41 Mcmahon Avenue, Anglesea VIC 3230

4 bed | 1251m² block | Mcmahon Avenue coastal strip | Anglesea lifestyle demand | premium land-to-price ratio The property offers a rare combination of a four-bedroom house on a 1,251-square-metre block in a tightly held coastal pocket where land supply constrains competition. For a buyer, the primary value lies in the land itself, as larger allotments on Mcmahon Avenue command a premium due to proximity to beach and town centre, with neighbouring comparables indicating strong equity in the site alone. This property is best suited to a buyer seeking a family home with scope for future renovation or redevelopment, or a sea-change investor prioritising land banking in a high-demand lifestyle corridor. The key risk is that the house condition is unverified from available data, meaning the purchase price may reflect land value with a potentially dated dwelling requiring significant capital outlay. This creates an opportunity for a buyer to negotiate a discount against finished homes on similar blocks, with the commercial logic of renovating or rebuilding to unlock equity. The property should be held for medium-term appreciation driven by Anglesea’s supply constraints and lifestyle demand.