Riverside gem offers position and flexibility

Old Torquay has always been a popular choice for people looking for a beach home or to upgrade.

The new real estate golden triangle of Old Torquay has become the quiet private streets just south of Deep Creek.

The two main thoroughfares that dominate the land holdings in this area are Riverside Drive and Grandview Road, which both lead down towards the beach with the Deep Creek Reserve offering traffic-free access to Fisho’s and Whites beaches.

One Agency Surf Coast have listed a superb property in this precinct that offers both position and flexibility.

This listing at 51 Riverside Drive is a rare opportunity to secure a 585sqm block in Old Torquay with not one but two homes, and is ideal for multigenerational living or income generation; there are endless possibilities.

Entertaining friends and family is a breeze in the main residence which has been expertly renovated while retaining its original character and charm.

Boasting a cosy wood fire, a sun-drenched north-facing deck, feature bookshelves, double glazing, elevated raked ceilings and plenty more.

The incredible revamped kitchen, complete with hardwood benchtops, tile splashback, built-in pantry, high-end appliances, including a 900mm Smeg electric oven with gas cooktop.

Having the flexibility of an upstairs apartment with three bedrooms all with ensuites, boasting a modern kitchen, outdoor entertaining area, plus panoramic ocean views and dazzling sunrises.

One Agency sales consultant Kellie Papworth said this property boasted unparalleled flexibility with its dual dwellings, providing ample space and privacy for teens, grandparents, and guests alike.

“For savvy investors, it presents a fantastic opportunity with double the income potential,” Ms Papworth said.

“Alternatively, one could reside in the main dwelling and capitalise on leasing out the other.

“The expansive block, combined with its prime Old Torquay location, adds to the appeal.

“Enjoy the convenience of leaving your car at home and strolling to the beach, cafes, shops, and the Bowls Club within minutes.”

The main residence also includes an office, a master suite enhanced by floor-to-ceiling built in robes and a striking ensuite, plus two further bedrooms with external access, serviced by a sleek bathroom.

Conveniently located within walking distance of the Torquay town centre, Bomboras Beach Bar, Salty Dog Café for your morning brew and just 800m from the beach.

The block also features thriving veggie gardens, blissful native birdlife, a downstairs rumpus/workshop, a studio/storage space, a single garage and additional onsite parking.

Two dwellings on one title offers options galore: live in one residence and offset by leasing the other with a proven rental income on the second dwelling at $550 per week.