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About this property
A sparkling opportunity for those ready to embrace their next chapter in life, this established two-bedroom home in the Pelican Shores Estate offers a relaxed, low-maintenance lifestyle with a genuine sense of community. This is downsizing without the dull bits a deceptively spacious and immaculately maintained two-bedroom home in a vibrant over-50s lifestyle village just moments from the stunning Corio Bay in Leopold. Pelican Shores is situated peacefully in a very quiet pocket of Leopold, metres from the boat ramp and boardwalk looking out over Corio Bay. The location is magic, and the home is impressive. The clever layout is surprisingly spacious, with soaring ceilings and solid timber floors throughout the open-plan kitchen, dining and living zone. Tinted windows and protective all-weather blinds keep things cosy in winter and cool in summer, while the reverse-cycle air conditioning does the rest. A well-equipped kitchen with near-new appliances and loads of storage makes entertaining easy, and there's plenty of space to host guests whether it's in the second bedroom or out on the paved alfresco with café blinds. The generous master bedroom enjoys direct access to the Jack-and-Jill bathroom with practical wide spaces for accessibility and a separate, second toilet. The Euro-style laundry and fully enclosed carport are better-than-expected inclusions. And the village lifestyle? It's next level. For active types, there's a swimming pool, bowling green, gym and dog park, and for comfort dwellers, there's a communal lounge with billiard room, theatre and fully equipped kitchen, meaning there's always something happening and someone to enjoy it with. Immaculately maintained and ready to move straight in, this is an unbeatable opportunity to downsize in style, without compromising on space, community or lifestyle. With benefits such as affordable prices due to residential site agreements, no stamp duty or rates, plus exclusive rights to the village's facilities and services, this home is secure, social, and perfectly placed by the water it's time to live the good life. At Pelican Shores Estate, there are no stamp duty payments, no exit fees, and no council rates. Current pension holders may also be eligible for rent assistance (individual concessions apply). 2024 Utilities Breakdown Water: $285 with claim back of $135 = $150 Electricity & Gas (combined): $1749 with claim back of $458 + $1,291 Total Utilities Savings for 2024 = $593 Demonstrating exceptional capital growth, this property has increased from its 2022 purchase price of $355,000 to a 2025 asking price of $480,000, representing an approximate 35.2% uplift in the market. Rental estimation is $500 per week, giving the investor a 5.4% return on a $480,000 purchase.
Property Details
- Property Type
- house
- Listing Type
- Sold
- Bedrooms
- 2
- Bathrooms
- 1
- Parking
- 2
- Listed
- 3 months ago
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Neighbourhood
Living in Leopold
This 2-bedroom house in Leopold, VIC 3224 sits within reach of public transport, local shops and nearby schools.
Schools near Leopold
- Leopold Primary Schoolprimary · Prep-6 · CoEd
What's nearby
- Leopold Sports Club/Kensington Road (bus) — 2.1 km away
- Kmart — 2.8 km away
- Rebecca Reserve — 2.3 km away
- Railway Reserve — 2.5 km away
- Paech Park — 2.6 km away
Leopold at a glance
Full suburb profile- Population
- 13,272
- Median age
- 41
- Household income
- $1,589/wk
- Median rent
- $375/wk
- Median mortgage
- $1,603/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Leopold price trend
Median sold · House 2 bed
Compound growth +0.5% / yr over 4 yrs
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Full Leopold marketThis listing
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Price history
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