42 First Settlement Drive, Sorrento VIC 3943
This property is Off Market
- The Average property price in this area is $1,863,303, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 0.83 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Point Nepean
With an average age of 65, households expect an average monthly mortgage payment of $2,234 or a weekly rent payment of $451. The average family earns a weekly income of $1,899 with a typical household size of 2 and a 99.45% employment rate.
Consistent high demand relative to supply is a key feature in Sorrento driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Sorrento due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Sorrento provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Sorrento necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Sorrento we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Sorrento a better buying opportunity than it may have been in the past.
Public Transport
Marshall
Port Phillip Ferries (Portarlington-Docklands)
Tyabb Station
Queenscliff - Sorrento Ferry
Bittern Station
South Geelong
Moorooduc
Mornington
Hastings
General Points of Interest
Rifle Range
Norris Barracks
25 Metre Range
Heaton's Monument
Lizard head
Sorrento Bowling Club
Harold Holt Memorial
The Dunes Golf Club
Limeburner's Kiln
Dragon's head rock
Population
(Country of Birth not stated 7%)
Are people healthy?
There are a recorded 2184 asthma sufferers and 975 people living with diabetes. In addition, 1430 people have a heart/vascular condition and 2438 people live with three or more chronic diseases.A good place to invest in property?
Point Nepean a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
41 / 100
52 / 100
Industry
15 / 100
17 / 100
Population
33 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
34 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsSorrento Primary School Rosebud Secondary College
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Tootgarook Primary School
Tootgarook, VIC, 3941 State Prep-6
Property Story
42 First Settlement Drive, Sorrento, Vic, 3943 is a residential property . The estimated distance to the sea is only 0.83km and 0.29KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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