How many townhouses/apartments can you put on 1891sqm (STCA)?
One house back from the foreshore, virtually on the beach, and occupying an impressive 1891sqm, this supersized vacant allotment is an exceptional offering and a unique opportunity in today's market.
Just metres from Capel Sound Beach, vibrant restaurant strips and moments from Rosebud's retail/commercial hub, the prime seaside residential development site is a once-in-a-lifetime opportunity.
Presenting the perfect foundation to build your coastal legacy and in close proximity to every coastal amenity imaginable, the blue-chip Capel Sound site will generate strong interest from a range of buyers.
For sale in its own right and spanning 1891sqm, when combined with the sale next door (8 Mirriam Avenue on 1451sqm) that adds up to 3342sqm across two titles that can be purchased together.
Luxurious townhouses, ultra-modern apartments with potential ocean views in a high demand coastal locale - the possibilities at 2-4 Mirriam Avenue are endless.
Opportunity knocks.
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 4,297 properties. Over the last 5 years, Houses in Capel Sound have seen a 18.51% increase in median value, while Units have seen a 25.64% increase. As at 31 January 2026:
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