85 Panorama Drive, Mount Martha VIC 3934
85 Panorama Drive, Mount Martha VIC 3934
New build in progress | 5 ensuite bedrooms | 1,135m² land | Pool, spa, views | Bushfire overlay noted
What makes this property stand out is the scale of the transformation underway. The original 1984 house is being replaced by a 537m² double-storey residence with five bedrooms, each with its own ensuite, plus three living areas and two study spaces. That is a rare configuration for Mount Martha, where most homes are older single-storey stock. The land itself is generous at over 1,100m², and the north-west orientation to the backyard, combined with water and city views, gives it a lifestyle edge that suits families wanting space, privacy, and room for multi-generational living or working from home. The low building coverage of the original lot means there is substantial outdoor room for landscaped gardens and the automated pool and spa. This property is best suited to a buyer looking for a finished, high-spec coastal home without the wait of building themselves, provided they are comfortable with the construction timeline and the bushfire overlay that applies to the site.
The bushfire overlay is the main factor that might influence value, as it can affect design compliance, insurance costs, and future approvals. The property is in a premium coastal pocket where larger lots and view-oriented homes command strong prices, and the rebuild positions it at the upper end of that spectrum. The finished floor area, ensuite-heavy layout, and pool are likely to be the strongest value drivers, while the completion quality and landscaping will matter when comparing it to other new homes in the area. Buyers should weigh the certainty of a finished product against the premium typically paid for new builds in established suburbs.
|| Comparable Sales: 44 Panorama Drive sold $1.255M in 2022; 91 Panorama Drive listed $4.4M–$4.8M | Property Price Band: $3.5M–$4.5M | Value Drivers: New 537m² build, 5 ensuite bedrooms, pool/spa and views
Detailed Independent Property Report prepared by PropCred Analyst team for 85 Panorama Drive, Mount Martha VIC 3934
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
URL has been copied successfully!
Market Insight
Mount Martha is a tightly held coastal suburb dominated by established owner-occupier families, drawn by its lifestyle and proximity to Melbourne. Demand is driven by this demographic seeking quality family homes, though high prices present an affordability constraint. Recent market conditions show divergent trends, with house prices experiencing some volatility while the unit segment has seen mixed performance. Future growth is underpinned by the limited new supply and enduring appeal of the peninsula location, yet the market remains sensitive to broader economic pressures.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 44 Panorama Drive sold $1.255M in 2022; 91 Panorama Drive listed $4.4M–$4.8M | Property Price Band: $3.5M–$4.5M | Value Drivers: New 537m² build, 5 ensuite bedrooms, pool/spa and views
Bedrooms
4
Bathroom
3
Parking
2
Land
1135m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!