30 Crisp Street, Hampton VIC 3188
30 Crisp Street, Hampton VIC 3188
Large 971sqm GRZ2 site | rare redevelopment hold in bayside Hampton | walk to beach, station, and village | suits builders, developers, and long-term land investors.
What makes this property genuinely uncommon is the combination of scale and zoning. At roughly 971 square metres, this is a near-1,000sqm parcel in a tightly held bayside suburb where most houses sit on far smaller lots. The GRZ2 zoning signals clear potential for a new development project, subject to council approval, which gives a buyer flexibility that standard Hampton housing stock simply does not offer. Its position—about a six-minute walk to Hampton Street, with the station, shops, cafes, and foreshore close by—anchors it firmly in a premium lifestyle corridor. The existing three-bedroom, one-bathroom house is modest, but that is the point: the value sits in the land and the opportunity it represents. This property best serves a buyer looking to build, renovate substantially, or hold for future development, rather than someone seeking a move-in-ready family home.
The key factors that may influence its value revolve around what happens above ground. The current house is basic, so any price view should weigh the cost and effort of demolition or major renovation against the end value of a new dwelling or townhouse development. The GRZ2 zoning provides opportunity, but council requirements around setbacks, height, and neighbourhood character could shape what is actually achievable, so a buyer should confirm the site’s full planning context before committing. The property’s scarcity—being one of the last large parcels in this pocket—may support a premium, but that premium is realised only through the development outcome. For a buyer with patience and capital, this could be a strong long-term hold; for someone wanting immediate occupancy, it may feel like paying for potential rather than polish.
Detailed Independent Property Report prepared by PropCred Analyst team for 30 Crisp Street, Hampton VIC 3188
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Hampton VIC 3188 remains a tightly held bayside market, with demand led by established couples with children and outright owners drawn to beachside living and rail connectivity. House prices have softened over the past year, with medians ranging from $2.19m to $2.4m and annual declines of 2.6% to 6.8%, though REIV data shows a 7.4% quarterly rebound. Units are more divergent: Property.com.au reports 23.9% annual growth to $1.121m, while Woodards records a 5.8% fall to $858,000. Houses trade in 36–53 days, with sales volumes down as much as 18.7%. Gross yields remain thin for houses (2.6–3.7%) but firmer for units (3.6–4.1%). Future demand is anchored to limited coastal supply, but affordability constraints and rate sensitivity cap upside.
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PropCred Estimated Value
Comparable Sales: 10 Crisp Street sold at $3.07M; 70 Crisp Street sold at $3.55M | Property Price Band: $2.8M–$3.0M | Value Drivers: land size, GRZ2 redevelopment scope, walkability to Hampton Street and foreshore
Bedrooms
4
Bathroom
2
Parking
2
Land
958m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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