11 Great Ocean Road, Apollo Bay, VIC 3233 | House for sale | OnTheHouse
 
FOR SALE
$950,000 - $1,000,000

11 Great Ocean Road
Apollo Bay VIC 3233

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Land area: 676m2
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Invest, Landbank or Develop – Rare Great Ocean Road Opportunity

Positioned along one of Australia’s most renowned coastal destinations, 11 Great Ocean Road, Apollo Bay presents a rare investment and development opportunity just meters from the shoreline. Set on 676m² (approx.), the site has previously been subdivided and offers scope for future re-subdivision or redevelopment (STCA). Currently returning income from two fully self-contained one-bedroom residences, the property provides a reliable holding return while investors explore long-term development, land banking, or value-add strategies.
Maximizing a premium position with elevated outlooks across the Great Ocean Road and filtered ocean views, the property blends short-term earning capacity with long-term growth potential. Currently operating successfully as an Airbnb, it provides investors with immediate returns and flexibility to pivot to permanent rental, reconfiguration, or redevelopment.
Just a short walk to Apollo Bay’s vibrant township, retail, and dining, this property represents one of the few remaining tightly held, income-producing parcels along the iconic Great Ocean Road.
Considered: Residence One – Open-plan living/dining, full kitchen, spacious bedroom and bathroom, timber flooring, split-system heating/cooling, private courtyard, and off-street parking.
Residence Two – Large bedroom and bathroom, bright living/dining, well-appointed kitchen, and off-street parking.
Both residences are functional, well-maintained, and tenanted via short-stay accommodation – underpinning strong cash flow potential while investors and developers assess next steps.
Close By Facilities: Just footsteps from Apollo Bay Beach and moments from the township’s retail and hospitality hub, the property is surrounded by established amenity including golf course (250m), harbour, boutique shops, and the Great Ocean Walk. With continued growth in both domestic and international tourism along the Surf Coast, this location offers strong fundamentals for capital appreciation and rental demand.
Ideal For: Astute investors seeking holding income with development upside, developers exploring dual-occupancy or multi-residential projects, or land-bankers looking to secure a rare parcel in a high-demand coastal growth corridor.
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Property Details for 11 Great Ocean Rd, Apollo Bay

11 Great Ocean Rd, Apollo Bay is a 2 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 676m2. The place is currently for sale with Oslo Property.

Building Type
House
Land Size
676m2
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About Apollo Bay 3233

The size of Apollo Bay is approximately 87.1 square kilometres. It has 18 parks covering nearly 52.7% of total area. The population of Apollo Bay in 2016 was 1598 people. By 2021 the population was 1790 showing a population growth of 12.0% in the area during that time. The predominant age group in Apollo Bay is 60-69 years. Households in Apollo Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Apollo Bay work in a managers occupation.In 2021, 67.80% of the homes in Apollo Bay were owner-occupied compared with 64.50% in 2016.

Apollo Bay has 2,690 properties. Over the last 5 years, Houses in Apollo Bay have seen a 38.24% increase in median value, while Units have seen a 1.56% increase. As at 30 November 2025:

  • The median value for Houses in Apollo Bay is $993,041 while the median value for Units is $519,438.
  • Houses have a median rent of $540 while Units have a median rent of $505.
There are currently 48 properties listed for sale, and 2 properties listed for rent in Apollo bay on OnTheHouse. According to Cotality's data, 75 properties were sold in the past 12 months in Apollo bay.

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Trinity Paderno
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Michael Marmora
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Oslo Property
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