13/3 Elisa Place, Hastings VIC 3915
13/3 Elisa Place, Hastings VIC 3915
3-bedroom villa | 251sqm fully fenced | ducted heating | bushfire overlay | Mornington Peninsula Shire
This property presents a rare configuration advantage in Hastings: a three-bedroom villa on a manageable 251sqm block with a secure garage and separate open parking, all fully fenced. The ducted heating and spacious kitchen with gas cooktop serve a broad buyer pool, particularly young families or downsizers seeking single-level living without strata complexity. The light-filled open-plan layout and separate laundry add functional depth, and the NBN connection supports remote work. Positioned in a residential zone with no flood or heritage overlays, the property avoids common encumbrances that delay settlement or limit renovation scope. It serves best as a long-term hold for an owner-occupier or a stable rental investment given the $480โ$560 weekly estimate.
The bushfire overlay is the primary risk, potentially increasing insurance costs and restricting certain landscaping or building modifications. The 2013 sale date offers no recent price anchor, and the wide estimate rangeโ$524,000 to $650,000โsignals valuation uncertainty that may require a pre-purchase appraisal. The lot size is modest for a villa, limiting future subdivision or extension options. However, the fully fenced yard and shed provide immediate utility, and the school zoning for Wallaroo Primary and Western Port Secondary College supports family demand. Hold this property for steady rental yield or as a cost-effective entry into the Hastings market, avoiding overpaying by benchmarking against comparable villa sales in the postcode.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Hastings is a coastal hub attracting young, working households seeking affordability. Demand is underpinned by a robust rental market, with strong recent rental growth indicating steady tenant demand. While property prices have shown solid growth, the sales market has softened, with increased days on market and a significant decline in auction clearance rates pointing to a more challenging environment for sellers. Future performance will hinge on balancing this sustained rental demand against the current market headwinds.