12 Bear Street, Mordialloc VIC 3195
12 Bear Street, Mordialloc VIC 3195
Detached house on 811 sqm | 15.2m frontage | Beachside pocket | Family or developer appeal | Last sold 2021
This is a rare large landholding in a tightly held beachside pocket, where most housing stock is smaller or strata-titled. The broad 15.2m frontage gives genuine flexibility—either for a substantial renovation of the existing house or for a future rebuild, subject to council approval. It suits a family wanting space and proximity to the water, or an investor/developer looking to unlock land value in a suburb where large parcels are uncommon. The configuration alone positions it above typical suburban lots, and the location adds scarcity value that is hard to replicate.
Value may be driven by the land-to-dwelling ratio, as the house itself appears secondary to the site. Condition and internal layout could influence price, but the primary lever is the size and shape of the block. A buyer should weigh renovation costs against the potential uplift from a modern rebuild, and confirm planning constraints before committing. The 2021 sale price offers a baseline, but current market conditions and the scarcity of similar land will likely set the final figure. The mixed local housing—from older houses to newer townhouses—suggests broad buyer demand, which may support competitive bidding.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Bear Street, Mordialloc VIC 3195
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Mordialloc, a bayside suburb 24km southeast of Melbourne, trades on its marina, beaches and Main Street café strip. Demand is lifestyle-driven, with the unit market outperforming houses: median unit price is $697,500–$727,500, with annual growth of 3.9%–8.6%, while houses range from $1.355M–$1.405M, with growth of 1.8%–6.5%. Units spend 38 days on market versus 43–48 for houses, and deliver 4.0–4.2% gross rental yields against 2.82% for houses. Weekly rents are $725–$834 for houses and $560–$600 for units. The tighter unit market and superior yield suggest investor and lifestyle demand converging on compact stock, while house pricing reflects a mature, slower-appreciating segment.
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PropCred Estimated Value
Comparable Sales: 19 Bear Street sold $1.5M on 699 sqm; 11 Bear Street sold $630K | Property Price Band: $1.4M–$1.5M | Value Drivers: land size, frontage width, beachside location
Bedrooms
3
Bathroom
1
Parking
3
Land
811m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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