670 Metung Road, Metung VIC 3904

Private coastal acreage | four-bedroom retreat | walk to village and water | strong holiday-let potential This property presents a rare combination of scale and proximity—over an acre of land within walking distance of Metung Village and Bancroft Bay, which is uncommon in this tightly held corridor. The four-bedroom configuration with a private master suite and wraparound verandahs positions it well for both permanent family living and premium holiday accommodation. The oversized double garage with a multi-purpose room adds practical flexibility, while the solar panels and grey water system reduce ongoing holding costs. For a buyer seeking a coastal retreat with genuine rental yield potential, the configuration and location offer a defensible entry point into East Gippsland’s lifestyle market. The primary risk is the property’s reliance on split-system climate control across all bedrooms, which may not satisfy buyers expecting central heating in a coastal climate—this could narrow the resale pool. The land, while generous, is not waterfront, so the price premium over comparable inland homes must be justified by proximity to amenities rather than direct water access. Opportunities include leveraging the existing holiday-let approval and the six-car parking for a dual-income strategy: short-term rental during peak seasons and private use in off-peak. Hold this property as a medium-term lifestyle investment with a five-year view, using the solar and grey water systems to keep outgoings low while capital appreciation is driven by Metung’s constrained supply.