24 Claremont Cres, Hoppers Crossing VIC 3029
24 Claremont Cres, Hoppers Crossing VIC 3029
Renovated 4-bed conversion on 561sqm | no overlays | strong school catchments | 7.9% suburb growth
The propertyโs primary buying case rests on its post-renovation configuration: a four-bedroom, two-bathroom house on a 561sqm lot within the Woodville Primary and Hoppers Crossing Secondary College catchments, with no bushfire, flood, or heritage constraints. This combination is competitively rare in the immediate area, as comparable lots nearby, such as the 599sqm at 25 Claremont Cres, are valued higher, while the renovation adds a functional edge over standard three-bedroom stock. The property is best suited to a family buyer seeking a move-in-ready home with multiple living zones and a large shed for storage or workshop use, supported by reliable NBN and 5G coverage as secondary conveniences.
A specific risk is the data inconsistency between pre- and post-renovation records, which may affect valuation accuracy or lender appraisalsโverification of the conversionโs permits and quality is advised before commitment. The opportunity lies in the propertyโs position within a suburb showing 7.9% growth, combined with a land-to-building ratio of 30% coverage, which leaves potential for future extension or landscaping improvements. The off-market history since 2021 suggests limited recent exposure, potentially allowing for a negotiated purchase below the estimated $607,000 value if the renovation is not fully reflected in market perceptions.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 24 Claremont Cres, Hoppers Crossing VIC 3029
Market Insight:
Hoppers Crossing presents as a dynamic, established suburb with a strong owner-occupier presence, evidenced by consistent sales activity. Demand is driven by young professionals and families seeking relative affordability and established infrastructure, supporting a resilient market. Recent price trends show solid growth, particularly for units, with houses transacting efficiently. Future performance will hinge on broader economic conditions and the suburb’s ability to attract new residents, with its established character providing a stable foundation against potential market headwinds.