23 St Ives Grove, Mount Martha VIC 3934

3 bed plus flexible lower level | high ceilings and period detailing | sought-after Mount Martha pocket | near beaches, schools, shops The property’s primary buying case rests on its flexible lower level, which functions as a fourth bedroom with its own bathroom—a rare configuration in this price tier. This gives a buyer genuine options: multigenerational living, guest accommodation, or a separate home office. The high ceilings, decorative cornicing, and light-filled interiors are not merely aesthetic; they signal a build quality that holds value better than nearby stock. This house serves best a family or professional couple seeking a permanent home with room to adapt, rather than a pure investment play. The key risk is the property’s positioning at the upper end of its value band, meaning the buyer pays a premium for the flexibility and finish. There is no obvious discount for the 2020 purchase date, so the seller likely holds firm. The opportunity lies in the location—this pocket of Mount Martha is undersupplied for houses with this layout, which should support resale demand. Hold this property as a primary residence; its configuration and location make it a long-term keeper rather than a short-term trade.