1 Reef Street
Cape Paterson, 3995 VIC
1990 house on a 545 m² block with 33m frontage.
Property Snapshot
1990House3 Bed1 Bath2 Off Street545 m² Land149 m² Internal33m Frontage
Investment Highlights
What makes 1 Reef Street compelling from a buying and value-add perspective.
Market Status
Off Market
Land Size
545 m²
Frontage
33m
Zoning
GRZ1
Residential - Medium Density
Why Buyers Look At This One
Rare add-value profile — 1990 house on a 545 m² block and a 33m frontage.
Renovate upside — modest 149 m² internal area creates a clear renovation, extension or reconfiguration opportunity.
Walkable transport position — approx. 275m to bus, 36km to train station and 6.9km to schools.
Neighbourhood quality — strong owner occupier setting with low-turnover character housing nearby.
Property Snapshot
Core facts, planning controls and ownership history.
Bedrooms
3
Bathrooms
1
Parking
2 off-street
Internal Area
149 m²
Ownership & Value
Last Sold$880k
Sold DateApr 2026
Land Value—
RPD927\LP124785
Planning & Site
Property TypeResidential
AccessSingle Access
Height Limit—
Max Storeys—
Corner LotWide FrontageResidential
Pricing & Valuation
Guide, estimate and broader pricing context.
Price Estimate
$880k
VeryHigh Confidence
Suburb Median
$755k
House (3 Beds)
Tenure
0 Years
Since 2026
Capital Gain
—
Since 2026
Suburb Sale Price Median - House (3 Beds)
Rental Market
Yield, rental pricing and local leasing landscape.
Suburb Median
$480 Pw
House (3 Beds)
Rental Yield
3.3%
House (3 Beds)
Vacancy Rate
0.8%
House (3 Beds)
Rentals Last 12M
12
House (3 Beds)
Suburb Rental Price Median - House (3 Beds)
Planning & Risk Overlays
Important due diligence considerations for this property.
Flood Overlay Detected
No flooding known in this area
Other Overlays
Bushfire: BPA - Bushfire Prone Area. Heritage: No heritage known in this area. Biodiversity: No biodiversity known in this area.
Location & Connectivity
Access to transport, schools and local amenity around 1 Reef Street.
Train Station
36km
Bus Stop
275m
Schools
6.9km
Road Type
residential
Transport: Easy access to nearby train station and frequent bus routes.
Lifestyle: Walking distance to local shops, parks and nearby dining precincts.
Positioning: Quiet residential street with strong owner occupier presence and limited turnover.
Neighbourhood Profile
Proximity to amenities and local context impacting livability.
Social Housing
0.0%Train Station
36kmBus Stop
275mCentre Zone
7.4kmRoad Type
residential (Low Noise)School Catchment
6.9kmCape Paterson Snapshot
Broader suburb metrics that support the local story.
Population
1,111
Owner Occupiers
78%
Social Housing
0%
Crime Index
—
Not available
High Owner Occupier AppealLow Stock on MarketLow Vacancy
Explore Cape Paterson in more detail
Deep dive into growth, demand, demographics and comparable sales.
View Suburb Profile
