3 Hopkins Street, Mckinnon VIC 3204
3 Hopkins Street, Mckinnon VIC 3204
3-bed family house with 4-car capacity | Owner-occupier street | Strong school catchment | Competitive McKinnon price point
This property occupies a practical position in McKinnon’s established family market. The three-bedroom, two-bathroom layout with four parking spaces is notably generous for the suburb, where newer townhouses typically offer only two car spaces. That extra parking flexibility suits households with multiple vehicles, a trailer, or visitors who drive. The street’s 80% owner-occupier mix points to a settled, low-turnover environment, which tends to support stable values and a neighbourly character. With Ormond Primary and Brighton Secondary College both within easy reach, the property aligns well with families prioritising schooling and long-term residence. It serves buyers seeking a functional detached house in a convenient, well-regarded pocket, rather than a prestige or architecturally distinctive product.
The asking range sits above the street’s median, which may reflect the four-car provision and house format rather than land size, since the lot dimensions are not confirmed. Condition and renovation level could materially sway the final price, as could the property’s orientation and private outdoor space. Buyers should weigh whether the parking advantage justifies a premium over nearby townhouse alternatives, and consider how the mixed-density infill on parts of the street might affect streetscape consistency. The absence of confirmed land size means value hinges more on the house’s liveability and layout than on land-banking potential.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Hopkins Street, Mckinnon VIC 3204
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
McKinnon sits in Melbourne’s bayside, with family buyers dominating a market oriented to three- and four-bedroom houses. The median house price is around $1.85 million, though annual growth ranges from -4.3% to 6.2% across providers, indicating a market that has cooled after earlier gains. Units sit near $820,000–$857,000, with yields around 4%, versus 2.65–3.5% for houses. Houses rent at a weekly median of $1,100, and units at $680–$685; house rents have grown 15.8% annually, underscoring strong tenant demand. Houses sell in 29–43 days, with auction clearance rates of 74.6–94.7%, and annual sales volumes of 60–84, suggesting competitive but thin turnover. Affordability is the key constraint: entry-level buyers face a high price floor, and negative growth prints in some indices point to interest-rate sensitivity. Future strength rests on tight rental conditions and persistent family demand for larger homes, but the thin supply and price level keep downside risks live.
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PropCred Estimated Value
Comparable Sales: 1/43 Hopkins Street townhouse sold at $1.1M; 29 Hopkins Street large house on 776m² sold around $4.4M+ | Property Price Band: $1.5M–$1.6M | Value Drivers: Condition and renovation quality, four-car parking provision, school catchment proximity
Bedrooms
3
Bathroom
2
Parking
4
Land
588m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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