Renovator’s Opportunity on a Spacious Corner Block in Costal St Leonards

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23 Doongara Avenue, St Leonards VIC 3223

$520,000-$550,000

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$520k - $546k Transparent Transparent Listing Based on an openly advertised listing price.

House 2 Beds 1 Bath 1 Car 720 m² 137 m²

Listed: 51 days ago

Updated: 38 days ago

Overview

Placed on a substantial 720 square metre corner allotment in the coastal precinct of St Leonards, this original two-bedroom house offers an exciting canvas for a variety of buyers, including renovators, builders, and investors. The generous land size and corner position provide a rare opportunity for extension, renovation, or redevelopment, subject to council approval.

The existing prefab home presents foundational accommodation with two bedrooms, a bathroom, and a single garage, providing a functional living space. The generous floor area of 137 square metres means there is ample room to reimagine and expand the property to suit personal preferences and lifestyle needs.

Positioned conveniently in St Leonards, the home appeals to those seeking a solid foothold in a sought-after location, combined with the potential to create a bespoke residence or investment asset. This site offers scope for creativity, making it ideal for those looking to customize or rebuild in a vibrant community setting.

Key benefits include:

Spacious 720 sqm corner block offering flexibility in development or enhancement
The foundational two-bedroom prefab home allows for various renovation or rebuilding opportunities
Excellent potential for redevelopment subject to council approval, catering to different investment or lifestyle goals
Conveniently located in St Leonards, combining coastal lifestyle benefits with accessibility

This property provides a compelling balance between size, location, and development potential, ideal for buyers ready to invest in value-adding projects within a growing coastal community.

Local Market Insights

In St Leonards, Quiet Listings observed 35 new houses entering the market over the last 30 days, down from 48 during the previous 30-day period, with an average advertised asking price of $814,143. The property type mix of listed properties is predominantly Houses at 72%, followed by land (22%), and units (4%). The most active agency for houses in the St Leonards area is currently Neville Richards Real Estate, representing 37% of new listings, followed by Stockdale & Leggo with 20%. 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.