21 Babington Close, Hastings VIC 3915

21 Babington Close, Hastings VIC 3915
3 beds | 2 baths | 582mยฒ | 2009 build | solar detected | no overlays The 2009 build and 292mยฒ footprint on a 582mยฒ lot give this house a rare configuration edge in Hastingsโ€”most comparables are older or smaller. The absence of bushfire, flood, or heritage overlays removes a layer of due diligence cost and timeline risk that buyers often face in the Mornington Peninsula Shire. Solar panels detected with 80% confidence lower ongoing utility exposure, which matters for owner-occupiers and investors targeting the $595โ€“$755pw rental band. The property suits a buyer seeking a low-overlay, modern floorplan house in a residential zone with school catchment stability, rather than a speculative land play. The primary risk is the thin sales historyโ€”last transacted in 2013 at $420,000, with no subsequent market evidence to validate current pricing. The estimated value range ($710kโ€“$950k) is wide, meaning the buyer must underwrite the gap themselves. NBN Fibre to the Node and 5G coverage support tenant appeal but are not prime value drivers. The opportunity lies in the 50% building coverage ratio: the lot has capacity for future extension or a shed, adding functional value without rezoning risk. Hold this property as a long-term residential hold in a constrained supply area, or improve the building envelope to lift rental yield toward the upper end of the range.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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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.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

582mยฒ

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