134/98 Bungower Road, Mornington VIC 3931

Over-55s gated village | 2-bed unit Mornington | low-maintenance lock-and-leave | bushfire overlay present This property offers a rare configuration in a secure over-55s village where low-maintenance living is the primary draw. The unit’s position within a gated community on a shared 6-hectare site provides privacy and amenity that standalone units cannot match. For a buyer seeking a peaceful, age-restricted environment with minimal upkeep obligations, this unit delivers a clear lifestyle advantage. The consistent 2-bed, 1-bath layout across comparable sales in the complex confirms the floorplan works for the target demographic. Mornington’s broader median for two-bedroom units sits well above this price point, though retirement village properties trade at a discount due to their restrictions. The bushfire overlay is a material risk that may affect insurance costs and future resale appeal, though no flood or heritage overlays apply. Recent sales in the complex at significantly lower levels than the estimated market value suggest price discovery is incomplete. The buyer should verify maintenance fees and any village exit charges that could erode equity. NBN Fibre to the Node and 5G coverage support remote connectivity but do not drive value. This unit suits a buyer prioritising lifestyle over capital growth. Hold it as a long-term residence, not an investment flip.