This little section of Sorrento is going through some gentrification with large renovations and new builds. Early last year (albeit in a stronger market) 30 Lister was bought, renovated and flipped, within 12 months for $1.72M more than the 2017 purchase price. It was the same land size, however, 36 is a new house with more luxurious appointments and hard finishes. Statement of information shows $3.3M which would put it the most expensive house in the street, and probably deserved. Lots of value in the building however, and on a small parcel of land with distance to the village a bit far. This is a gem of a property though and leaves nothing wanting.
Michael Sier is a licensed Mornington Peninsula Buyers Advocate specialising in the family home and holiday house markets along the bay. Being a Peninsula local with a family of 3 children, he understands the needs of a growing family within the community. His close relationships with selling agents ensure he receives access to many homes off-market, as the more exclusive suburbs such as Mount Eliza, Mount Martha, Red Hill, Blairgowrie, Sorrento & Portsea are very tightly held. Having studied a Bachelor of Information Technology at Federation University, Michael also holds a full Victorian Estate Agent’s Licence and is an active property investor with 14 years in the real estate industry working alongside some of the most prominent buyer advocates in Australia.
It is a bitterly cold 3-degree morning as I write this update on the Mornington Peninsula property market for Winter 2019. Much like most of metropolitan Melbourne, the Peninsula property market has experienced decreased stock levels this winter which has translated to a lower number of sales and marginal price movements. Traditionally the winter months ...[read more]