12 Elizabeth Avenue, Capel Sound, VIC 3940 | Property Value & History | OnTheHouse
FOR SALE

12 Elizabeth Avenue
Capel Sound VIC 3940

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 110m2
Land area: 689m2
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Property Details for 12 Elizabeth Ave, Capel Sound

12 Elizabeth Ave, Capel Sound is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 689m2 and floor size of 110m2.This Property is currently listed for sale with RT Edgar Rye

Building Type
House
Floor Size
110m2
Land Size
689m2
Local Government
Mornington Peninsula
Lot/Plan
2/LP62609

Last Listing description (January 2026)

Perfectly 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, 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.

Property History for 12 Elizabeth Ave, Capel Sound, VIC 3940

A timeline of how this property has performed in the market
Last Sold
$347,000
17 Sep 2013
Listed for Rent
$360/w
04 Jun 2019
  • 07 Jan 2026
    Listed for Sale $750,000 - $790,000 EOI Close 30/1/26
  • 20 May 2019
    Listed for Rent - Price not available
  • 11 Apr 2016
    Listed for Rent - Price not available
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About Capel Sound 3940

The size of Capel Sound is approximately 4.7 square kilometres. It has 9 parks covering nearly 20.5% of total area. The population of Capel Sound in 2016 was 4930 people. By 2021 the population was 5246 showing a population growth of 6.4% in the area during that time. The predominant age group in Capel Sound is 70-79 years. Households in Capel Sound are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Capel Sound work in a trades occupation.In 2021, 55.80% of the homes in Capel Sound were owner-occupied compared with 57.90% in 2016.

Capel Sound has 4,300 properties. Over the last 5 years, Houses in Capel Sound have seen a 25.22% increase in median value, while Units have seen a 31.39% increase. As at 31 December 2025:

  • The median value for Houses in Capel Sound is $777,099 while the median value for Units is $661,973.
  • Houses have a median rent of $550 while Units have a median rent of $520.
There are currently 35 properties listed for sale, and 10 properties listed for rent in Capel sound on OnTheHouse. According to Cotality's data, 159 properties were sold in the past 12 months in Capel sound.

Suburb Insights for Capel Sound 3940

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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.