4/290-292 Nepean Highway, Edithvale, Vic 3196
$820,000 - $880,000
3 1 1
Open Thursday 25 June 5:00 pm Auction Saturday 18 July 11:00 amOriginally part of the Carrum Carrum Swamp, the area was drained in the late 19th century to allow for selection and farming. The opening of the Edithvale railway station in 1919 spurred residential development, evolving from a summer holiday destination into a permanent residential suburb.
A relaxed, family-oriented coastal suburb characterized by a mix of mid-century weatherboards and modern luxury townhouses. It maintains a quieter, less commercial feel than neighboring Mordialloc or Chelsea.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Edithvale offers a more attainable entry point into the premium bayside market than Brighton or Sandringham, while maintaining a higher 'village' feel than Frankston. It is a strategic choice for families prioritizing lifestyle and education.
$1.1m – $2.8m
$680k – $1.2m
12-month movement
Current asking rents
The price gap between houses and units is narrowing as high-end townhouses replace older stock, reflecting a shift toward low-maintenance luxury living.
Price comparison
Median price ÷ median income
Estimated rental yield
Affordability is constrained for first-home buyers, with most entry-level stock now consisting of small units or townhouses rather than detached houses.
Lower = tighter market
Avg time on market
Annual rental increase
Young professional families and down-sizers seeking coastal lifestyle near rail links.
Strong capital growth prospects and low vacancy risk, though gross yields are modest. Focus on properties with low maintenance and proximity to the station.
Expect steady capital growth outperforming the broader Melbourne market, driven by the 'work-from-home' lifestyle shift and the suburb's finite boundaries.
vs last 12 months
Relative comparison
Check local police statistics for seasonal spikes in opportunistic theft near the beach during summer months.
Environmental factors are the primary concern, specifically drainage issues and long-term coastal stability.
High risk; much of the suburb is covered by Special Building Overlays (SBO) due to its history as reclaimed swampland.
Low risk; the area is primarily urban and coastal.
Potentially high premiums for properties within flood zones; some insurers may have restrictions on new policies in specific low-lying streets.
Special Building Overlay (SBO), Land Subject to Inundation Overlay (LSIO), Environmental Significance Overlay (ESO) near wetlands.
Nepean Highway corridor and streets within 400m of the station are seeing significant townhouse redevelopment.
Overlays can significantly restrict building footprints, floor heights, and renovation possibilities. Always check the Section 32 for specific planning constraints.
Excellent rail access via the Frankston line; Nepean Highway and Mornington Peninsula Freeway provide road links.
Good local shopping strip on Nepean Hwy; major retail hubs nearby in Chelsea and Mordialloc.
Exceptional access to the Edithvale-Seaford Wetlands and the Edithvale Recreation Reserve.
Edithvale Primary is a central pillar of the community; zoned for Mordialloc College.
Local GPs available; close proximity to Chelsea Heights Medical Centre and Frankston Hospital.
A mature, affluent demographic with a high percentage of families and established couples.
The high owner-occupancy rate indicates a stable community with long-term residents, which typically supports property value retention.
Recent focus has been on transport infrastructure and environmental conservation.
Residents praise the suburb for its 'hidden gem' status, emphasizing the safe environment for children and the unique natural beauty of the beach and wetlands.
The best place to raise kids. The primary school is fantastic and everyone knows each other at the local park.
The new station is a game changer for my commute, though I had to settle for a townhouse to afford the area.
Walking the wetlands in the morning and the beach in the evening is a lifestyle you can't beat.
Nepean Highway is a nightmare in summer. Sometimes it takes 20 minutes just to get out of the suburb.
Low maintenance townhouses here are never vacant for more than a week. Great long-term hold.
I love the area but the flood insurance was a shock. Make sure you check the overlays before buying.
Position the property as a 'lifestyle sanctuary' that balances coastal recreation with urban convenience. Emphasize the community-centric nature of the street and the recent infrastructure upgrades.
High-demand rental market with low vacancy rates and strong capital growth potential.
Low rental yields and high entry costs; environmental risks impacting insurance.
Unbeatable access to the beach and a safe, quiet neighborhood.
Limited nightlife and retail within the suburb itself; reliance on neighboring suburbs for major shopping.
Ensure all gas and electrical safety checks are current, particularly in older coastal stock where corrosion is common.
The '15-minute suburb' where the beach, train, school, and wetlands are all within a short walk.
Young professional families moving from the inner-east or south-east seeking lifestyle and value.
This report is for informational purposes only and does not constitute financial or legal advice. Property data is based on 2024-2025 trends projected to 2026. Buyers should conduct their own independent due diligence, particularly regarding environmental risks and planning overlays.
Now
Before
$820,000 - $880,000
3 1 1
Open Thursday 25 June 5:00 pm Auction Saturday 18 July 11:00 am
$660,000 - $710,000
2 1 2
Auction Saturday 11 July 11:00 am
$2,000,000 - $2,200,000
5 2 3
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