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19 Padbury Circle, Sorrento WA 6020

From $2.5m

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$2.5M - $2.75M High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 3 Cars 1189 m²

Listed: 23 days ago

Updated: yesterday

Overview

Situated in one of Sorrento's most coveted coastal enclaves, 19 Padbury Circle offers a prime opportunity on a substantial 1,189 square meter block. This property presents significant potential for developers, builders, and investors seeking an investment or development site close to the vibrant coastal amenities.

The existing residence provides flexibility as a holding option while future development plans are considered. Its location near the coastline, Hillarys Boat Harbour, parks, schools, and shopping precincts enhances its appeal, making it well-positioned to benefit from the sustained demand for quality housing in this prestigious suburb.

This substantial landholding invites exploration into subdivision and redevelopment possibilities, subject to planning approvals, offering a rare chance in an established and highly sought after community. The property is ideal for those looking to capitalize on coastal living, and its scale and location promise diverse opportunities for redevelopment or land banking.

Generous 1,189 sqm block with outstanding development prospects.
Premium Sorrento location close to beaches and local amenities.
Flexibility of existing home use during future planning phases.
Potential for subdivision and redevelopment aligned with planning regulations.
Suited to developers, builders, investors, or land bankers targeting coastal properties.

Prospective buyers are encouraged to undertake their own due diligence with respect to planning and development approvals. Overall, this property represents a rare and strategic acquisition opportunity in a coveted coastal setting.

Local Market Insights

In Sorrento, Quiet Listings observed 25 new houses entering the market over the last 30 days, down from 29 during the previous 30-day period, with an average advertised asking price of $2,226,000. The property type mix of listed properties is predominantly Houses at 79%, followed by land (6%), and villas (6%). The most active agency for houses in the Sorrento area is currently Haiven Property, representing 28% of new listings, followed by Ray White with 24%. 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.