30 Merrijig Drive, Torquay VIC 3228

3 bed townhouse on 2 acres | ocean views over oval | Torquay fringe with school zoning | low building coverage leaves expansion room This property’s primary buying case is the unusual combination of a compact 95m² townhouse footprint on a full 2.01-acre lot, which is rare within Torquay’s residential zoning. The low 1% building coverage signals significant potential for future expansion, a secondary dwelling, or subdivision, depending on council appetite. The elevated position with ocean views and outlook over the sporting oval adds lifestyle scarcity that typically holds value better than standard residential blocks. It suits a buyer wanting immediate move-in convenience with long-term land banking optionality, particularly families targeting the local school catchment. The main risk is the modest 95m² internal size for a three-bedroom house, which may limit appeal to owner-occupiers seeking more generous living space without renovation. The building’s age and condition are not detailed, so a thorough building and pest inspection is non-negotiable before committing. The value opportunity lies in the land: holding the property as-is for five to seven years while council zoning evolves could unlock substantial upside. If subdivision or extension is not feasible, treat this as a lifestyle land play and resist overpaying for the townhouse structure itself.