28 Balmoral Avenue, Safety Beach VIC 3936

Solid brick construction | 1134sqm block | 1km to foreshore | Renovation canvas This property offers a rare combination of solid-brick construction on a substantial 1134sqm lot in a coastal setting less than 1km from the foreshore. The 18% site coverage and absence of bushfire, flood, or heritage overlays provide meaningful future flexibility for renovation or potential redevelopment. It is best suited to buyers seeking a long-term coastal foothold with scope to add value through updating the existing 205sqm floorplan, or those looking to hold a large block in a tightly held Mornington Peninsula location with strong school zoning. The primary risk is the property’s age and condition as a 40-year-old home with no recent sales history beyond 1988, meaning the true cost of renovation may be difficult to estimate without inspection. The auction timeline is short, and the lack of recent comparable sales in the immediate area creates valuation uncertainty. However, the large lot and absence of overlay restrictions present a clear opportunity for buyers who can move decisively and are comfortable with a project, particularly given the limited supply of such blocks in this coastal corridor.