16 Lockley Street, Hadfield VIC 3046
16 Lockley Street, Hadfield VIC 3046
Four bedroom two bathroom detached house on a 676 square metre block with two parking spaces. Single level in a car dependent outer Melbourne suburb. The land holding is the defining characteristic offering space rarely matched in this price segment. This property is well positioned within Hadfield for family buyers seeking a generous block.
This house is competitively placed within Hadfield through its combination of four bedrooms and a substantial land component. The single level layout and two car parks are practical advantages in a car dependent location where street parking and multi story living are less convenient. Such a configuration serves families well who require internal space and room for outdoor use. The property is seen as a standard family home but the land size gives it an edge over tighter blocks in the area. It is best suited to buyers who prioritise land value and future flexibility over immediate walkability to shops or transport. The suburb itself supports steady owner occupier demand making this a solid holding.
The properties age and interior condition may affect its market position as no renovation details are available. Lot orientation and shape might influence garden usability or extension potential. Buyers should inspect finishes and systems closely. The absence of specific school catchment data could be a factor for families. These elements are worth considering when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 16 Lockley Street, Hadfield VIC 3046
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Hadfield presents as a family-oriented suburb offering relative affordability within Melbourne’s northern corridor, with a premium housing segment. Demand is anchored by owner-occupiers seeking value, supported by a tight rental market. Recent house price growth has been solid, though the market shows signs of normalising with increased selling times. Future prospects are underpinned by its established character, yet sensitivity to broader rate cycles and a cooling auction market present near-term constraints.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
676m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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