3/45 Grenville Street, Hampton VIC 3188
3/45 Grenville Street, Hampton VIC 3188
Boutique bayside apartment | Walk to beach, shops, station | Likely premium finishes | Low-density, design-led building | Suits downsizers and professionals
This unit sits within a small, low-rise apartment building on a well-regarded Hampton street, a pocket known for architect-designed stock rather than generic walk-ups. The configuration likely favours spacious two-to-three-bedroom layouts with secure parking and outdoor terrace space, aligning with the better-quality product in this immediate area. Its real strength is location: a level stroll to Hampton Street’s cafés and boutiques, the train station, and the bay foreshore, giving it a lifestyle pull that consistently draws downsizers and professional couples seeking lock-and-leave living without sacrificing suburb character. For the right buyer, this represents a rare chance to secure a premium apartment in a tightly held beachside enclave.
The value picture may hinge on floor level, aspect, and internal condition, as these vary noticeably within boutique developments. A north-facing or upper-floor position with good natural light could support a stronger price, while a lower-level unit might trade at a modest discount. Finishes such as stone benchtops, integrated appliances, and ducted climate control may add appeal, but any dated elements could require budgeting for updates. Proximity to the beach and retail precinct typically underpins demand, yet the absence of private land means price growth will likely track the apartment market rather than detached housing.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/45 Grenville Street, Hampton VIC 3188
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Hampton VIC 3188 remains a tightly held bayside market, with demand led by established couples with children and outright owners drawn to beachside living and rail connectivity. House prices have softened over the past year, with medians ranging from $2.19m to $2.4m and annual declines of 2.6% to 6.8%, though REIV data shows a 7.4% quarterly rebound. Units are more divergent: Property.com.au reports 23.9% annual growth to $1.121m, while Woodards records a 5.8% fall to $858,000. Houses trade in 36–53 days, with sales volumes down as much as 18.7%. Gross yields remain thin for houses (2.6–3.7%) but firmer for units (3.6–4.1%). Future demand is anchored to limited coastal supply, but affordability constraints and rate sensitivity cap upside.
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PropCred Estimated Value
Comparable Sales: 22/45 Grenville Street sold $600,000; 12/45 Grenville Street sold 2021 (3 bed, 2 bath) | Property Price Band: $700K–$800K | Value Drivers: Floor level, natural light, finish quality, parking allocation
Bedrooms
2
Bathroom
2
Parking
2
Land
1910m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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