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1707 Point Nepean Road, Capel Sound VIC 3940

$1,295,000

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$1.3M - $1.36M Transparent Transparent Listing Based on an openly advertised listing price.

House 6 Beds 3 Baths 1 Car 761 m²

Listed: 2nd Aug 2026

Updated: 7 days ago

Overview

This unique property offers a rare investment or development opportunity adjacent to the pristine white sands of Port Phillip Bay in Capel Sound. Comprising three individually leased units, positioned on a level 761 square meter block, it provides a consistent rental income of $55,704 annually. The diversity between the units is notable: two have recently undergone renovations, bringing modern touches and improved ambiance, while the third retains its character with a long-term tenant of over 18 years, reflective of the property's solid rental appeal.

The site’s flat terrain enhances its potential for redevelopment, subject to council approval, catering to visionary developers seeking a coveted location with immediate coastal access. Additionally, existing tenants offer a seamless income stream, ideal for investors looking for steady returns in a sought-after area.

Strategically located an hour from Melbourne’s CBD, the convenience is amplified by the toll-free Peninsula Link, providing hassle-free access to renowned wineries, golf courses, and beaches, enriching the lifestyle options available to residents and visitors alike.

This property stands out as a significant portfolio addition for developers and investors focusing on growth and lifestyle proximity, blending existing stable income with excellent scope for future enhancement in a prime coastal setting.

Local Market Insights

In Capel Sound, Quiet Listings observed 8 new houses entering the market over the last 30 days, unchanged from 8 in the prior period, with an average advertised asking price of $765,500. The property type mix of listed properties is predominantly Houses at 73%, followed by land (9%), and townhouses (9%). The most active agency for houses in the Capel Sound area is currently Woodards Real Estate, representing 63% of new listings, followed by Area Specialist with 13%. 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.