87 St Pauls Road, Sorrento VIC 3943

Large coastal block in tightly held pocket | Renovation or rebuild potential STCA | Bushfire overlay | Moments to Sorrento village and beaches This property presents a rare opportunity to secure a substantial landholding in a desirable, tightly held Sorrento location. Its 1115m² lot size is competitively strong for the area, offering clear potential for renovation, extension, or redevelopment, subject to council approval. The functional existing house provides immediate utility, but the primary value lies in the land’s future potential. This property best serves a buyer seeking a coastal lifestyle base with the flexibility to create a long-term home or a future development project, capitalising on its proximity to the village and beaches. The decision hinges on navigating the bushfire overlay, which will impose specific construction costs and compliance hurdles, and the suburb’s recent negative growth trend. The commercial logic is in the land’s scarcity and the optionality it provides; the existing house generates a modest rental yield to partially offset holding costs. Acquire this property as a long-term land bank or a renovation project, not for short-term speculative gain, with a plan that fully budgets for overlay-related development expenses.