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8 Hilary Avenue

McCrae, VIC 3938, Australia
$950,000
3 bed 1 bath 4 car693m²

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Area Price Guide
$893,000$1.01m

Indicative price guide range

🏘️
89
Comparable
📊
$880,000
Area median
⚖️
+8%
vs median
📐
$1,371
Per m²
📏
693 m²
Land
🗓️
1 week ago
Listed

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About this property

Perfectly balancing effortless comfort, natural light and relaxed coastal charm, this immaculately presented brick residence offers an exceptional opportunity not only as a ready-to-move-in home, but also as a potential future development or subdivision site (STCA). Set on a generous allotment framed by established gardens, the property presents scope for buyers, investors or developers to explore value-add options in a tightly held beachside pocket. Designed for immediate enjoyment, the light-filled open-plan living and dining domain is enhanced by large picture windows that draw the outdoors in, creating a warm and inviting coastal atmosphere. The modernised kitchen sits at the heart of the home, featuring updated finishes, excellent storage and seamless connection to the main living zone for easy everyday living. Accommodation comprises three generous bedrooms, all with built-in robes, Remote Block out blinds serviced by a freshly updated central bathroom. A separate laundry enhances practicality, while split-system heating/cooling and gas heating ensure year-round comfort. Outdoors, the property continues to impress with a spacious backyard, established gardens and a private patio area-offering both immediate lifestyle appeal and future flexibility. The land component may also present potential for redevelopment, extension, or possible subdivision (STCA), subject to council approval and relevant planning regulations. Buyers should also note that any future development or secondary dwelling strategy may have tax implications, including the potential for significant negative gearing considerations depending on structure and use. Ample off-street parking with a large gargen shed that provides further functionality, supporting storage, workshop or hobby use while longer-term plans are considered. Positioned close to beaches, shops, schools and lifestyle amenities, this is a rare opportunity to secure a property that delivers both immediate livability and long-term strategic upside in one of the Mornington Peninsula's most desirable coastal corridors. Property Highlights: Three generous bedrooms with built-in robes & electric twin blockout blinds Light-filled open-plan living and dining area Modernised kitchen with updated finishes and excellent storage Second separated toilet off the main hall Freshly updated central bathroom with its own toilet Separate laundry with outdoor access Split-system heating/cooling plus Newly installed Log Gas heater Large windows enhancing natural light and coastal feel Spacious backyard with established gardens and patio New Toolshed suitable for storage, workshop or hobby use Ample off-street parking with rear parking allocation. Strong potential for redevelopment or subdivision (STCA) Ideal for investors, developers or long-term land banking Lifestyle & Location Highlights: Approx. 2 mins to McCrae Foreshore Beach & Bay Trail Approx. 3 mins to McCrae Plaza, cafés and daily conveniences Approx. 5 mins to Rosebud shopping precinct and cinema Approx. 6 mins to Dromana café and dining strip Approx. 7 mins to Arthurs Seat Eagle Approx. 10 mins to Peninsula Hot Springs Approx. 10-15 mins to multiple golf courses including The Dunes and Moonah Links Close to wineries, restaurants and cellar doors in Red Hill and Main Ridge Easy access to Peninsula Link for commuting to Melbourne CBD Disclaimer: Any development, subdivision or additional dwelling potential is subject to council approval and all relevant planning regulations (STCA). Buyers are advised to seek independent planning and accounting advice regarding feasibility, structuring, and potential taxation implications, including but not limited to negative gearing and investment treatment of any secondary dwelling or future development outcomes.

Property Features

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    Repayment calculator

    $4,606/month
    $2,303 /fortnight
    Loan $760,000 at 6.10% over 30 years

    Upfront costs

    Deposit$190,000
    Stamp duty$52,070
    Conveyancing (est.)$2,000
    Total upfront$244,070
    Verify with VIC revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    3
    Bathrooms
    1
    Parking
    4
    Land Area
    693m²
    Listed
    1 week ago

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