2 Burdoo Way, Mount Martha VIC 3934

Bay panorama views | 795sqm block | minutes to foreshore and village | classic coastal renovation opportunity This property’s primary competitive advantage is its combination of substantial land size and unobstructed bay-facing position on the Mornington Peninsula, a configuration increasingly rare in this tightly held coastal corridor. The dual-level layout with separate living areas on each floor provides immediate functional separation for families or guests, while the existing structure can be occupied as-is during a staged renovation. The Mediterranean-inspired landscaping and circular driveway add curb appeal without requiring immediate investment. This property is best suited to buyers who value location over turnkey finish and are prepared to undertake cosmetic or structural renewal to unlock the site’s full potential. The principal risk is the age and condition of the existing house, which last sold in 1999 and will require significant updating to meet contemporary standards. Buyers should budget for full kitchen and bathroom replacement, potential reconfiguration of the lower level, and window upgrades to maximise the views. The opportunity lies in the land-to-improvement ratio: a well-executed renovation or eventual rebuild on this block could deliver a premium coastal residence with a cost base well below equivalent new builds in the area. Hold this property as a medium-term project, renovate to a high standard, and benefit from both lifestyle use and capital growth driven by the irreplaceable position