5 Newhaven Cres Mcloughlins Beach VIC 3874

Dual-living coastal corner block | Renovated with water views | Flexible layout for boat/fishing lifestyle | Bushfire and flood overlays apply. A property of this configuration is rare on the double-corner block near 90 Mile Beach. The dual living areas, separate renovated kitchen, and upstairs family room with balcony and water views give a buyer positional leverage: the house can function as a permanent coastal home, a weekend retreat, or a dual-occupancy setup for guests or income. The stoned yard, multiple sheds, and parking for up to seven vehicles directly serve the fishing and boating market, making it highly specific to that demand. For a buyer seeking a move-in-ready coastal property with genuine flexibility, this house offers a stronger value proposition than a standard beach cottage because the layout and land allow for separation of uses without renovation. The bushfire and flood overlays are the primary risk, and they will constrain insurance availability and cost, as well as limit some future extensions. The bedroom count ambiguity (2–3) and the convertible separate WC/bathroom mean the upstairs sleeping space may not count as a legal bedroom, which matters for resale to families. The estimated value range is wide, and the current list price sits above the lower estimate, so the buyer should negotiate from a position that accounts for overlay risk and the non-standard bedroom count. The opportunity is to hold the property as a dual-purpose coastal base with low ongoing maintenance, using the sheds and parking to offset costs if rented to boat owners. Use the property as a lifestyle asset first, and let the land and location do the long-term work.