131 Bonnyvale Road, Ocean Grove VIC 3226

Large coastal block with reserve borders | 6-car secure parking | 3-bed, 295m² living | Direct beach access | No immediate neighbours This property presents a rare coastal holding defined by its substantial land parcel and exceptional privacy. Its end-of-street position, bordered by council reserve, creates a permanent, low-density setting uncommon in coastal suburbs. The 761m² lot with 39% building coverage and extensive parking supports a flexible lifestyle for a large or multi-generational family, with the rumpus and workshop spaces amplifying its utility. The beach proximity and sanctuary feel target a buyer seeking a permanent retreat, not a standard investment. The primary concession is the bushfire overlay, which imposes construction constraints and ongoing management costs, potentially affecting insurance premiums. The absence of direct comparable sales in the brief requires a bespoke valuation, leaning on its configuration edge over typical suburb stock. Its rental yield is modest, positioning it as a long-term lifestyle holding with a secondary income function; it is not a high-growth speculative purchase. Secure it if the premium for land and privacy aligns with a decade-plus horizon.