Perfectly positioned in sought-after “Old Apollo Bay,” this charming beach house at 17 Diana Street offers the ideal blend of lifestyle, comfort, and future potential. Situated just a 250m stroll to the main shops, cafés, and beach, it delivers the ultimate coastal convenience.

Home buyers will appreciate the comfort and space of this freshly updated 3-bedroom residence, ideal for relaxed living in a prime central location.
Investors will recognise the outstanding development potential—set on a substantial 891 sqm double block, the property presents the opportunity (STCA) to subdivide into two or even three lots, each with its own street frontage and no body corporate required.

The home is surrounded by beautifully maintained grounds, featuring a generous garden, wide nature strip, mature trees, and ample off-street parking. Recently repainted both inside and out, it feels bright, refreshed, and ready to enjoy.
Inside, a light-filled lounge offers year-round comfort with a cosy combustion wood fire and reverse-cycle air conditioning. The contemporary kitchen showcases updated cabinetry, stone benchtops, and quality appliances, including a dishwasher, gas cooktop and oven.

All three bedrooms are well-proportioned, with built-in robes in the master and new reverse-cycle units in each room. The stylishly renovated bathroom includes modern finishes, a large shower, and a luxurious extra-deep bath. Additional features include a new laundry, separate toilet, and energy-efficient heat pump hot water system.

Step outside to a peaceful and private garden setting, complete with sheltered entertaining areas and a picturesque birch grove—perfect for relaxing or hosting guests. A single lock-up garage and generous storage add further practicality.

Whether you're looking for a permanent home, a coastal getaway, short-term accommodation, or a long-term rental investment, this versatile property caters to every option. Currently leased until June 2027, it offers a solid and reliable return of $550 per week ($28,600 per annum).

This is a rare chance to secure a flexible coastal asset in one of Apollo Bay’s most sought-after locations, delivering immediate income with substantial future upside. For investors, there is also the option to redevelop (STCA), with the potential to demolish and subdivide the site into two or three separate lots. Additionally, recent budget changes and tax reforms may enable newly developed properties to be negatively geared, further enhancing the investment appeal.