11 Bergin Grove, San Remo VIC 3925
11 Bergin Grove, San Remo VIC 3925
3-bed house on 690m² | 80m to dog-friendly bay | no flood/bushfire risk | 4 days on market
This property presents a compelling opportunity for a buyer seeking a low-maintenance coastal lifestyle or a long-term hold. Its prime positioning within 80 metres of Westernport Bay is a rare and fixed advantage, offering immediate access that cannot be replicated. The generous land parcel, fully fenced with a shed and deck, provides practical outdoor space, while the absence of perils removes significant insurance and holding cost risks. This house best serves an owner-occupier seeking a permanent coastal shift or an investor targeting the resilient family rental market, given the proximity to the local primary school.
The decision hinges on the current asking range, which appears ambitious against the latest valuation metrics. The substantial price growth since its 2011 sale is already accounted for, and paying at the top of the guide would require a premium for the location beyond its intrinsic land value. Proceed only with a purchase price firmly in the mid to low $700,000s to preserve equity. This property should be held for the long term to realise the value of its land size and location, as its rental yield alone does not justify a highly leveraged investment.
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Bergin Grove, San Remo VIC 3925
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
✕
2
Income Risk
!
1
Execution Risk
✓
Insight: San Remo VIC 3925
San Remo presents as a regional coastal market with a notable divergence between its house and unit segments. Recent market conditions show house prices have softened, with extended selling periods indicating buyer selectivity in a market where supply currently outweighs demand. This environment is driven by local turnover rather than strong external pressure. Future growth is contingent on broader regional affordability and absorption of available stock, with the key constraint being the current imbalance between supply and demand which favours purchasers.
PropCred Estimated Value
Bedrooms
Bathroom
Parking
2
Land
690m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst