50 Seaview Drive, Walkerville VIC 3956

Bushfire overlay confirmed | Two-bedroom house on 1167sqm | Four car spaces but coastal market cautious | Broad property data range indicates price discovery still underway The bushfire overlay is a material constraint that will increase insurance premiums and may limit future redevelopment or financing options, while the oversized lot at 11% site coverage offers expansion potential that is currently unutilised. The absence of flood and heritage overlays removes two common coastal risks, but the wide spread in valuation estimates suggests the market has not yet settled on a clearing price, making a negotiation advantage available to a prepared buyer. This property is best held as a long-term coastal retreat or gradually upgraded for rental yield rather than flipped for short-term gain. The rare combination of 1167sqm land with a compact footprint provides a blank canvas for adding a second dwelling or significant extension in a coastal setting, which is uncommon at this price entry point. Grey water system and water tank reduce ongoing utility costs, and the shed and workshop add functional space for trades or storage. This house suits a buyer who values land banking with immediate livability and wants to avoid strata or body corporate constraints. Book a site inspection to assess bushfire preparedness and confirm the boundary between Lot 97 and the adjacent Lot 98 before submitting any offer.