Address
30 Burnell Street, Mount Eliza, VIC 3930
Investment Strategy
Renovator
Development Timeline
Property Purchased
Property Sold
About the Property
Unique Cottage-Style Hoobler Stone & Cedar Home
This character-filled Hoobler Stone & Cedar home, set on approximately 1100sqm, is a true gem offering a rare opportunity for buyers. Located just moments away from Mt Eliza village and the picturesque Moondah Beach, this home is steeped in originality and charm.
Built in the 1980s as the builder’s personal residence, this home features distinctive hardwood doors sourced from the former Barnes Honey factory in Richmond and striking timber elements from the old wool stores in Geelong.
Spanning two inviting levels and nestled within well-established gardens, the home comprises an inviting lounge/dining room with a cozy fireplace and an impressive bar. The central, well-equipped cedar & jarrah kitchen is a focal point, complemented by a casual meals area and a family room that opens onto the alfresco deck, providing serene views of the private gardens beyond.
Invaluable additions include a ground floor study and a library/4th bedroom, while three more bedrooms are positioned upstairs, including a tranquil master bedroom complete with an ensuite and a sitting area featuring a delightful fireplace.
Practical features such as ducted heating, multiple split systems, a laundry with a separate WC, and a double auto garage add to the home’s appeal.
Beyond the home’s undeniable charm lies the exciting potential of the land itself (subject to council approval), making this property a significant investment opportunity.
This exceptional piece of beachside Mt Eliza is perfectly situated within moments of everything the suburb is renowned for. With a selection of primary schools, Toorak College, the Peninsula Grammar, boutique shopping, and fine dining options just a stone’s throw away, this property offers the very best in family living.
From the raywhite.com listing
Development Stats
2023
262
495
About the Suburb
Overview: Nestled on the picturesque Mornington Peninsula, Mt Eliza is a tranquil and sought-after suburb known for its natural beauty, coastal charm, and family-friendly atmosphere. With a population of approximately 18,734 residents and 6,879 dwellings, this suburb offers a serene lifestyle with a touch of sophistication.
Residential Landscape: Mt Eliza boasts a predominantly owner-occupied community, with a substantial 86% of residents proudly calling this suburb home. The IQR % Median of 43% reflects a diverse range of property prices, catering to various preferences. Properties in Mt Eliza tend to spend an average of 44 days on the market (DOM), indicating a measured and balanced real estate market.
Education Excellence: Education is a top priority in Mt Eliza, with an impressive ICSEA School Score of 83.25. This score underscores the presence of esteemed educational institutions, making the suburb a desirable choice for families seeking top-notch schooling opportunities.
Property Market: The median property price in Mt Eliza stands at $1.68 million, reflecting the suburb’s status as a prestigious and sought-after residential area. The recent % growth rate of -4.3% suggests a stable and potentially value-driven real estate market. Rental properties in the suburb offer a yield of 3.0%, making it an attractive option for investors looking for rental income. With a vacancy rate of 2.7%, Mt Eliza experiences consistent demand for rental properties.
Market Activity: The Market Absorption rate of 18% indicates that properties in Mt Eliza are absorbed into the market at a healthy pace, demonstrating its desirability among homebuyers and investors alike.
Mt Eliza is a suburb that seamlessly combines coastal living with convenience and sophistication. Its natural beauty, strong sense of community, and educational excellence make it a destination of choice for those seeking a harmonious blend of lifestyle and opportunity.
Suburb Median
Days on Market
