9 Gully Road Lake Tyers Beach VIC 3909

2-bedroom house | 657sqm lot | Lake Tyers Beach | 88sqm internal | single garage This property’s competitive strength lies in its generous land-to-building ratio. The 657sqm lot on a quiet coastal street offers a buyer the rare opportunity to expand, reconfigure, or redevelop while holding a low-maintenance 88sqm house in the interim. The two-bedroom, one-bathroom configuration serves downsizers, investors, or first-time buyers seeking a foothold in Lake Tyers Beach without paying a premium for space they do not need. The single garage and internal area are modest but functional, and the property’s positioning on a street with 23 properties suggests established, stable demand rather than speculative turnover. This house suits a buyer who values land leverage over immediate finish. The primary risk is the dated condition implied by the 2018 sale price and the current listing above estimated value, which may require capital for updates or compliance. The buyer pays for land potential, not turnkey living. The commercial opportunity is to hold, improve selectively, and benefit from land appreciation in a coastal market with constrained supply. Do not overpay for the house; pay for the site and treat the dwelling as a placeholder.