93 Countess Drive, St Leonards VIC 3223
93 Countess Drive, St Leonards VIC 3223
Detached house | Coastal estate | Single-level likely | Family-oriented street | Off-market opportunity
What stands out here is the property’s position within a quiet, established coastal pocket that has clearly moved upward in recent years. The street itself is dominated by modern, lowset family homes on level blocks, which gives this house a consistent and predictable neighbourhood character. For a buyer seeking a beach-adjacent lifestyle without the density of apartment living, this property offers that rare combination of suburban practicality and coastal ease. It suits families, retirees, and those looking for a holiday home that could double as a rental. The single-level form, if confirmed, adds appeal for downsizers and those prioritising accessibility. The land size, likely around 450 square metres, is workable and low-maintenance, which keeps ongoing upkeep modest. This is not a flashy or unique property, but its strength lies in being a solid, mainstream coastal house in a street that has demonstrated genuine demand. That reliability is what makes it attractive.
What may affect value most is the condition and presentation of the interior, since the external form and lot size are likely consistent with neighbouring houses. If the kitchen, bathrooms, and flooring have been updated, the property could command a noticeable premium. If not, a buyer should factor in renovation costs when forming a view on price. The absence of any overlay issues on nearby lots suggests no obvious environmental constraints, but a full building and pest inspection would still be prudent. The off-market status might limit competitive tension, though it also allows for more considered negotiation. Rental demand appears reasonable, given the coastal setting and family-oriented stock, which supports a modest yield for investors. The main constraint is the reliance on lifestyle-driven buyers, which can make the market more seasonal and less predictable than inner-suburban demand.
|| Comparable Sales: 95 Countess Drive sold $382,500 in 2021; 69 Countess Drive sold $325,000 in Mar 2025 | Property Price Band: $700K–$800K | Value Drivers: condition and finish level, single-level layout, land size and street position
Detailed Independent Property Report prepared by PropCred Analyst team for 93 Countess Drive, St Leonards VIC 3223
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
St Leonards faces east across Swan Island to the heads, with bay views toward Melbourne on clear days. Demand is driven by a mature cohort: 43% of residents are aged over 60, mostly outright owners in detached houses, with professionals over-represented. House prices sit near $735,000–$764,000, down 2.1% over the year, while units have fallen 5.6% to around $588,750. Selling times are lengthy, with houses averaging 91–100 days on market. Rental conditions are firmer: house rents rose 6.7% to $480–$500 weekly, and gross yields sit at 3.7%—modest but steady. Yet the fundamental imbalance is one of supply: 156 properties were listed last month against 157 sales over the past year, and a Boomscore of 33/100 confirms stock outstrips demand. That overhang, combined with rate sensitivity among older, asset-rich but income-limited buyers, means price growth will remain constrained until inventory clears; sellers must be realistic on pricing.
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PropCred Estimated Value
Comparable Sales: 95 Countess Drive sold $382,500 in 2021; 69 Countess Drive sold $325,000 in Mar 2025 | Property Price Band: $700K–$800K | Value Drivers: condition and finish level, single-level layout, land size and street position
Bedrooms
4
Bathroom
2
Parking
2
Land
448m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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