Capel Sound at a glance
5,039
People
$712,500
Median sale
$533/wk
Median rent
3.89%
Suburb gross yield
Median sale from 50 recorded sales (last 12 months) — a Districts calculation.
VIC › Capel Sound › Elizabeth Ave
$725,000
Last sold
16 Mar 2026
3
Bedrooms
1
Bathrooms
2
Car spaces
689 m²
Land
110 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Last sold
$725,000
16 Mar 2026 · derived via latest_sale
Local land rate: recorded House sales in Capel Sound (last 5 years) with land size have a median of $1,137/m² of land (n=74). Districts calculation from recorded sales — not a valuation.
Capel Sound at a glance
5,039
People
$712,500
Median sale
$533/wk
Median rent
3.89%
Suburb gross yield
Median sale from 50 recorded sales (last 12 months) — a Districts calculation.
Vs Capel Sound
+1.8%
Median sale
Suburb $712,500
-0.07 pp
Gross yield
Suburb 3.89%
Suburb median $712,500 from 50 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
GENERAL RESIDENTIAL ZONE - SCHEDULE 1
GRZ1
Jurisdiction
Mornington Peninsula
Mornington Peninsula, VIC
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 692 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $533/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
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.”
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
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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 692 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumOfficial parcel about 692 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Capel Sound at a glance
5,039
People
$712,500
Median sale
$533/wk
Median rent
3.89%
Suburb gross yield
Median sale from 50 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by RT Edgar RyePerfectly located in a service road providing convenient access and just 150 metres from pristine bay beaches, this character-filled residence presents an exceptional opportunity for homeowners, investors, and developers alike. Positioned on a generous, flat allotment of approximately 690sqm, the property offers exciting potential for future subdivision (STCA). Further enhancing its appeal is the rare opportunity to also acquire the neighbouring property at No. 10, creating expanded scope for future development.
Neat, tidy, and well maintained, the home is just a two-minute stroll across the road to the beach and provides a convenient base from which to enjoy the many lifestyle activities the Mornington Peninsula is renowned for. The accommodation includes three bedrooms and a versatile second living area, complemented by ducted gas heating, split-system air conditioning, polished timber floorboards, and a central bathroom with a separate toilet. The third bedroom and second living area are comfortably carpeted, offering added warmth and flexibility.
Outside, a level backyard provides a pleasant outdoor setting, complete with a garden shed for additional storage.
Currently tenanted (approx $2,000 pcm), the property delivers immediate rental income for investors, while offering the flexibility to renovate, redevelop, or landbank for the future in this highly sought-after beachside location.
PLEASE NOTE: Some images used in this advertisement were taken prior to the current tenancy to protect tenant privacy. While every care has been taken in preparing this information, it is provided as a guide only. Interested parties should refer to the appropriate legal documentation and conduct their own inspections and due diligence.
Listing description written by Cameron Gulliford, RT Edgar Rye — reproduced as published, not verified by Districts.