154 Coleraine Road, Hamilton VIC 3300
154 Coleraine Road, Hamilton VIC 3300
2-bed house on 704sqm | last sold 2023 | 3 days on market | aging demographic area
The property presents as a well-timed opportunity within Hamilton’s market, where its 704sqm land component is notably above the typical holding for a 2-bedroom house. The recent 2023 sale history suggests a clean title and no urgent deferred maintenance, while the short 3-day listing period indicates a seller motivated for a prompt transaction. This configuration suits a downsizer or investor seeking a low-maintenance holding with future subdivision potential in a long-term stable regional centre, given the strong 78% long-term resident base.
The primary risk lies in the mismatch between the property’s $495,000 price point and the local 2-bedroom median of $311,250, which may reflect the larger land component or overpricing relative to buyer demand in a 60+ demographic market. However, the opportunity is that the 46-day average days on market and zero auction clearance rate suggest a patient buyer can negotiate from a position of strength. The property’s secondary school proximity to Baimbridge College adds modest appeal for younger families, though the aging population profile means resale may rely on similar downsizer demand.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 154 Coleraine Road, Hamilton VIC 3300
Market Insight:
Hamilton is positioned as a stable regional hub, anchored by a resilient economy in agriculture and health services. Demand is driven by families and professionals drawn to its excellent schools and historic character, alongside investors attracted by strong rental yields. The market exhibits solid recent growth, with houses moving at a moderate pace, indicating steady conditions. Future prospects are supported by its role as a service centre for the Western District, though the market shows some sensitivity to broader economic conditions and supply appears constrained.