18 Hennessy Street, Port Campbell VIC 3269

Development land in coastal town | 1,000sqm block STCA potential | walk to beach and national park | rare infill opportunity in Port Campbell The property’s core competitive strength is its 1,000sqm block in a tightly held coastal setting where subdivision or dual-occupancy development is permitted subject to council approval. For a buyer seeking to build a holiday residence while retaining future yield potential, the configuration allows for a primary dwelling plus a secondary unit. Its position within walking distance of Port Campbell Beach and the national park reinforces demand from both owner-occupiers and short-stay operators, giving the buyer optionality on end use. The site best suits someone with development experience or a patient timeline who values location over immediate livability. The principal risk is the existing 2-bedroom house, which is likely dated and may require significant outlay to rent or occupy while approvals are sought. No comparable sales data within the immediate area was provided, so the premium over estimated value carries valuation uncertainty. However, for a buyer who can hold through the approval process, the opportunity lies in capturing land-value growth in a supply-constrained coastal market, with the existing dwelling providing interim holding income or accommodation.