2/42 Fairmount Street, Hadfield VIC 3046
2/42 Fairmount Street, Hadfield VIC 3046
Two-level townhouse | quiet street pocket | near schools and transport | low-maintenance format | internal-access garage likely
This two-level townhouse is regarded as a strong entry point into Hadfield’s compact housing market. Its quiet street pocket and proximity to school catchments, shops and transport make it a practical choice for first-home buyers, downsizers and investors. The low-maintenance layout, with open-plan living and secure parking, is expected to appeal to those seeking a lock-and-leave lifestyle. Compared with detached houses in the suburb, this format offers a more accessible price band while retaining a functional two-bedroom footprint. The property’s position within an established residential pocket, rather than a high-density zone, adds to its appeal as a settled, neighbourhood-oriented purchase.
Value may be influenced by the quality of finishes and the level of natural light, which might vary with orientation. The property’s compact land footprint could cap its growth relative to larger houses, but the attached housing market has shown resilience. Consideration might also be given to whether the parking is a garage or carport, as that affects convenience and perceived security. Ongoing body corporate costs, if applicable, could factor into the total ownership expense.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/42 Fairmount Street, Hadfield VIC 3046
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Hadfield, 12km north of the CBD, is family-oriented with a 70.9% owner-occupier rate and quiet parks. Families drive demand, underpinned by a 0.6% vacancy rate and yields of 3.47% (houses) and 4.54-4.6% (units). House prices span $851k-$930k, growing 1.2%-6.2% annually; units sit at $620k, with growth from -11.4% to 36.5% across sources. Houses sell in 30-48 days with a 58.1% auction clearance, signalling a cooling market. Premium housing indicators and a 59/100 boomscore support future demand, but rising days on market and uneven growth create rate sensitivity. The $798,625 median house price remains below Victoria’s $827,350, a modest affordability buffer.
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PropCred Estimated Value
Comparable Sales: 3/42 Fairmount Street sold $490k in 2020 | Property Price Band: $500k to $600k | Value Drivers: two-level layout, finish quality, street position
Bedrooms
2
Bathroom
1
Parking
1
Land
625m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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