7 Mcmillan Street, Anglesea VIC 3230

3 beds | 1 bath | 855sqm | Surf Coast Shire | coastal town proximity to beach and shops This property’s competitive edge lies in its generous 855sqm lot within Anglesea, a coastal town where larger blocks are increasingly rare and command premium positioning for buyers seeking space near the beach and village. The three-bedroom, one-bathroom configuration suits downsizers, holiday investors, or families wanting a foothold in a tight market; the single bathroom is a constraint but typical for the era, and the land size offers future subdivision or redevelopment optionality under Surf Coast Shire zoning. For a buyer, the property’s primary value is as a land play with immediate livable shelter, best serving those who prioritize location and block size over turnkey finishes. Risk centers on the dated single-bathroom layout and lack of sales history or council records, meaning due diligence on easements, overlays, and renovation costs is essential before committing. The estimated value range of $1.1m to $1.46m signals market uncertainty, so a buyer should anchor offers at the lower end and negotiate on condition unknowns. Opportunity lies in adding a second bathroom or extending the footprint, which would lift resale appeal and rental yield in a high-demand coastal corridor. Hold this property as a medium-term land bank with incremental improvements or use it as a holiday rental while planning for subdivision.