77 Stewart Street, Port Welshpool VIC 3965
77 Stewart Street, Port Welshpool VIC 3965
2-bed shack on ~1,024m² flat block | walk to beach, boat ramp, jetty, pub | rare large coastal parcel | renovate or rebuild | thin market.
A 2-bedroom beach shack on a generous 1,024m² block is considered a uncommon find in this tightly held coastal pocket, where most improved properties are presented as renovated holiday homes. The land is the real attraction, offering flat, usable space for boat storage, a caravan, or a much larger shed, and the short walk to the beach, boat ramp, long jetty, and pub places it squarely in a relaxed recreational setting. It is best suited to buyers chasing a low-cost weekender or a hands-on renovation project with strong land value underneath.
The existing house may need significant spending before it is comfortably usable, and a full makeover or rebuild could add considerable cost that must be weighed against the purchase price. Market depth is limited, with few settled sales and a longer average selling period, so future resale might take more time than in busier coastal towns. Flood risk may be a local consideration, and this could influence insurance premiums or lending appetite, which should be checked early.
>> Comparable Sales: similar 3-bed houses on ~1,000m² blocks in Port Welshpool sold $350K–$420K recently | Property Price Band: $300K–$400K | Value Drivers: land size, beach proximity, renovation scope
Detailed Independent Property Report prepared by PropCred Analyst team for 77 Stewart Street, Port Welshpool VIC 3965
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Port Welshpool is a niche coastal locality in South Gippsland where demand is led by retirees and lifestyle buyers aged 60–69, drawn to the fishing industry and holiday-home appeal. The market is thin: nine house sales in the past year and a 0.27% vacancy rate, but stock swings are extreme (183% year-on-year) and houses sit 149 days on market. Median prices have fallen 30.4% annually to $435,000, signalling buyer caution. Gross rental yields near 4% for houses and 4.8% for units support investor interest, yet limited transport, no local schools, and reliance on nearby Foster constrain broader appeal. Future growth depends on downsizer inflows and coastal lifestyle demand, while low sales volume and regional price sensitivity remain key risks.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
1024m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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