46 Gambier Street, Apollo Bay, VIC 3233 | House for sale | OnTheHouse
 
FOR SALE
New price $975,000

46 Gambier Street
Apollo Bay VIC 3233

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 118m2
Land area: 1013m2
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BE INSPIRED, BE BOLD - THIS IS POTENTIAL

Set on a generous 1,014sqm land parcel overlooking Marengo Beach, this long-held family property offers an increasingly rare chance to take on a home with real history, or a magnificent site for future development. Offered for the first time in generations, it’s ready for a new chapter.
The home is original and needs some love, but it has solid bones and plenty of character to work with. Inside, you will find large stately rooms, high ceilings, original Baltic pine floorboards, and original fireplaces full of character, while the master bedroom retains a beautiful pressed metal ceiling. For those who appreciate older homes and are prepared to take on a project, there’s a real opportunity here to restore these classic elements and create something meaningful over time.
Alternatively, for those choosing to develop instead of renovating, the property offers incredible scope. With the incredibly rare benefit of having no heritage overlay or listing, you are presented with a blank canvas, made even more appealing by the fact that there is no minimum lot size for future development (STCA).
There is already a lovely outlook over Marengo Beach, and with the potential for a second storey (STCA), the views could become truly exceptional - stretching from Marengo right through to Point Bunbury.
Positioned in one of Apollo Bay’s most tightly held streets, the property is within walking distance to the town centre, beach and foreshore, and close to the golf course and Point Bunbury. It’s a location that continues to hold strong appeal.
The home also carries genuine historical significance, with ties to early settler families in the area and a history stretching back to the 1800s. Built from locally milled timber and evolving over many years, it has been held by the same family for multiple generations.
This is very much a project home and not move-in ready, but for the right buyer, it represents a rare chance to restore or completely reimagine in a premium Apollo Bay location.
GOODLIFE HIGHLIGHTS
• 1,014sqm land parcel overlooking Marengo
• Incredible development potential with no minimum lot size and no heritage overlay
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Property Details for 46 Gambier St, Apollo Bay

46 Gambier St, Apollo Bay is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 1013m2 and floor size of 118m2. The place is currently for sale with Goodlife Local Real Estate.

Building Type
House
Floor Size
118m2
Land Size
1013m2
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About Apollo Bay 3233

The size of Apollo Bay is approximately 87.1 square kilometres. There are 18 parks, covering nearly 52.7% of the 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 2,684 properties. Over the last 5 years, Houses in Apollo Bay have seen a -3.88% decrease in median value, while Units have seen a 2.02% increase. As at 31 August 2026:

  • The median value for Houses in Apollo Bay is $874,380 while the median value for Units is $595,455.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 45 properties listed for sale, and 2 properties listed for rent in Apollo bay on OnTheHouse. According to Cotality's data, 66 properties were sold in the past 12 months in Apollo bay.

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Trish Goodlet
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Trisha O'Donnell
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