26 Lymington Avenue, Ventnor VIC 3922

3-bed coastal house | 350m to beach | water & farmland views | first listing in 30 years This property presents a rare, long-held coastal holding in a quiet pocket of Phillip Island, offering genuine proximity to the beach and dual aspects over water and farmland. Its modest floor area on a standard lot signals a straightforward, lower-maintenance home, best suited to a lifestyle buyer seeking an unhurried retreat or a permanent coastal residence, not an investor chasing high rental yields. The absence of recent sales history for the house itself underscores its unique position as a tightly held opportunity in a sought-after location. The primary risk is the significant price discovery required after three decades, with current asking prices reflecting broad market optimism rather than precise local comparables. The bushfire overlay necessitates insurance and potential building cost considerations. The commercial logic lies in securing a character home in a location where such infrequent listings occur; this is a long-term lifestyle purchase, not a short-term trading proposition. Proceed with a disciplined valuation based on recent land value and rebuild costs, as the emotional premium for its setting is currently high.