Reduced Price - Unique Development Opportunity – 1,690m² (approx.)

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48 Ward Street, St Leonards VIC 3223

$820,000

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$820k - $861k Transparent Transparent Listing Based on an openly advertised listing price.

House 2 Beds 1 Bath 1 Car 1690 m²

Listed: 20th Jul 2026

Updated: 7 hours ago

Overview

Nestled in the tightly held coastal enclave of St Leonards, this property presents a compelling proposition for those with a vision for the future. The expansive 1,690 square meter parcel offers remarkable development potential (subject to council approval), making it an attractive prospect for developers, investors, or families desiring ample outdoor space to accommodate growth.

The existing home exudes warmth, blending character with practicality. Inside, polished timber floors create an inviting ambiance across two spacious living areas, providing versatile options for relaxing or entertaining. The open-plan kitchen, dining, and living spaces act as the home's heart, complemented by sliding doors that reveal a semi-enclosed, undercover alfresco area. Equipped with weather protection blinds and a solid-fuel heater, this zone affords comfortable year-round use, ideal for social gatherings or tranquil reflection.

The residence includes two generously sized bedrooms with built-in robes, serviced by a modern centrally located bathroom and a separate toilet. Convenience extends to a single carport, while the large rear yard is a standout feature, offering vehicle storage capabilities and the potential to explore multi-unit development opportunities that have seen success elsewhere in the street.

Mature trees enhance the property’s sense of privacy and tranquility, crafting a serene garden backdrop perfect for outdoor activities or peaceful summer barbecues. Located just moments from the bay and the amenities of St Leonards township, the site benefits from easy access to schools, shops, and transport, ensuring everyday convenience.

Built-in robes for functional bedroom storage
Polished timber floors enhancing warmth and character
Year-round alfresco entertaining space with weather protection
Single carport offering practical off-street parking
Spacious garden with mature trees and room for boats or caravans

This rare offering combines lifestyle potential with development promise, catering to diverse buyer aspirations in an enviable coastal setting.

Local Market Insights

In St Leonards, Quiet Listings observed 34 new houses entering the market over the last 30 days, down from 49 during the previous 30-day period, with an average advertised asking price of $847,647. The property type mix of listed properties is predominantly Houses at 71%, followed by land (24%), and units (2%). The most active agency for houses in the St Leonards area is currently Neville Richards Real Estate, representing 35% of new listings, followed by Stockdale & Leggo with 18%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.