1/587 Cape Paterson Road, Cape Paterson, VIC 3995 | Property Value & History | OnTheHouse
OFF MARKET

1/587 Cape Paterson Road
Cape Paterson VIC 3995

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 123m2
Land area: 308m2
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Property Details for 1/587 Cape Paterson Rd, Cape Paterson

1/587 Cape Paterson Rd, Cape Paterson is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1980. The property has a land size of 308m2 and floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in October 2019.

Building Type
Unit
Year Built
1980
Floor Size
123m2
Land Size
308m2
Local Government
Bass Coast
Lot/Plan
1/PS648346

Last Listing description (August 2025)

Introducing a splendid rental opportunity with this modern two-bedroom, two-bathroom unit at 1/587 Cape Paterson Road. Nestled in the idyllic seaside locale of Cape Paterson, VIC, 3995, this property is perfect for those who seek a tranquil lifestyle steps from the beach.

As you enter this contemporary abode, you'll be greeted by an open-plan living area that effortlessly blends comfort with style. The kitchen, equipped with gas cooking, is designed for culinary enthusiasts, while the large deck presents an inviting space for alfresco dining or simply soaking up the coastal ambiance.

Each bedroom is thoughtfully designed with comfort in mind, with the master boasting an en-suite and the second bedroom featuring a ceiling fan. The split system ensures year-round climate control, adding to the property's appeal.

With two dedicated parking spaces, you'll have no trouble coming and going from this coastal haven. Whether you're a professional or small family, this unit offers a serene retreat with all the modern conveniences you could wish for. Welcome home to beachside living at its finest!

Property History for 1/587 Cape Paterson Rd, Cape Paterson, VIC 3995

A timeline of how this property has performed in the market
Last Sold
$392,000
28 Oct 2019
Listed for Rent
19 Jul 2024
  • 25 Jul 2025
    Listed for Rent $450 / week
  • 12 Apr 2024
    Listed for Rent $450 / week
  • 28 Oct 2019
    Sold for $392,000
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About Cape Paterson 3995

The size of Cape Paterson is approximately 16.1 square kilometres. It has 1 park covering nearly 0.9% of total area. The population of Cape Paterson in 2016 was 891 people. By 2021 the population was 1111 showing a population growth of 24.7% in the area during that time. The predominant age group in Cape Paterson is 60-69 years. Households in Cape Paterson are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cape Paterson work in a professional occupation.In 2021, 77.70% of the homes in Cape Paterson were owner-occupied compared with 68.60% in 2016.

Cape Paterson has 1,507 properties. Over the last 5 years, Houses in Cape Paterson have seen a 30.71% increase in median value, while Units have seen a 35.59% increase. As at 31 October 2025:

  • The median value for Houses in Cape Paterson is $723,463 while the median value for Units is $597,967.
  • Houses have a median rent of $465 while Units have a median rent of $305.
There are currently 44 properties listed for sale, and 1 property listed for rent in Cape paterson on OnTheHouse. According to Cotality's data, 45 properties were sold in the past 12 months in Cape paterson.

Suburb Insights for Cape Paterson 3995

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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.