5/24 Bath Street, Mornington VIC 3931

Beachside villa unit | 300m to Mills Beach | Single-level in private complex | No bushfire or flood overlays This property presents a competitively strong, low-maintenance opportunity in a premium beachside precinct. Its single-level configuration in a private complex is rare for the location and serves downsizers or investors seeking secure, walkable proximity to the beach without regulatory constraints from common overlays. The compact internal area is typical for the villa typology, prioritizing position over size. The decision hinges on the significant price adjustment from its 2021 sale, representing market expectation rather than intrinsic appreciation. The moderate rental yield suggests this is a lifestyle-priority hold or a long-term capital play, not a high-cashflow investment. Acquire for personal use with a view to long-term holding, or as a strategic entry into a tightly held location where similar low-maintenance stock is scarce. * Last sold for $705,000 in December 2021. * Current list price is $800,000 to $880,000. * Independent valuation estimates a mid-range of $1.08 million. This divergence indicates the listing is ambitiously priced ahead of perceived market value, while the wider valuation range suggests underlying confidence in the location’s premium. Buyers must reconcile the ask with recent sale evidence, where the true test will be at auction.