13 Daveys Bay Road, Mount Eliza VIC 3930
13 Daveys Bay Road, Mount Eliza VIC 3930
Beach-side Mount Eliza | Large coastal lot | Prestige scarcity | Direct beach access potential | Lifestyle-driven demand
This house is positioned in a rare beach-side pocket of Mount Eliza where large coastal allotments are found as the established norm. The location is granted genuine scarcity value, with only a small number of houses in the immediate street and direct access to the water available to select properties. The house is best suited to a high-income owner-occupier market, particularly families seeking coastal amenity, private outdoor recreation, and proximity to quality schooling. The surrounding stock ranges from older-style prestige homes to substantially upgraded residences, so the street is understood to support both renovation and rebuild narratives. For a buyer seeking a lifestyle-driven purchase with strong long-run capital growth potential, this property is placed comfortably above typical Mount Eliza suburban stock in land size, amenity, and position.
The value of this property may be materially influenced by the level of renovation already undertaken and the quality of its coastal exposure. A direct beach access right, if present, might be granted a scarcity premium that is difficult to replicate elsewhere. Conversely, an older interior or dated finishes may cap the achievable price relative to fully upgraded comparables, while the cost of coastal maintenance could be weighed against net yield for an investor. The specific land size and frontage are also likely to shape how the market prices the house against the street’s top end.
>> Comparable Sales: 33 Daveys Bay Road sold at $8.25M, 21 Daveys Bay Road sold at $2.395M | Property Price Band: $5.0M–$6.0M | Value Drivers: direct beach access, land size, condition and presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Daveys Bay Road, Mount Eliza VIC 3930
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Mount Eliza is an affluent, family-dominated suburb on the Mornington Peninsula, with household incomes well above the metropolitan average. Families are the primary buyer group, drawn by strong school catchments and a coastal lifestyle; house rents have risen 5.3% to $1,000 weekly, confirming stable rental demand. The median house price is around $1.65 million, with annual growth between 2.5% and 5.0% in most measures, though one series shows a slight decline. Market conditions are mixed, with houses selling in 38 to 104 days and sales volume near 290. Units remain a smaller segment, with median prices from $695,000 to $890,000 and yields up to 4.3%. Future growth relies on sustained family demand, but affordability constraints and rate sensitivity are key risks, evidenced by variable sales volumes and a recent 11.1% drop in house sales.
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PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
4
Land
1486m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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