40 Norfolk Boulevard, Torquay VIC 3228

3 bed, 2 bath, 2 car | 440sqm block | Coastal Torquay | Off-market | Last sold 2021 This property presents as a tightly held, standard three-bedroom family home on a manageable 440-square-metre block in Torquay, a premium coastal market. Its off-market status and last known sale in March 2021 for $1,000,000 suggest it may be held by an owner with low cost base, creating potential for a negotiated purchase below current estimated value of $1.168 million. The configuration is conventional but functional, suiting downsizers or small families seeking a beachside foothold without acreage. The property’s competitive strength is its positioning in a stable suburb with consistent demand from both owner-occupiers and holiday investors, though it lacks standout architectural features or a rare land size. Primary risk is the narrow land parcel, which limits future subdivision or substantial redevelopment potential, capping capital growth relative to larger blocks in the area. Buyers should also account for possible deferred maintenance typical of a three-year-old purchase cycle. The opportunity lies in securing a below-market entry into Torquay’s residential corridor, with rental yield potential from short-term holiday letting if local regulations permit. Hold this property as a medium-term family home or cash-flowing holiday let, with exit planned when coastal land values appreciate further.