13 Park Avenue, Apollo Bay VIC 3233

13 Park Avenue, Apollo Bay VIC 3233
13 Park Avenue, Apollo Bay VIC 3233 appears to be a vacant residential block / house site, not a finished dwelling, based on current listing language and property records. The property was listed for sale as a vacant land in Apollo Bay. The most consistent data point across sources is a 772 m² lot with a north-facing aspect; one source also describes it as a “great home site” ready to build, indicating the current configuration is likely *land rather than an existing house*. north-facing build-ready block | 772m² in coastal township | scarce vacant land near shops and beach | long-held site now offered | no existing dwelling requires construction The property is a generously sized north-facing block on a quiet residential street in Apollo Bay, making it a rare find in a coastal township where most listings are older holiday homes. Its orientation is a clear competitive edge, offering natural light and passive solar potential for a future house. The land itself is large enough for a substantial dwelling with outdoor space, and the description as a great home site confirms it is vacant and ready for construction. That positions it well for owner-builders, custom-home buyers, or lifestyle purchasers who want to design their own coastal retreat rather than compromise on an existing house. Proximity to the beach and shops is a noted convenience, and the quiet street character further supports its appeal as a relaxed lifestyle location. Value might be influenced by the cost and timeline of building in the current market, since no income is generated while the site remains undeveloped. The north-facing aspect is considered a premium feature and may command a higher price per square metre compared to less favourably oriented lots, but that premium depends on buyer willingness to pay for orientation over immediate occupancy. Limited recent sales of comparable vacant blocks in the immediate area could make price anchoring more subjective, so buyers are advised to weigh holding costs and construction feasibility alongside the land’s inherent location advantages.
Detailed Independent Property Report prepared  by PropCred Analyst team for 13 Park Avenue, Apollo Bay VIC 3233
Checks found:
Value Risk 2
Liquidity Risk
Planning Risk ! 1
Income Risk 2
Execution Risk ! 1
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Market Insight

Apollo Bay is a tightly held coastal community, primarily owner-occupied, where demand is driven by lifestyle buyers seeking a permanent or holiday home. Recent market conditions show a clear softening in the established housing sector, with extended selling periods and price adjustments, while the unit segment demonstrates relative resilience. Future prospects are intrinsically linked to its enduring coastal appeal, though affordability constraints and a limited, slower-moving sales pool present ongoing market headwinds.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

772m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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