3 Spencer Avenue, Dromana, Vic 3936

In a superb beachside location just approximately 200 metres from the sandy foreshore, this light-filled cottage-style home offers an exciting opportunity for homeowners, investors and developers alike.

Adding significant future value, the property comes with approved plans and permits for two brand-new, two-storey four-bedroom dwellings, providing an outstanding opportunity to develop in this sought-after coastal location.

Smartly presented and ready to enjoy, the existing three-bedroom home features charming character, floorboards throughout, plenty of storage and a spacious lounge and dining zone. The kitchen is well-appointed with stainless steel appliances. Ducted heating provides year-round comfort.

Whether you choose to enjoy the existing home, secure it as an investment or take advantage of the approved development, the possibilities are impressive.

Just a short stroll to Dromana's shopping precinct, shops, cafes, bus stops and local amenities, with the beach practically at your doorstep, this is a rare opportunity in a tightly held location.