2 Wave Street, Hampton VIC 3188

Corner block with dual frontage | approved plans for two residences | strong Hampton Hill position | blue-chip school zone. This property is distinctive for its 688 m² corner site with 20 m and 34.4 m frontages, a rare configuration in Hampton Hill. The existing architect-designed house is rentable and well-appointed, but the primary buying case lies in the approved plans for two oversized residences across three levels each. That approval reduces development risk and timeline uncertainty for a buyer seeking to build new luxury units. The location one block from Hampton Street and within walking distance of three private schools strengthens demand appeal for both owner-occupiers and investors targeting the premium family market. The main unresolved issue is the price picture, as the asking range sits below the estimated value, but the gap cannot be relied on without understanding campaign conditions and buyer competition. The approved plans need verification for current validity, any sunset clauses, and whether the permits align with the draft planning zone allowing up to four storeys. Confidence in the development feasibility requires confirmation of council staging requirements, infrastructure contributions, and whether the pool must be retained.