Contact Agent For Address, Wye River, VIC 3234 | House for sale | OnTheHouse
 
FOR SALE
$1,900.000

Contact Agent For Address
Wye River VIC 3234

Bedrooms: 4
Bathrooms: 3
Car spaces: -
Floor area: 240m2
Land area: 821m2
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Architect-Designed Coastal Residence by Cera Stribley | Major Works Complete

A rare opportunity to secure an architect-designed luxury residence in one of the Great Ocean Road's most sought-after locations. Designed by renowned architectural practice Cera Stribley, this exceptional property presents the opportunity to complete a landmark coastal home to your own specifications.
Positioned high above Wye River to capture breathtaking ocean views from both levels, the residence has been thoughtfully designed to maximise natural light, privacy and the spectacular coastal outlook.
The property benefits from all relevant Planning and Building Permits being in place, providing confidence for the incoming owner and allowing the project to continue without the delays and uncertainty often associated with obtaining approvals. Construction to date has been undertaken by a registered builder and completed to a high standard.
Significant progress has already been achieved, with the structural frame completed and the Frame Stage Inspection successfully passed and approved by the Building Surveyor. Substantial site works have also been completed, including retaining walls, driveway access and the onsite wastewater land application area, reducing both risk and construction time for the incoming owner.
A key point of difference is the home's robust construction methodology. Unlike many residential properties in the area, the residence has been designed and constructed using a combination of structural steel, concrete and blockwork, creating a level of durability rarely seen on elevated coastal sites in Wye River. More akin to a commercial-grade structure than a conventional timber-framed home, this approach provides exceptional strength, longevity and resilience in a challenging coastal environment.
The substantial construction system has also been carefully considered for the site's elevated setting, delivering enhanced stability and providing confidence in relation to bushfire resilience and land-slip considerations when compared with more traditional construction methods.
The home has been designed to accommodate either a four-bedroom layout or a three-bedroom plus home office configuration, offering flexibility for permanent living, luxury holiday accommodation or a premium investment opportunity.
For builders, developers and sophisticated investors, this represents a rare opportunity to acquire a partially completed, architect-designed coastal residence with the potential to create a landmark home in Wye River. Based on current estimates, a purchase at approximately $1.9 million and completion costs of around $650,000 has the potential to compare favourably with an expected completed value in the order of $3 million, subject to market conditions and purchaser due diligence. Potential luxury holiday rental income of approximately $150,000 plus per annum*
Whether you are a builder seeking your next premium project, an investor looking to unlock significant value, or a buyer wishing to create a world-class coastal retreat, this property offers a unique combination of location, design excellence and construction progress.
The property's elevated position captures spectacular coastline and ocean vistas, creating the foundation for an extraordinary Great Ocean Road residence. With many of the difficult and costly early works already complete, a rare opportunity exists to bring an exceptional architectural vision to life in one of Victoria's most tightly held coastal communities.
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Property Details for Contact Agent For Address, Wye River

Contact Agent For Address, Wye River is a 4 bedroom, 3 bathroom House. The property has a land size of 821m2 and floor size of 240m2. The place is currently for sale with SaleByHomeOwner.com.au.

Building Type
House
Floor Size
240m2
Land Size
821m2
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About Wye River 3234

The size of Wye River is approximately 35.8 square kilometres. There are 3 parks, covering nearly 127.0% of the total area. The population of Wye River in 2016 was 63 people. By 2021 the population was 67 showing a population growth of 6.4% in the area during that time. The predominant age group in Wye River is 60-69 years. Households in Wye River are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Wye River work in a labourer occupation.In 2021, 76.90% of the homes in Wye River were owner-occupied compared with 61.50% in 2016.

Wye River has 381 properties. Over the last 5 years, Houses in Wye River have seen a -1.12% decrease in median value, while Units have seen a -21.21% decrease. As at 31 August 2026:

  • The median value for Houses in Wye River is $947,282 while the median value for Units is $681,271.
There are currently 1 property listed for sale, and no properties listed for rent in Wye river on OnTheHouse. According to Cotality's data, 8 properties were sold in the past 12 months in Wye river.

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