2/32 Douglas Street, Hastings VIC 3915

Modern villa | compact 169sqm | near new build | strong rental yield | Hastings growth corridor This property presents a rare combination of near-new build quality on a manageable lot within a street that has demonstrated consistent capital growth, with several Douglas Street sales showing annualised gains between 5 and 7 percent over holding periods of 4 to 22 years. The balance of builder’s warranty and absence of an owners corporation give the buyer direct control and lower ongoing costs compared to typical unit stock. For an investor, the midpoint rental yield of approximately 4.5 percent is competitive for the Mornington Peninsula, and the property’s modern specification and low maintenance profile should attract quality tenants. First-home buyers benefit from a turnkey residence in a suburb with improving amenity and transport links to Melbourne. The primary risk is the small land component, which limits future subdivision potential and means capital growth will track the suburb rather than land-banking strategies. The 2021 purchase price is not disclosed, but the estimated value of $515,000 suggests the current asking range may include a premium for the new-build condition. Buyers should negotiate firmly toward the lower end of the listed range to build in immediate equity. The property suits a hold strategy for stable rental income or as a low-maintenance home, with no value-adding required beyond routine upkeep.