14 Mia Mia Way, Torquay VIC 3228

Four-bedroom family home | Torquay coastal locale | 446 sqm land | Recently tenanted at $650/week This property presents a competitively sized family home in a high-demand coastal corridor, with its four-bedroom configuration and dual living areas aligning squarely with the dominant buyer profile seeking permanent residence or a holiday let. The established rental history demonstrates immediate income capacity, positioning it as a viable dual-purpose purchase. The land component offers inherent value, though the internal area is modest for the bedroom count, suggesting efficient rather than spacious living. The primary financial risk is the capital outlay required against unverified recent sales comparables, exposing you to potential overpayment without a precise valuation. The absence of data on building condition, aspect, and local infrastructure changes necessitates a stringent due diligence budget. Proceed with an offer only contingent on a building inspection and a review of council planning schemes, structuring it as a long-term hold to leverage land value growth. A Propcred report would specifically ground your offer with a defensible market valuation and clarify locality-specific risks for insurance. Sold for $768,000 in May 2018, now asking $1.1M. This trajectory suggests strong capital appreciation, but the lack of intervening sales data makes the current premium difficult to assess without examining recent, direct neighbourhood comparables.