41 Reardon Cres, St Leonards VIC 3223
41 Reardon Cres, St Leonards VIC 3223
41 Reardon Cres, St Leonards VIC 3223 is a vacant 339m² allotment in the Seachange Estate, described as having an 11.27m frontage and 30m depth; the public listings indicate it is land for sale, not an existing improved dwelling at this address. The property was listed for sale as a residential property in St Leonards.
Vacant 339sqm lot | Seachange Estate growth pocket | 11.27m frontage compact build | Prior sale $340k 2023 | Strong turnkey appeal
This vacant land lot is positioned within the newer Seachange Estate, a growth pocket that appeals to those seeking a low-maintenance coastal lifestyle. The 339 square metre allotment with its 11.27 metre frontage offers a compact yet workable footprint for a detached dwelling, typical of this estate’s subdivision pattern. It is best suited to a buyer planning a turnkey build or a first-home owner looking to construct in a seaside township. The lot’s value is indicated by its prior sale record, and a measured entry point may be represented by the current pricing context.
House design options may be limited by the narrow frontage and compact depth. The absence of an existing dwelling means the final value is substantially influenced by construction costs and market conditions at build completion. The estate’s newer subdivision character may not be preferred by buyers seeking established gardens or wider blocks. Ongoing development nearby may also be a consideration for privacy or outlook.
Detailed Independent Property Report prepared by PropCred Analyst team for 41 Reardon Cres, St Leonards VIC 3223
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
St Leonards is a coastal suburb with a mature demographic, characterised by high outright home ownership and a stable, professional resident base. Demand is driven by established owner-occupiers, creating a steady but measured market. Recent price trends have softened, reflecting a market where supply currently outweighs demand, leading to extended selling periods. Future growth is anchored in its desirable location, though the current imbalance between available stock and buyer activity presents a key constraint on price momentum.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
339m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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