54 Bonnyvale Road, Ocean Grove VIC 3226

Beachfront position | 612m² lot | north-facing verandah | month-to-month tenant | bushfire overlay This property offers a rare configuration of generous land size and beach proximity in Ocean Grove, which strengthens a buyer’s negotiating position in a market where similar lots are scarce. The north-facing verandah, workshop, and secure yard add functional value for both owner-occupiers and investors seeking dual-use flexibility. It best suits a buyer who values immediate coastal living with potential to update or hold for capital growth, given the land-to-building ratio. The bushfire overlay introduces a cost for insurance and may limit some renovations, but does not affect occupancy or resale demand in this location. The month-to-month tenancy allows immediate possession or continued rental income, a commercial advantage. The property should be held for medium-term appreciation or used as a holiday let to leverage the beachside demand.