22 Neptune Street, Mornington VIC 3931

Corner block, Mornington beach proximity | 3-bedroom charm with redevelopment angle | Sought-after location near Main Street This Mornington property presents a compelling proposition for buyers seeking both immediate liveability and future optionality. The corner block of approximately 469 square metres is a rare configuration in this sought-after pocket, offering enhanced street frontage and potential for dual access. Its positioning near Fisherman’s Beach and Main Street places it within walking distance of Mornington’s primary lifestyle amenities, a feature that underpins strong demand from both owner-occupiers and investors. The existing three-bedroom, two-bathroom layout provides a functional home while the site’s dimensions and location signal clear redevelopment potential subject to council approval, making it particularly suited to buyers who value holding a property with long-term upside. The primary risk is the property’s age and condition, which may require renovation expenditure to align with contemporary standards, though this also represents an opportunity to add value through targeted improvements. The 2011 last sale date suggests limited recent market exposure, meaning the buyer’s due diligence on current structural condition is essential. The corner block positioning, while advantageous for development, may also introduce additional noise or traffic considerations relative to a mid-block property. For the buyer willing to undertake renovation or hold for medium-term appreciation, the combination of location, block size, and existing accommodation creates a strong basis for capital growth in Mornington’s tightening market.