118 Warana Drive, Hampton Park VIC 3976
118 Warana Drive, Hampton Park VIC 3976
3-2-2 family house | 541m² block | Hampton Park commuter suburb | mainstream finish likely | established housing stock
A 3-bedroom, 2-bathroom, 2-car layout is offered by this detached house on a 541m² block, and it is placed within the mainstream family segment of Hampton Park. The configuration is well suited to owner-occupiers seeking a single-level home without shared walls. While land is smaller than some older 650m² blocks in the surrounding streets, it remains larger than typical townhouse allotments. The housing stock here is predominantly established, and this property is likely to appeal to first-home buyers, young families, and investors. A competitive edge is provided by the two-bathroom arrangement, which is not always present in the older 3-bedroom houses in this pocket.
Value may be influenced by finish level, which is not confirmed but might range from original to updated. If renovated, a premium is likely; if original, alignment with the lower end is expected. Land size and development potential might also affect price, although 541m² is typical. Condition and presentation are the key variables to be weighed by a buyer.
Detailed Independent Property Report prepared by PropCred Analyst team for 118 Warana Drive, Hampton Park VIC 3976
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Hampton Park, 36km southeast of the CBD, offers family-oriented living with houses at a median $700,000 (5.3% annual growth) and units at $582,500 (4.0%). Houses sell in a median 23 days, reflecting strong buyer interest. Rental demand is robust: house rents climbed 5.8% and unit rents 8.7% over the past year, with unit yields at 4.7%. The demographic profile—median age 33 and mid-range incomes—points to working families driving demand. Steady capital growth and rapid turnover indicate sustained market momentum.
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PropCred Estimated Value
Comparable Sales: 3/1/2 on 650m² built 1990 sold at $680k; 3/1 older larger block sold in $640k–$690k | Property Price Band: $700k–$800k | Value Drivers: condition, land size, presentation
Bedrooms
3
Bathroom
2
Parking
2
Land
541m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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