40 Ocean Avenue, Port Lincoln SA 5606

Elevated coastal position with panoramic bay views | 4-car parking plus huge shed | Bushfire overlay present | Strong rental demand zone at $700/week The property’s primary buying case rests on its rare combination of unobstructed Boston Bay views, a substantial 198m² floorplan, and four-vehicle accommodation including a large powered shed. For a family requiring space for both living and recreational equipment-boats, caravans, or a workshop-this configuration is difficult to replicate in Port Lincoln’s current stock. The 2023 purchase at $510,000 followed by a quick relisting suggests the vendor may have overcapitalised on renovations, but the 723m² elevated lot and multiple living zones serve buyers who need separation between generations or guests. The $700 weekly rental estimate indicates strong tenant demand, making this viable for an investor-occupier hybrid strategy. The bushfire overlay imposes higher insurance premiums and may restrict future extensions or landscaping without council approval, a cost that should be factored into the buyer’s holding budget. The 1973 build means older plumbing and wiring are likely, though the renovated kitchen mitigates some immediate capital outlay. Fibre-to-the-node NBN is adequate but not a prime value driver. The opportunity lies in using the downstairs ensuite bedroom as a separate income stream or long-term guest suite, effectively reducing net holding costs. Hold this property for its view premium and scarcity of large sheds on elevated land; it will outperform standard coastal stock in a rising market.