71 Campbell Street, Loch Sport VIC 3851

Corner block with water views | 795m² land | Bushfire overlay | 4 secure car spaces This property presents a strong offering for a lifestyle buyer or a long-term holder seeking space and views in a coastal locale. Its competitive strength lies in its larger-than-typical 795 square metre corner block, which affords water views and a sense of privacy uncommon in the area, coupled with substantial and secure parking for four vehicles. The house itself provides a practical three-bedroom, two-bathroom layout with modern conveniences like reverse-cycle air conditioning and an open fireplace. This configuration best serves a buyer looking for a primary residence or a holiday home with room for boats or caravans, where the land size and views are the primary value drivers over the dwelling itself. The decision to purchase hinges on accepting the bushfire overlay, which imposes construction and landscaping obligations that incur ongoing compliance costs and may complicate future insurance. The property’s pricing must be assessed against the demonstrated market tolerance for these risks in Loch Sport. The six-day listing period suggests a need for careful due diligence on recent comparable sales to validate the asking price against true market movement. Given the 2006 last sale date, any capital growth has been unrealized by the previous owner, presenting a potential entry point, but the illiquid nature of the suburb demands a long holding period. Acquire only with the intent to hold for a decade or more, leveraging the land attributes, while budgeting for overlay-related expenditures. A direct comparison is provided by 68 Campbell Street, a smaller 646 square metre block on the same street currently off-market. While specific sale prices for recent transactions are not detailed in the provided extracts, the availability of a Statement of Information from the agent indicates other comparable sales exist for review. The key value inference for the subject property is that its 23% larger land parcel and water view positioning should command a premium over the smaller, standard lot, but this premium must be quantified against actual settled sales, not listing aspirations.