65 Iona Street, St Andrews Beach VIC 3941
65 Iona Street, St Andrews Beach VIC 3941
Coastal acreage | 640m² home | bushfire overlay | 8-car parking | Mornington Peninsula
The property’s competitive edge lies in its rare combination of a 640m² residence on a 1.23-acre lot, offering substantial living space with low 13% site coverage that preserves privacy and outdoor potential. The 8-car parking capacity and 5G coverage add practical appeal for families or those seeking a weekend retreat. This house serves best buyers wanting a large, self-contained coastal home with room for vehicles and future landscaping, without the density of standard subdivisions.
The bushfire overlay introduces mandatory construction and vegetation management costs, which should be factored into budget and insurance premiums. No recent sales data is available, making valuation dependent on comparable acreage properties in St Andrews Beach. The zoning allows residential use but limits subdivision potential. Hold for long-term lifestyle use or eventual capital growth as coastal land becomes scarcer.
Independent, Unbiased Research Report for this property by PropCred Analyst team
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Market Insight:
St Andrews Beach is a coastal enclave on the Mornington Peninsula, attracting an established demographic seeking a lifestyle property. Recent market conditions have been challenging, with significant price corrections reflecting broader affordability pressures and interest rate sensitivity. While sales volumes remain modest, extended selling periods indicate a buyer’s market. Future performance is contingent on a return of buyer confidence, with its enduring appeal as a coastal retreat being the primary long-term growth driver against the prevailing economic headwinds.
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PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
8
Land
1.23 acres
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