508-509 Nepean Highway, Bonbeach, VIC 3196 | Property Value & History | OnTheHouse
OFF MARKET

508-509 Nepean Highway
Bonbeach VIC 3196

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 650m2
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Property Details for 508-509 Nepean Hwy, Bonbeach

Building Type
Land
Land Size
650m2
Local Government
Kingston
Lot/Plan
1/TP579004

Last Listing description (July 2026)

A rare opportunity to secure a prime corner development site in one of Melbournes most sought-after Bayside locations.This outstanding property comes with approved plans and permits for five architecturally designed townhouses, offering a fully prepared, ready-to-build project with significant time and cost savings for developers and investors.All the hard work has been completed, with professional architectural design, high-quality renders, brochure, and full marketing collateral already prepared, allowing the project to be immediately launched to market for off-the-plan sales or commenced for construction.Key Highlights: Permit approved for 5 architecturally designed townhouses Complete project package including brochures, renders & marketing material Ready for immediate construction or project marketing Prominent corner site with outstanding exposure Three street frontages totalling over 73 metres Located within a highly desirable Bayside lifestyle precinctThis is a turn-key development opportunity, ideal for developers seeking a shovel-ready project with sales and marketing already prepared.We donate a portion of our fee from every property transaction to the Woodards Foundation to support people experiencing homelessness, family violence and social isolation.

Property History for 508-509 Nepean Hwy, Bonbeach, VIC 3196

A timeline of how this property has performed in the market
Last Sold
$1,856,800
07 Apr 2021
Listed for Rent
$575/w
05 Sep 2025
  • 17 Mar 2026
    Listed for Sale Contact Agents For Inspection
  • 31 Mar 2025
    Listed for Rent $30,000 / year
  • 07 Apr 2021
    Sold for $1,856,800
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About Bonbeach 3196

The size of Bonbeach is approximately 2.8 square kilometres. There are 8 parks, covering nearly 31.7% of the total area. The population of Bonbeach in 2016 was 6416 people. By 2021 the population was 6855 showing a population growth of 6.8% in the area during that time. The predominant age group in Bonbeach is 40-49 years. Households in Bonbeach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bonbeach work in a professional occupation.In 2021, 68.60% of the homes in Bonbeach were owner-occupied compared with 66.30% in 2016.

Bonbeach has 3,845 properties. Over the last 5 years, Houses in Bonbeach have seen a -0.13% decrease in median value, while Units have seen a 9.34% increase. As at 31 July 2026:

  • The median value for Houses in Bonbeach is $1,205,693 while the median value for Units is $760,323.
  • Houses have a median rent of $725 while Units have a median rent of $595.
There are currently 19 properties listed for sale, and 6 properties listed for rent in Bonbeach on OnTheHouse. According to Cotality's data, 172 properties were sold in the past 12 months in Bonbeach.

Suburb Insights for Bonbeach 3196

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality 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 Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.