1 Ellen Road, Silverleaves VIC 3922

| Beachside house on large block | 4m elevation, no overlays | 3-4 bed configuration flexible | NBN FTTP connected | Owner-occupied street | This property offers a rare combination of scale and positioning on a 1500m²-plus block with no flood, bushfire or heritage overlays, which is uncommon in coastal Victoria. The 26% building coverage leaves significant room for expansion, landscaping or a studio, while the 4m ground elevation provides passive protection and outlook. The flexible bedroom count and 411m² building footprint suit a family seeking permanent residence or a dual-use holiday home with rental potential. The street is 88% owner-occupied, which typically supports stable values and neighbourly amenity. The primary risk is the asking price exceeding both Domain and property.com.au estimates by 12-28%, meaning a buyer must negotiate hard or accept that recent comparable sales sit well below $945k. The lack of recent Ellen Road sales weakens direct price evidence, and the 3.2% gross rental yield is below market for the area, so this works best as a long-term hold rather than a short-term flip. Secure it below $870k, hold for five years, and use the land for future subdivision or a second dwelling if zoning permits.