41A Bayview Road Tooradin VIC 3980

Bushfire overlay | Flood overlay | Subdividable 1046m² lot | High clearance carport This property carries real overlay risk that costs money and narrows buyer pools. The bushfire and flood overlays shift insurance stacks higher, mortgage serviceability down, and resale velocity lower – a 10–15% discount baked into the price for whoever buys. On the commercial side, the 1046m² lot sits well above minimum subdivision size, and the high clearance carport signals serious boat or van storage, a rarity at this coastal edge. Treated as a hold-and-use asset, not a liquid trade. What is competitively rare here is the combination of a large, flat coastal block with a properly renovated interior and none of the heritage or subdivision deed restrictions seen on nearby subdivided lots. Open-plan layout with oak hardwood and induction kitchen holds its resale appeal against newer stock, and the established rear garden with vegetable beds adds a liveability buffer most Tooradin offerings lack. This serves best for a buyer who values near-water living, space for a boat, and a low-maintenance updated home – and is prepared to sit through the overlay issues. The underwriters have already priced in the risk. Your next step is a full building and pest report plus an insurance estimate with the overlays declared – only then can you budget for what this house actually costs to own.