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4/234-238 Ocean Beach Road, Sorrento VIC 3943

NEW PRICE $595,000 - $650,000

Search Band Search Visibility Band

$550k - $600k High Confidence Calculated based on strong search observations.

House 1 Bed 1 Bath 1 Car 55 m² 53 m²

Listed: 15 days ago

Updated: 5 days ago

Overview

Positioned just a short walk from the pristine shores of Sorrento Ocean Beach and the vibrant local cafes and boutiques of Sorrento Village, this coastal retreat promises a blend of tranquil lifestyle and strong investment potential. Nestled securely within the Oceanic Apartments complex, the property benefits from a serene rear deck that overlooks the ocean reserve, enhancing its relaxed beachside atmosphere.

The apartment’s open-plan design seamlessly integrates indoor and outdoor living spaces, with a sunny courtyard framing the front aspect. Ideal as a weekend getaway or a rental opportunity, the unit’s layout maximizes comfort and functionality. The downstairs living and dining area is intimate yet inviting, complemented by a thoughtfully designed kitchenette featuring modern appliances such as a microwave, dishwasher, and granite benchtop.

Upstairs, a loft-style bedroom offers generous space for varied sleeping arrangements, making it adaptable for diverse occupants. Comfort year-round is assured with split-system heating and air conditioning, alongside a feature flame-effect electric fire, which adds a cozy focal point to the living space. Parking convenience is provided with an allocated space.

Available on a rare 300-year lease expiring in 2304, this property comes with low body corporate fees that comprehensively cover essentials including Wi-Fi, water rates, and land taxes, delivering excellent value and ease of upkeep. With the current owners successfully leveraging the strong demand in the holiday rental market, this apartment stands as a smart choice for investors seeking steady returns or buyers desiring a peaceful coastal lifestyle.

Exceptional coastal location within walking distance to beach and village amenities
Secure complex with ocean reserve views and relaxed ambience
Efficient open-plan living complemented by private courtyard
Modern kitchen appliances and quality finishes
Spacious loft bedroom adaptable for various needs
Year-round comfort with split-system heating and air conditioning
Allocated parking space enhances convenience
Long leasehold tenure with low body corporate fees covering key services

This property will suit those looking for a stylish, low-maintenance beachside home or a lucrative lifestyle investment in the popular Mornington Peninsula area.

Local Market Insights

In Sorrento, Quiet Listings observed 16 new houses entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $2,505,320. The property type mix of listed properties is predominantly Houses at 89%, followed by apartments (11%). The most active agency for houses in the Sorrento area is currently Jellis Craig, representing 38% of new listings, followed by Sotheby's International Realty with 19%. 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.