyard complete with BBQ facilities, fostering a sense of community and providing ideal spots for gatherings and relaxation.
The interior includes a cosy living area equipped with a built-in desk and a designated dining space, complemented by a compact, modern kitchen well-suited for convenient meal preparation. The bathroom is fitted with a shower over a bath, combining practicality with comfort. Upstairs, the spacious bedroom offers enough room to accommodate a king and a single bed, complete with the setup for a wall-mounted flat screen television, allowing for entertainment and leisure.
Additional comforts include split-system heating and air conditioning for year-round climate control, a lock-up owner’s storage cupboard for added convenience, and an allocated parking space ensuring ease of access. The property benefits from a 300-year lease expiring in 2304, offering long-term security for owners.
Low body corporate fees cover essentials such as Wi-Fi, water rates, and land taxes, enhancing the value proposition for both owner-occupiers and investors. The apartment’s location offers immediate access to natural attractions, with rock pools just 200 metres away and the pristine bay beach reachable within a 12-minute stroll. This allows residents to enjoy the quintessential coastal lifestyle without reliance on a vehicle.
An excellent potential income source exists through the short-stay holiday rental market, with returns for other units within the complex surpassing $60,000 per year. This property is therefore highly attractive for those seeking a rewarding holiday retreat as well as a profitable investment.
In summary, this move-in ready, fully furnished beachside apartment perfectly combines the appeal of coastal living with strong rental potential and low maintenance convenience. It is ideally suited to weekend getaways, permanent residence, or as part of a diversified investment portfolio on Victoria’s picturesque Mornington Peninsula.
Local Market Insights
In Mornington Peninsula, Quiet Listings observed 119 new units entering the market over the last 30 days, up from 50 during the previous 30-day period, with an average advertised asking price of $607,252. The property type mix of listed properties is predominantly Houses at 71%, followed by units (11%), and land (7%). OBrien Real Estate was the most active agency in this area, representing 11.4% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Sorrento VIC 3943
Market Insights for Sorrento VIC 3943
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
