29/300 Clifton Avenue
Leopold, VIC 3224

This established two-bedroom home in the Pelican Shores Estate presents a wonderful opportunity for those seeking a relaxed, low-maintenance lifestyle within a vibrant over-50s community. Located just moments from the picturesque Corio Bay in Leopold, this property offers downsizing without compromise, combining spacious living with a strong sense of community.

Pelican Shores is nestled in a peaceful and quiet area of Leopold, mere metres from the boat ramp and boardwalk overlooking Corio Bay. The home itself impresses with a clever and spacious layout, featuring soaring ceilings and solid timber floors throughout the open-plan kitchen, dining, and living areas. Tinted windows and protective all-weather blinds ensure comfort year-round, complemented by reverse-cycle air conditioning.

The kitchen is well-appointed with near-new appliances and ample storage, making entertaining effortless. There is generous space to accommodate guests, whether in the second bedroom or on the paved alfresco area equipped with café blinds. The master bedroom benefits from direct access to a Jack-and-Jill bathroom designed with wide spaces for accessibility, along with a separate second toilet. Additional practical features include a Euro-style laundry and a fully enclosed carport.

The village lifestyle enhances the appeal of this home, offering a range of amenities for both active and comfort-seeking residents. Facilities include a swimming pool, bowling green, gym, dog park, communal lounge with billiard room, theatre, and a fully equipped kitchen, ensuring there is always something to enjoy and opportunities for social connection.

Immaculately maintained and ready for immediate occupancy, this property provides an exceptional chance to downsize in style without sacrificing space, community, or lifestyle. Benefits include affordable pricing through residential site agreements, no stamp duty or council rates, and exclusive access to the village’s facilities and services. The home is secure, social, and ideally positioned by the water, offering a desirable lifestyle.

Residents at Pelican Shores Estate enjoy no stamp duty payments, no exit fees, and no council rates. Pension holders may be eligible for rent assistance, subject to individual concessions.

Utility costs for 2024 are estimated as follows: water expenses total $285 with a claim back of $135 resulting in $150, and combined electricity and gas costs are $1,749 with a claim back of $458 plus $1,291, leading to total utility savings of $593.

The property has demonstrated strong capital growth, increasing from a 2022 purchase price of $355,000 to a 2025 asking price of $480,000, representing an approximate 35.2% market uplift. Rental estimates suggest a weekly return of $500, providing investors with a 5.4% yield based on a $480,000 purchase price.