Mortgagee Exercising Power of Sale Incredible Opportunity Near the Beach!
Calling all builders, renovators, or investors! This substantial 2-storey frame dwelling presents a rare opportunity to complete and customise your dream home, holiday escape, or future investment. Located just approx. 200 metres from a safe swimming beach, this property sits on a generous 519m (approx.) block in a sought-after pocket of Coronet Bay.
Property Features:
- Framework in place for a large 4-bedroom, 2-bathroom, 2-car home (exact internal configuration and inclusions not confirmed)
- Positioned in a quality estate surrounded by established homes
- Quiet beachside town offering a peaceful lifestyle
Location Highlights:
- Walk to general store, pharmacy, playground, BBQ area, and scenic coastal walking tracks
- Approx. 4km to Corinellas 24-hour boat ramp perfect for fishing enthusiasts
- Just 25 minutes to major shopping centres and Phillip Island
- Easy commute to Melbourne via dual-lane highway
Whether youre looking to create your forever home or invest in a high-potential area, this project offers serious value and location appeal.
Note: As the sale is under mortgagee conditions, internal layout and inclusions are not verified.
Disclaimer - We have obtained all information in this document from sources we believe to be reliable. However, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. www.1stchoiceestateagency.com.au
Property Code: 2706
The size of Coronet Bay is approximately 5.0 square kilometres. It has 4 parks covering nearly 2.8% of total area. The population of Coronet Bay in 2016 was 791 people. By 2021 the population was 1108 showing a population growth of 40.1% in the area during that time. The predominant age group in Coronet Bay is 60-69 years. Households in Coronet Bay are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Coronet Bay work in a trades occupation.In 2021, 77.10% of the homes in Coronet Bay were owner-occupied compared with 71.90% in 2016.
Coronet Bay has 1,307 properties. Over the last 5 years, Houses in Coronet Bay have seen a 12.07% increase in median value. As at 28 February 2026:
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