38 Hanby Street, Brighton VIC 3186

38 Hanby Street, Brighton VIC 3186
Architect-designed | lift-linked | tennis court & pool | 8-car basement | prestige pocket This freestanding house is distinguished by a rare combination of a lift-connected three-level layout, a full tennis court, a heated pool, and basement parking for eight cars. The architecture and build quality are positioned in the upper tier of Brighton’s contemporary housing stock. A leafy, tightly held pocket near Were Street Village, the beach, and Brighton Beach station is the setting, offering walkable family lifestyle benefits. Prestige family buyers are best served by this property, as are downsizers wanting high-spec living with a lift. The scale and finish level are clearly above typical detached housing in the suburb. The value may be influenced by the land dimensions and the condition of the tennis court and pool. A premium may be supported by the architectural provenance and recent sale history, while the large amenity stack could limit the buyer pool. The lift and basement parking are likely to be viewed favorably, though ongoing maintenance costs should be anticipated.
Detailed Independent Property Report prepared  by PropCred Analyst team for 38 Hanby Street, Brighton VIC 3186
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ✓
Income Risk ✓
Execution Risk ✓
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Market Insight

Brighton VIC retains prestige bayside appeal, yet the current pricing cycle is mixed. House medians range from $3.125m to $3.31m, with annual growth flat to -8% depending on source; REIV records a 2.8% quarterly dip. Units are the weak spot: Property.com.au shows a 13.8% annual price decline, and REIV an 8.8% quarterly fall. Underlying rental demand is firm—vacancy is a constrained 0.6% against the 3% healthy benchmark, house rents have risen 8% annually, and rented house volumes are up 19%. This is drawing interest from investors seeking yield, while high-income owner-occupiers sustain the premium house segment. The main constraint is affordability and rate sensitivity, with slower unit sales (108 days on market) signalling further downside risk.
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PropCred Estimated Value

Comparable Sales: 22 Hanby Street sold for $3.125M in Nov 2024 | Property Price Band: $3.5M–$3.6M | Value Drivers: condition, layout, tennis court/pool

Bedrooms

4

Bathroom

4

Parking

-

Land

1134m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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