How Much is My Home Worth in Sorrento?
As of March 27, 2020, the median price for a house in Sorrento has risen $1,420,000. In this calendar year so far 104 homes have been sold. The average annual capital growth for houses is 8.78%. The 12-month capital growth is 6.55% for houses. The DSR or Demand to Supply Ratio rating has houses as above average. Sellers are generally getting the advertised price of the property. There are slightly more buyers than sellers making this region attractive to investors. As an investment expect the capital growth to trend ahead of the national average.
House prices and rent returns in Sorrento.
- 3 bedroom home $1,195,000 Rent per week $500
- 4 bedroom home $1,505,000 Rent per week $575
The gross rental yield for houses in Sorrento is 1.95%. It takes 105 days to sell a house.
Free Real Estate Appraisal Sorrento
Are you wanting to sell your house in Sorrento? Or, maybe you want to know the current market value of your property? Our property managers are free to discuss these questions and will give you a free appraisal. We know the region well and have sold multiple properties in the area. Typically the value of a home is based on current sales history, location to amenities, schools and shops. We discuss with the owner how we measure our appraisals. We have a large database of potential buyers wanting to live in or invest in Sorrento. This will give maximum return on the sale.
Free Rental Appraisal Sorrento
Thinking of renting out your existing house? Or, do you own an investment property you want to lease? We are experts in property management. Collectively our group agency manages over 3600 properties. Communication with the landlord and tenant is our key to success. This is the balance we strive for whereby owner and resident are both happy with their rental arrangement. We have a large database of potential tenants keen to rent in the Mornington Peninsula region. We office the full suite of property management services from placement, rental collection, maintenance and full tax accounting documents.
Property Valuation Sorrento
Did you know there is a difference between a property valuation and an appraisal? If, for legal reasons you require a valuation then you have to engage the services of a registered valuer. This service will come with a fee. An appraisal can be performed by any licensed real estate agent.
Recent Sold Homes in Sorrento
View our list of recently sold homes in Sorrento. Our database of sales shows houses and units sold in the past year.
Lifestyle in Sorrento
Sorrento is an upper class seaside township nestled between Portsea and Blairgowrie on the Mornington Peninsula. In the off season this is a relaxed and quiet town. Several times a day the Sorrento to Queenslcliff ferry makes its passage. The ferry also carries motor vehicles. There are many fine dining establishments including the famous Sorrento Hotel.
Schools in Sorrento
There are 2 schools in Sorrento.
- Sorrento Primary School Co-educational
- St Joseph’s School Co-educational