11 Charles Lane, Torquay VIC 3228

11 Charles Lane, Torquay VIC 3228
Near-new build | Old Torquay pocket | 808mยฒ block | established gardens | tightly held lane This property offers a rare combination of a near-new home on a full-sized block in the tightly held Old Torquay pocket, where most stock is either older or on smaller lots. The 808mยฒ allotment with established gardens and artificial turf provides immediate outdoor amenity and future flexibility, while the 8-year-old build removes the maintenance burden of an older house. For a buyer seeking a turnkey coastal residence with space to add value over time, this house competes strongly against newer but smaller offerings in the area. It serves best a family or downsizer who values proximity to Torquay Surf Beach and local amenities without compromising on land size. The single bathroom configuration is the primary constraint, limiting appeal to households needing multiple bathrooms and potentially capping resale demand. The 2005 last sale price is irrelevant, and the current listing suggests the vendor may be testing a premium position. The opportunity lies in negotiating from the lower end of the estimated range, given the bathroom limitation and lack of recent comparable sales evidence. This property should be held as a long-term coastal home, with the land providing optionality for future extension or redevelopment if zoning permits.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Torquay’s property market presents a clear divergence, with houses demonstrating stable demand and moderate growth, while the unit segment faces recent price adjustments. Demand is anchored by established homeowners and coastal lifestyle seekers, supported by consistent sales activity. The market operates at a measured pace, with houses transacting more readily than units. Future growth is underpinned by sustained appeal as a coastal destination, though affordability pressures and sensitivity to broader economic conditions remain inherent constraints.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

808mยฒ

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