96 David Street, Hampton VIC 3188

Post-WWII brick home | 616m² parkside lot | Original condition, renovation potential | Opposite Boss James Reserve This property’s primary strength is its substantial, above-average landholding in a tightly held bayside location, directly opposite a reserve. The largely original, solid-brick house presents a clear canvas for renovation or redevelopment, appealing to an owner-occupier seeking a positional asset with future flexibility or a builder-developer attracted by the lot size and absence of overlays. Its sale price below the suburb median for a three-bedroom house indicates a negotiated entry point for the land component. The key risk is the cost to modernize or rebuild, compounded by the property’s original condition. The suburb’s recent negative growth trend requires a medium-term hold to realise the land’s inherent scarcity value. Proceed only with a plan that budgets for immediate improvements, targeting capital growth from the land asset rather than short-term yield. Our analysis would pressure-test the renovation economics and provide precise comparable sales to validate your position. Recent nearby sales provide context for this purchase: – 67A David St (4 bed, 3 bath): $1,469,000 – 70 David St (4 bed, 334m² land): $2,400,000 This property’s $1,610,000 price reflects its larger land size but original state, sitting logically between a smaller, modernized house and a premium, renovated home. It confirms you are paying for land potential. A PropCred report would ground this opportunity in a real market valuation, detail locality risks, and clarify insurance implications for a property of this age and condition.