5 beds | panoramic sea views | pool | 700m² elevated lot | Hallett Cove School catchment
This property presents a rare combination of scale and outlook within its suburb, offering a five-bedroom layout on a substantial, elevated block with commanding sea views. The inclusion of a pool and multiple living areas creates a family-oriented proposition that is significantly larger and more amenity-rich than the typical local stock, best serving an owner-occupier seeking a permanent lifestyle asset with space and a premium aspect. Its position within the sought-after Hallett Cove School zone adds a layer of enduring demand.
The primary decision hinges on the premium for its 1976 construction, which carries inherent capital expenditure risk for systems and finishes modernisation, offset by the unquantifiable value of its irreplaceable view and land parcel. The wide asking range against estimated values suggests negotiation leverage. Acquire for long-term hold to realise the land value and view premium, as the rental yield does not justify a purely investment purchase.