4 Crafers Cres, Ventnor VIC 3922

Modern renovation on large coastal lot | Peaceful setting near schools | Strong recent capital growth | High land coverage This property presents a competitively strong holding due to its substantial 961m² lot in a coastal suburb, a configuration increasingly rare against newer subdivisions. The recent modern renovation provides immediate livability, while the high land coverage suggests limited further structural expansion, focusing value on the existing improved asset. It serves the owner-occupier seeking a low-maintenance coastal lifestyle or the investor attracted by the estimated rental yield, supported by reliable broadband and mobile infrastructure. The primary risk is the compressed yield against the purchase price, with the gross return marginally supporting holding costs in a rising rate environment. The 2023 resale indicates significant appreciation, demanding scrutiny of current market momentum to justify the premium over the estimated value. Acquire for long-term coastal occupancy or as a land-bank with existing income; its school catchment adds stability. Proceed only if the price aligns within the lower valuation range, as the short listing period may indicate competitive interest. Recent sales context is limited, but the property’s own 2023 sale at $700,000 versus its current $849,000 ask signals notable appreciation. The lack of abundant direct comparables underscores its larger-than-typical lot size for the area, a relative scarcity that can command a premium, but requires validation against current street-level sales data on Crafers Crescent for precise positioning.