18 Petrel Ave

Positioned in one of the Fleurieu Peninsula's most sought-after coastal pockets, this outstanding property offers a rare combination of lifestyle, proven holiday income, and future development potential 16B,18 & 20 Petrel Ave available- all just moments from the pristine shores of Encounter Bay. Wake to sea breezes and unwind with breathtaking coastal surrounds. Located just a short stroll to the beach, this beautifully renovated and landscaped 4-bedroom home captures the essence of relaxed seaside living. Enjoy nearby attractions including the Heysen Trail, whale watching, coastal walks, and the natural beauty of the Fleurieu Peninsula - all within easy reach.Flexible Living & Entertaining Thoughtfully designed across two levels, the home offers space, comfort, and versatility: Downstairs: - Spacious main bedroom overlooking a private, landscaped yard - Light-filled open-plan kitchen, dining, and living area - Well-appointed kitchen with ample storage, bench space & dishwasher - Neat bathroom + separate toilet - Functional laundry with external access - Split system air conditioning Upstairs: - Second living area / retreat - Two bedrooms with built-in robes - Fourth bedroom or home office - Handy kitchenette - ideal for dual living or guests - Additional bathroom + separate toilet Outdoors: - Expansive entertaining deck - Fully fenced backyard - perfect for families and pets - Large rumpus room (games room, gym, or studio) - Secure single garage Previously operated as Petrel Lodge, the property boasts strong holiday rental performance with excellent 5-star Google reviews, making it an attractive turnkey investment or income-producing coastal retreat. A standout feature of this offering is its significant development upside: - Potential for two detached and three attached dwellings (STCC) - Option to subdivide and sell off vacant land known as 16B (approx. 450m²) This flexible configuration makes it ideal for developers, investors, or land bankers seeking future growth in a tightly held coastal location. Development Potential (STCC). Perfectly suited to interstate buyers, this is your chance to secure an affordable coastal asset with: - Lifestyle benefits - Income potential - Long-term development upside A rare opportunity to secure a premium coastal holding with multiple income and development pathways. Opportunities of this calibre, combining immediate lifestyle enjoyment, established rental income, and genuine development potential, are rarely offered in Encounter Bay. Whether you're seeking a premium holiday home, a high-performing investment, or your next development project, this property delivers on every level. With strong demand for coastal assets across South Australia, particularly from interstate buyers, properties with this level of flexibility and upside are tightly held and highly sought after. Secure the existing rental income stream, landbank for the future, or explore the full development potential (STCC) with the adjoining allotment, the choice is yours. Act quickly to avoid missing this unique opportunity. SPECIFICATIONS CT - 6003/213 Land Size - 889sqm Council - Victor Harbor Year Built - 1970 All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Property Code: 310