23 Plateau Avenue Metung VIC 3904

Lake views backing hot springs | 2017 build low maintenance | 4-car side access | Kings Cove quiet pocket This property occupies a rare configuration in Metung: a modern four-bedroom house on an 808-square-metre lot that backs directly onto the Metung Hot Springs, with unobstructed views across Lake King. The 2017 construction eliminates the deferred maintenance typical of older coastal stock, while the ducted heating and cooling, solar panels, and alfresco area reduce holding costs and improve rental appeal. For a buyer seeking a lock-and-leave holiday house or a permanent residence with strong short-stay potential, the combination of location adjacency to a tourism anchor and the four-car parking with side access for a boat or caravan gives it a competitive edge over most listings in the suburb. It suits owner-occupiers who value privacy and views, or investors targeting the premium holiday market. The primary risk is the bushfire overlay, which may increase insurance premiums and limit some financing options, though no flood or heritage constraints apply. The wide valuation range—from $510,000 to $731,000—reflects low recent sales volume in Metung and the property’s unique attributes, meaning an offer near the lower end could represent a genuine discount if the seller is motivated. The short time on market suggests either strong interest or a price that needs recalibration; a buyer should verify comparable sales for 2017-built houses with similar views in Kings Cove. Hold this property for medium-term capital growth tied to Metung Hot Springs development, or use it immediately as a high-yield holiday let given the location and modern fit-out.