38 Elwood Avenue, Surf Beach VIC 3922
38 Elwood Avenue, Surf Beach VIC 3922
Generous 702mยฒ lot | 6 car spaces standout | Coastal proximity edge | 23% site coverage allows expansion | Renovated appeal for sea-changers. This three-bedroom house on a 702sqm block suits downsizers or families drawn to coastal living with ample space for vehicles and outdoor pursuits. The property’s deep lot and low building coverage provide practical flexibility for extensions or garden setups, setting it apart on a street of more compact holdings. Its six open car spaces cater directly to buyers with boats or caravans, a common need in this beachside pocket where wave access is just moments away. Similar three-bedroom homes on larger blocks here tend to draw retirees and weekenders who value the bushfire-managed zoning and proximity to schools like Newhaven Primary. In the local market, these properties hold steady appeal due to reliable NBN and 4G, supporting remote work or extended stays without urban drawbacks. The single-bathroom layout keeps maintenance straightforward, appealing to those prioritising land over internal scale. Long-term, the elevated ground at 18m and absence of flood overlays bolster holding value amid rising coastal demand. Overall, it positions as a versatile hold in a niche where land scarcity amplifies such opportunities.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 38 Elwood Avenue, Surf Beach VIC 3922
Market Insight:
Surf Beach is a coastal suburb on Phillip Island attracting lifestyle buyers and holiday-home investors. Housing prices have risen steadily due to tourism demand and limited housing supply. Buyers are drawn to beach access and recreational amenities. The islandยs popularity continues to underpin property values.