1/40 Pope Street, Hamilton VIC 3300

Modern 2018 build | 2-bed townhouse on 312sqm | Owner-occupier street | Above-median asking price. This property’s competitive edge lies in its newness and size. A 2018 build with 99sqm internal area and two parking spaces is rare in Hamilton’s older housing stock, giving a buyer immediate move-in condition with low maintenance. The 312sqm land, while not large, is a full townhouse lot in an owner-occupier dominated street, which supports stable long-term value. It suits a downsizer or professional seeking a lock-and-leave home, or an investor targeting tenants who prioritise modern finishes over period character. The primary risk is price. At $489k, it sits well above the local 2-bed median of $311k, meaning resale may be slower if the market softens. The 46-day average days on market suggests buyers here are not in a rush. The 2016 last sale price is not disclosed, so equity growth is uncertain. However, the newer build and low supply of similar townhouses in Hamilton give it a niche position. Hold for steady rental yield or use as a low-maintenance owner-occupied base, but do not expect rapid capital gains.