It’s the location at 57 The Esplanade that counts but in its present condition, it’s a bargain at $790,000.
THE popular seaside town of Inverloch has continued to grow, even through the downturn that followed the Global Financial Crisis of the previous decade.
Its proximity to Melbourne, safe surf beach, café culture, good amenities, friendly community and variety of water sports are among the attributes which have proved attractive to locals and newcomers alike.
However, while there have been some delightful new estates opened up in the town in recent times, there’s one thing they’re not creating more of at Inverloch and that’s frontage to the foreshore, either on The Esplanade side to the east of the CBD, or along Ramsay Boulevard and Surf Parade to the west.
It’s an area that has retained its value and keen level of interest.
But opportunities do crop up and such is the case at the moment.
And one agent with a varied and interesting selection of beachfront properties at the moment is Blair Hodges and the team at Southcoast First National.
Not only have they been given the task of marketing the iconic residential development site along the foreshore, the former Mollers’ Caravan Park site, which was recently excavated for development right in the heart of town, but they also have a strong selection of properties along The Esplanade and Surf Parade.
“This it’s a fantastic location (Venus Street/Ramsay Boulevard) right on the foreshore, with stunning views and close to the shops,” Mr Hodges said this week.
“At the moment we’re selling the five blocks in Venus Street, starting at $650,000 but there’s only going to be 17 blocks sold in all and then it’s gone.”
Mr Hodges predicted there would be some stunning homes built there, ideally suited to the retirees.
“The ideal thing would be to have your home here in this great location for most of the year and then lock it up and go away for a couple of months in complete confidence.”
Mr Hodges said the homes were also like to generate good income for their owners.
“It will be exciting to see this area develop and become one of the most desirable residential locations in the town.”
Also on the foreshore
From The Esplanade in the east to Surf Parade in the west, there’s a selection of others to consider. Here’s just a few:
• 57 The Esplanade: This one is a developer’s dream boasting low entry cost at $790,000 with the potential of joining the best homes along ‘millionaires row’ for a fraction of the cost.
“We had some plans drawn up to give the potential buyer an idea of what could be achieved and going by the prices that have been paid here in recent times, this is very good buying,” Mr Hodges said.
• 23 The Esplanade: Here’s low maintenance heaven in a modern, luxury townhouse close to the shops with master bedroom and parents’ retreat, two double bedrooms, home cinema, office, amazing kitchen and entertaining areas, all for just $1.1 million. Live here during the better weather then you’re gone!
• 106 Surf Parade: Just on the market is a five-bedroom property in the best part of Inverloch’s surf beach which, predictably is being marketed as ‘a surf side sanctuary’. At an asking price of $950,000, the home would clearly be an excellent holiday rental proposition with plenty of potential.
For more suggestions on how to get a foothold on Inverloch’s foreshore, contact Blair Hodges or the sales team at Southcoast First National, phone 5674 2255 or call in and see them at 1B A’Beckett Street, Inverloch today.