7/59 Elizabeth Street, Hastings VIC 3915

2 bed, 1 bath, 1 car unit | Hastings multi-unit complex | Strong capital growth since 2018 | Rental yield potential This unit offers a clear buying case for those seeking a solid entry point into the Hastings market. The 2018 sale price of $353,000, contrasted with current estimates in the mid-to-high $500k to mid-$600k range, signals strong capital growth that has already been realized. The comparable sales within the same building—a 2-bed unit at $445,000 in late 2023 and a 3-bed at $550,000 in 2025—reinforce a pattern of consistent value appreciation. For a buyer, this suggests the property is not a turnaround play but a stable, investment-grade unit with proven rental appeal at $475–$570 per week. It best serves a buyer seeking a low-maintenance holding in a growing regional corridor, rather than a short-term flip. The primary risk is the lack of clarity on internal condition, renovation history, and strata fees, which could affect both holding costs and resale appeal. Without these details, a buyer must budget for potential upgrades. The opportunity lies in the building’s multi-unit configuration, which typically offers lower entry costs than standalone houses in Hastings, and the Mornington Peninsula’s broader residential demand. This unit is not a standout but a solid, data-backed option for a buyer who values known growth patterns over speculative upside.