5/141 Great Ocean Road, Anglesea VIC 3230
5/141 Great Ocean Road, Anglesea VIC 3230
2 bed 2 bath secure apartment | beachfront riverfront strip | lock-and-leave coastal lifestyle | architect designed premium finish | front road traffic exposure
A modern two-bedroom apartment within a mixed-use beachfront complex is offered, set between Main Beach and the Anglesea River. A secure lock-and-leave configuration is provided, with ensuites and built-in robes in both bedrooms, while a finish rarely seen in local coastal stock is delivered using oak flooring, double glazing, and Smeg appliances. An open-plan living area with balcony outlook is included, and the design by architect Michael Angus is considered a landmark. This apartment is suited to downsizers and weekend buyers wanting low-maintenance coastal living, with surf club, cafés, and trails nearby. Its compact, premium specification is uncommon in Anglesea’s detached-house market.
Value may be affected by the property’s front-row position, where tourist traffic and seasonal noise could be noticed by some buyers. Coastal hazard overlays might be relevant given the low-lying beachfront setting, though this is not confirmed for this specific unit. Perceptions may also be influenced by the mixed-use nature of the complex, as commercial tenancies are situated alongside residential units. However, strong ongoing demand is suggested by the tightly held ownership profile, with an average tenure of nearly eleven years, and practical appeal is added by the secure parking and storage. Price could be further supported by opportunities for holiday letting or high-end rental, while appeal for permanent family buyers may be limited by the lack of a private garden.
>> Comparable Sales: 5/143D Great Ocean Road at $1.225M | 8/141 Great Ocean Road at $1.55M-$1.6M | Property Price Band: $1.0M-$1.1M | Value Drivers: beachfront position, premium finish, secure low-maintenance layout
Detailed Independent Property Report prepared by PropCred Analyst team for 5/141 Great Ocean Road, Anglesea VIC 3230
Checks found:
Value Risk
✓
Liquidity Risk
✕
2
Planning Risk
✕
2
Income Risk
✕
2
Execution Risk
✓
Market Insight
Anglesea, on the Great Ocean Road, sits in a premium coastal bracket with median house prices ranging $1.3–$1.4 million. Demand is concentrated in houses, evidenced by 77 house sales in the past year but only six unit sales, and a rental market of seven available properties. Prices have cooled, with annual growth between -5.88% and -9.68% and a median house price around $1.25–$1.33 million on some measures. Sales volumes remain shallow, and days on market stretch from 98 to 149 days, signalling slower turnover. Low gross rental yields (2.34%–2.5% houses) and high entry prices limit investor appeal, while clearance rates at 69.4% suggest buyer caution. Future growth hinges on coastal lifestyle demand and infrastructure along the Great Ocean Road, but affordability constraints, rate sensitivity, and negative price momentum pose key risks.
PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1602m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst