97 Glomar Drive, Glomar Beach VIC 3851

97 Glomar Drive, Glomar Beach VIC 3851
Coastal land parcel | Off-grid potential | Lifestyle demand | Building permission key | Low-density setting The property sits within a coastal pocket where demand is driven by lifestyle buyers seeking space, privacy, and beach proximity rather than conventional housing stock. Its likely configuration as a large, lightly improved lot aligns with the area’s character of semi-cleared, nature-oriented parcels, making it well suited to buyers planning a custom build or self-sufficient retreat. The scarcity of improved dwellings in the locality means this type of holding holds appeal for those wanting to shape their own coastal outcome, with value tied more to land attributes and development flexibility than to existing structure. Value may be influenced by the clarity of planning and building permissions, as these determine how readily the land can be realised into a dwelling. The absence of established rental evidence suggests limited income potential, which might narrow buyer interest to owner-occupiers or long-term holders. Coastal proximity and block size could support a premium, but buildability constraints or title conditions might temper the price. Buyers should weigh the cost of site preparation, access, and any environmental overlays when forming a view on fair value. || Comparable Sales: 116–122 Glomar Drive sold at $149,000; 1591 Shoreline Drive sold at $160,000 | Property Price Band: $100K–$200K | Value Drivers: Land size, planning status, coastal access
Detailed Independent Property Report prepared  by PropCred Analyst team for 97 Glomar Drive, Glomar Beach VIC 3851
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ! 1
Income Risk ! 1
Execution Risk ! 1
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Market Insight

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PropCred Estimated Value

Comparable Sales: 116–122 Glomar Drive sold at $149,000; 1591 Shoreline Drive sold at $160,000 | Property Price Band: $100K–$200K | Value Drivers: Land size, planning status, coastal access

Bedrooms

2

Bathroom

1

Parking

-

Land

2764m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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