167 Auburn Road, Hawthorn VIC 3122
167 Auburn Road, Hawthorn VIC 3122
4 bed brick house | 426m² block | 54% site coverage | GRZ3 redevelopment upside | Auburn Village walkable
This is a solid brick period house on a compact but workable 426m² allotment in one of Hawthorn’s tightly held pockets, positioned within walking distance of Auburn Village, trams, trains, and Swinburne. The 229m² building footprint is substantial for the land size, which means the existing house offers genuine family accommodation rather than a knockdown-only proposition. The General Residential Zone 3 zoning, combined with no detected heritage, flood, or bushfire overlays, gives this property meaningful flexibility for future renovation, extension, or a townhouse project subject to council approval. It suits a buyer who wants immediate occupancy in a strong inner-east location while keeping the option of adding value later.
The property’s value may be shaped by several factors. The building coverage at 54% is already high, which could limit how much additional floor area can be added without a planning permit. The lack of a documented build year and orientation means the quality of natural light and original construction condition should be inspected carefully. The 426m² land size is smaller than many traditional Hawthorn family blocks, so the price will likely be driven more by location and redevelopment potential than by sheer land area. Buyers should weigh the cost of any modernisation against the property’s underlying land value and the strength of demand in this school-rich, transport-connected suburb.
|| Comparable Sales: 317 Auburn Road (714m² corner, two homes, price not disclosed) | Property Price Band: $1.5M–$1.6M | Value Drivers: land size, redevelopment potential under GRZ3, period house condition and street position
Detailed Independent Property Report prepared by PropCred Analyst team for 167 Auburn Road, Hawthorn VIC 3122
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Hawthorn remains a premium inner-east Melbourne market, with median house prices around $2.8–2.9 million and units near $558,000–580,000. Demand is driven by affluent professionals and families in finance, tech, and medicine, plus downsizers and university-linked investors. House price trends are mixed: recent annual changes range from -8.0% to +9%, reflecting rate sensitivity and volatility, while units are flat to slightly negative (-2.0% to 0%). Houses sell in 33–42 days. House rents vary widely ($695–$950/week) but units are stable around $550/week, with gross yields of 1.78% for houses and 4.97–5.1% for units. Connectivity via train, tram, Monash and Eastern Freeways, school catchments including Hawthorn Secondary and Auburn South Primary, and proximity to hospitals and universities support demand. However, entry prices above $2.8m limit buyer depth, heritage overlays restrict supply, and premium mortgages raise sensitivity to interest rates.
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PropCred Estimated Value
Comparable Sales: 317 Auburn Road (714m² corner, two homes, price not disclosed) | Property Price Band: $1.5M–$1.6M | Value Drivers: land size, redevelopment potential under GRZ3, period house condition and street position
Bedrooms
4
Bathroom
2
Parking
2
Land
426m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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