4 Butler Avenue, Mornington VIC 3931
4 Butler Avenue, Mornington VIC 3931
4 bedroom coastal house | 864m² land with pool | premium Mornington pocket | owner-occupier market | 2.56% yield signals lifestyle demand
This property holds a clear competitive edge in Mornington’s detached-house market. Its 864m² block, four-bedroom, two-bathroom layout, and pool place it firmly in the upper tier of what this coastal suburb offers. The combination of substantial land, a study, and family-oriented configuration serves buyers seeking a permanent seaside home rather than an investment play. The local character here is established, walkable to beach, golf club, and Main Street, which attracts families and downsizers who value lifestyle over yield. Given the January 2025 sale at $1.55m and the upward re-pricing seen in this street, the property is positioned at the premium end of its pocket, best suited to owner-occupiers prioritising space, coastal amenity, and long-term capital growth.
The price band for this property likely reflects its rarity as a large-block, pool-equipped family home in a tightly held coastal street. The pool and study add functional appeal, while the 864m² land size provides scope for future improvements or extensions, should a buyer wish to personalise. The low gross yield of around 2.56% may temper interest from investors, but for owner-occupiers, the trade-off is acceptable given the lifestyle package. Value may be influenced by the quality of internal finishes and presentation, which are not detailed here, and the exact orientation and topography of the block. Buyers should weigh the premium pricing against the strength of the local market, which has shown consistent demand for substantial homes in this area.
Detailed Independent Property Report prepared by PropCred Analyst team for 4 Butler Avenue, Mornington VIC 3931
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Mornington VIC 3931 holds a coastal lifestyle position within commuter reach of Melbourne via Peninsula Link and the Frankston line, supported by retail hubs such as Mornington Plaza. Demand is driven by families aged 40-59, with 77.5% owner-occupiers and 48.2% family households, plus Melbourne downsizers seeking lifestyle properties and investors targeting units. Median house prices sit around $1.08m-$1.12m, but annual growth is mixed: recent readings range from -1.82% to +1.8%, with one gauge showing +3.2% for all dwellings. Units are firmer, with medians of $741,000-$782,500 and annual growth between 4.7% and 8.8%. Houses sell in 25-38 days, and annual sales volumes of 336-474 indicate steady turnover. Rental yields are modest: 3.35%-3.8% for houses, around 4% for units, with house rents at $700-$725 weekly. Future drivers include school catchments with NAPLAN results above state averages, infrastructure upgrades, and investor demand for units. Key constraints are high entry prices limiting first-home buyers, sensitivity to interest rates evidenced by fluctuating growth, and steady supply of around 500 annual sales.
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PropCred Estimated Value
Comparable Sales: 40 Butler Avenue sold 2023 for $1.18M, re-listed 2025 at $1.39M–$1.52M | Property Price Band: $1.5M–$1.6M | Value Drivers: land size, pool, study, coastal location
Bedrooms
4
Bathroom
2
Parking
2
Land
864m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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