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VIC › Sorrento › Sullivan St

10 Sullivan St, Sorrento VIC 3943

For saleHouse for Sale

$4,150,000

For sale

Asking

5

Bedrooms

3

Bathrooms

2

Car spaces

696 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $4,150,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $4,150,000(Listing record · 27 Mar 2026)
  • FactLand 696 m²; no building size recorded.(Property record)
  • CalculationAsk is 183% above the Sorrento median recorded sale ($1,467,500, n=8, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Sorrento's advertised median rent ($573/wk), implied gross yield would be 0.72% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$4,150,000

Asking · $5,963/m² of land

No recorded sale for this property.

Sorrento at a glance

2,688

People

$1,467,500

Median sale

$573/wk

Median rent

2.03%

Suburb gross yield

Median sale from 8 recorded sales (last 12 months) — a Districts calculation.

See the full Sorrento report →

Vs Sorrento

+182.8%

Median sale

Suburb $1,467,500

-1.31 pp

Gross yield

Suburb 2.03%

Suburb median $1,467,500 from 8 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$4,150,000
Stamp Duty (Victoria)
$249,750
Transfer/Registration Fee
$3,614
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$4,407,064

$257,064 on top of the price (6.2% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Sorrento's advertised median rent — not a rent for this listing.

Net yield
-0.78%
Annual cashflow (pre-tax)
$-248,254
Interest cover (DSCR)
-0.15
Annual rent
$29,796
Operating expenses
$62,250
Loan amount
$3,320,000
Annual interest
$215,800
Gross yield
0.72%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$4,150,000available27 Mar 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $573/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 0.7%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Sorrento in one glance

Sorrento at a glance

2,688

People

$1,467,500

Median sale

$573/wk

Median rent

2.03%

Suburb gross yield

Median sale from 8 recorded sales (last 12 months) — a Districts calculation.

See the full Sorrento report →

Keep researching

  • Why Sorrento? Read the area thesis →
  • What else is on the market in Sorrento →
  • Other records on Sullivan St →

Listing material

Listed by Peninsula Sotheby's International Realty Sorrento

Quintessential Sorrento Beach Charm

Tucked away in a tightly held cul-de-sac, where birdsong and the sound of distant waves set the tone, this architecturally designed residence by Nicholas Hardy Architects and masterfully built by Magnus Construction captures a refined Sorrento lifestyle, just moments from the village and close to the National Park.

Defined by its timeless aesthetic and exceptional craftsmanship, the home reveals a series of light filled interiors where vaulted ceilings, soft neutral tones and layered textures create an atmosphere of understated luxury. Thoughtfully designed for both relaxed living and sophisticated entertaining, the floorplan unfolds across two generous living zones, seamlessly connecting indoors and out.

At the heart of the home, a bespoke kitchen of striking detail features Neolith stone benchtops, premium appliances and handcrafted Moroccan mosaic tiles, complemented by a walk-through butler’s pantry. This central space flows naturally to the dining and living areas, where a fireplace anchors the main living room beneath a vaulted ceiling. The living zone extends to an elevated deck, complimented by an external feature wall finished in Alpine stack stone, overlooking the landscaped gardens and providing a beautiful setting for sunset drinks from the bar.

Read the full description

The alfresco domain continues the home’s seamless indoor-outdoor connection from the dining area. Extensive decking enhances the outdoor experience, while an outdoor kitchen, complete with built-in BBQ and pizza oven, is complemented by automated louvred roofing, allowing for year-round entertaining in absolute comfort.

Accommodation is generous and thoughtfully zoned, offering five well-appointed bedrooms, including a luxurious primary retreat complete with a walk-in robe and elegant ensuite. A versatile lower-level living area provides excellent flexibility for families and guests, featuring a cosy fireplace and concealed kitchenette, and extends to a landscaped front garden set behind secure fencing with remote-controlled gates. Throughout, a refined selection of high-end inclusions, including integrated sound, bespoke joinery and full home automation, elevates the living experience.

Meticulously maintained and presented in as-new condition, this exceptional residence captures the essence of quintessential Sorrento living, private, polished and effortlessly connected to its natural surroundings

Proudly marketed by the team at Peninsula Sotheby's International Realty.

Listing description written by Danielle Vains, Peninsula Sotheby's International Realty Sorrento — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.