389 Ibbotson Street, St Leonards VIC 3223

3 beds | 2 baths | 3 car spaces | near-new coastal family home | mid-market St Leonards This property presents a competitively strong entry into St Leonards for an owner-occupier or holiday-home buyer, as its three-car parking is a rare configuration for a three-bedroom house in this coastal market, reducing competition from investors and widening appeal to families. The asking range positions it as a well-presented, near-new home in the mid-tier segment, where demand is typically stable from buyers seeking a turnkey coastal lifestyle without premium waterfront pricing. A primary risk is the property’s location on Ibbotson Street rather than a direct waterfront address, which may limit capital growth compared to esplanade positions; however, this also reduces entry cost and exposure to coastal insurance premiums. The opportunity lies in leveraging the strong parking capacity and modern finish to attract tenants or resell to families, as the property suits both owner-occupation and investment with manageable holding costs in a balanced market. Hold as a long-term coastal residence or rent for steady yield.