405 Ibbotson Street, St Leonards VIC 3223

3 bed 2 bath modern coastal house | 664sqm block | 4 car spaces | St Leonards Bellarine Peninsula The property’s primary competitive advantage is its 664sqm block with four off-street car spaces, a rare configuration in a coastal township where vehicle and trailer storage is a persistent constraint. For a buyer seeking a low-maintenance modern home that can accommodate a boat, caravan, or multiple family vehicles without compromise, this house offers a practical edge that most comparable listings lack. It is best suited to a permanent resident or holiday-home buyer who values space for recreational equipment over a larger internal footprint. The main risk is that the house itself is likely compact relative to the land, which may limit appeal to buyers prioritising interior living area. The price guide positions it in the upper-middle of St Leonards’ market, meaning the land and parking capacity are carrying the premium—if the internal finishes are not genuinely modern, the value proposition weakens. An opportunity exists to hold as a weekender with strong rental demand from Melbourne holidaymakers, given the location and parking. Buyers should treat this as a lifestyle property with a functional land advantage, not an investment play for capital growth.