41 Alfred Cres, Venus Bay VIC 3956
41 Alfred Cres, Venus Bay VIC 3956
671 m² vacant residential lot in Venus Bay, South Gippsland Shire. No existing dwelling, no on-site amenities. Previously sold in 2020 for $83,000.
This vacant lot is positioned competitively below the typical entry point for coastal land in this suburb, offering a lower-cost opportunity in a quiet, rural-residential setting. The lot size, while smaller than many acre-sized parcels nearby, suits a buyer seeking a manageable footprint for a modest coastal retreat or investment development. It is best suited for first-home buyers or investors looking to secure affordable land in a tranquil location, with the potential for capital growth as the area continues to attract those seeking a coastal lifestyle without premium pricing.
The property’s value may be influenced by its vacant status, which requires additional investment for development, potentially affecting its immediate appeal compared to improved properties. The absence of a dwelling also means no rental yield is available until construction is completed, which could be a consideration for investors. The lot’s configuration and residential zoning may support standard development, but any site-specific constraints, such as soil conditions or easements, could impact build costs and should be verified. The surrounding suburb’s quiet character and limited on-site amenities might also affect resale demand, though this is typical for the area.
Detailed Independent Property Report prepared by PropCred Analyst team for 41 Alfred Cres, Venus Bay VIC 3956
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Venus Bay is a low-density coastal market, primarily attracting smaller households and lifestyle buyers drawn to its relaxed setting and diverse property offerings, from modest homes to substantial rural lots. Demand appears steady, supported by consistent annual sales, though recent price trends have been volatile, indicating a market sensitive to broader conditions. Future growth will likely hinge on its enduring coastal appeal, yet the absence of major infrastructure and limited public transport present constraints on accessibility and broader buyer appeal.
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PropCred Estimated Value
Bedrooms
-
Bathroom
-
Parking
-
Land
671m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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