6/32 Spray Street, Mornington VIC 3931

Ground-floor unit | rear complex position | walk to Main Street | strong rental yield potential This property’s competitive edge lies in its ground-floor configuration and rear positioning within a boutique complex, offering rare seclusion and privacy for a unit in Mornington’s active coastal strip. The two-bedroom, two-bathroom layout suits downsizers, investors, or professionals seeking low-maintenance living with immediate access to cafés, beaches, and transport. For a buyer, the unit’s rental estimate of $545–$655 per week signals solid demand, and the absence of bushfire or flood overlays removes common coastal risks, strengthening its appeal as a reliable holding. The primary risk is value uncertainty, with estimates ranging from $546,000 to $770,000 across sources, reflecting inconsistent market data and no recent sales to anchor pricing. This creates negotiation leverage for a buyer but requires careful due diligence on comparable sales. The 1053m² lot likely covers the entire complex, not this unit individually, so land value is shared and not a standalone advantage. For an investor, the rental yield is attractive, but capital growth depends on Mornington’s market trajectory. Hold this unit as a steady income property or a lock-and-leave coastal base.