1 Park Avenue, Apollo Bay VIC 3233

3-bed coastal house | 772m² quiet street lot | short walk to beach/town | no bushfire overlays | Apollo Bay P-12 zone This property presents a competitively strong offering as a low-density coastal house on a substantial, level block in a peaceful street, directly zoned for the local P-12 college. Its configuration is typical for the avenue, but the absence of development overlays simplifies ownership and reduces insurance complexity, making it a straightforward proposition for a permanent coastal family or a low-maintenance holiday home. The combination of a usable land parcel, fibre internet, and proximity to core amenities including the beach positions it as a resilient holding in a visitor-driven market, best serving a buyer seeking a lifestyle purchase with inherent rental utility. The primary decision rests on accepting a mid-range valuation without recent direct sales evidence, which introduces pricing risk against the sole nearby benchmark of $1.135 million for 6 Park Avenue. The estimated gross rental yield of approximately 3.6% is modest, supporting a hold strategy that prioritises capital stability over income. Proceed with an offer anchored to the lower half of the stated range, structuring for personal use with periodic holiday leasing; this is not a speculative play but a long-term coastal entry point.