1/2 Chadwell Lane, Chelsea VIC 3196

Beachside villa in Chelsea | walk to village and shore | study adds flexibility | rare sub-800k entry point The property’s strongest buying signal is its configuration: a two-bedroom villa with a separate study and walk-in dressing room, on a 203m² lot within walking distance of both Chelsea Village and the shoreline. In a market where the median house price exceeds $1 million, this unit offers a materially lower entry point without sacrificing livable space or location. The light-filled open plan and contemporary bathroom mean immediate occupancy is possible, while the study and dressing room provide functional advantages over standard two-bedroom units. This property suits first-home buyers seeking a coastal foothold, or investors targeting the reliable rental demand near primary schools and public transport. The main risk is the auction format in a market where clearance rates sit around 70% and days on market average 49—buyers must be prepared for competition from owner-occupiers drawn to the same location and layout. No heritage or flood overlays reduce future renovation friction, but the property is sold as-is, so any cosmetic updates will be at the buyer’s cost. The opportunity lies in the study: it can function as a third sleeping space or home office, lifting rental yield above the $590/week estimate. Hold this property for steady capital growth driven by Chelsea’s beachside demand, or use it as a low-maintenance coastal base with strong resale appeal.