12 Rae StreetCapel Sound VIC 3940
Property Details for 12 Rae St, Capel Sound
12 Rae St, Capel Sound is a 2 bedroom, 2 bathroom House with 5 parking spaces. The property has a land size of 571m2 and floor size of 111m2. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 2 bedroom House sold in Capel Sound in the last 12 months.
Last Listing description (February 2026)
Rare Investment or Development Prospect – Walk to Beach, Shops & Services
What a great opportunity to purchase a prime piece of real estate in the heart of Capel Sound! This property boasts a coveted corner site with significant development potential (STCA), making it an ideal pick for savvy investors, developers, or home buyers looking to secure a foothold in this sought-after pocket.
Perfectly positioned within an easy stroll to Rosebud Hospital and health services, Capel Sound Beach, Rosebud Plaza, and Rosebud College, you’ll have everything you need right at your doorstep. This address would make an exceptional addition to anyone’s property portfolio.
The existing 2-bedroom dwelling is in its original condition and offers a spacious open-plan living area fitted with gas heating, an original kitchen featuring gas cooking, and a central bathroom. There’s also a separate toilet, a second family living or games room, a second toilet, and a separate laundry with additional bathroom facilities—plenty of space and flexibility for families or tenants.
Outside, enjoy the convenience of a double carport and a single lock-up garage, all set on a low-maintenance, flat 571 sqm corner block. The property offers great scope for future enhancements or redevelopment, subject to council approval.
Currently, the home is tenanted at $400.00 per week on a month-to-month basis, with reliable tenants keen to remain should the purchaser prefer to keep them on, ensuring instant rental income from day one.
Capel Sound is less than an hour from the Melbourne CBD via the toll-free Peninsula Link, and it’s surrounded by world-class wineries, top-notch golf courses, and pristine beaches. Opportunities like this are snapped up quickly, so make sure this property is at the top of your inspection list. Call now—this could be the best decision you make this year!
Please Note: Every reasonable effort has been made to ensure the information in this advertisement is current; however, Basso Real Estate does not warrant the accuracy or completeness of the information and excludes all liability for any loss or damage arising in connection with the data and information contained herein, to the full extent permitted by law. We always recommend that buyers obtain both a building and pest inspection report prior to making an offer to purchase.
For privacy reasons, the photos used in this advert were taken in 2020, just before the current tenants moved in.
Property History for 12 Rae St, Capel Sound, VIC 3940
- 17 Feb 2026Sold for $650,000
- 24 Feb 2023Listed for Sale $680,000 - $740,000
- 26 Oct 2020Listed for Rent - Price not available
Recent sales nearby
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0About 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 10.55% increase in median value, while Units have seen a 23.53% increase. As at 31 March 2026:
- The median value for Houses in Capel Sound is $785,550 while the median value for Units is $678,987.
- Houses have a median rent of $553 while Units have a median rent of $535.
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