56 Argyle Avenue, Chelsea VIC 3196

4 bed house | 654sqm block | bayside Chelsea | family zone | near train & beach This property presents a rare combination in Chelsea: a four-bedroom floorplan on a full 654-square-metre block within walking distance of the train station and beach. For a family buyer, the land area alone is the primary competitive edge, as larger blocks in this coastal strip are increasingly subdivided or occupied by smaller homes. The configuration suits those seeking immediate space and future flexibility, without the premium of a waterfront address. It is best positioned for buyers prioritising long-term land value over turnkey finish. The main risk is the single car space, which may limit appeal to multi-car households in a car-dependent suburb, and the price sits at the upper end of Chelsea’s family market. The opportunity lies in the block’s potential: a future subdivision, extension, or simply holding for capital growth driven by land scarcity. Buyers should view this as a land play with a functional house attached, not a renovated showpiece. Hold for at least five years to realise the location’s compounding value.