40 Melville Street, Hawthorn VIC 3122

Victorian single-level rarity | park outlook | extension potential | strong owner-occupier demand | premium school zone This property offers a genuinely uncommon configuration in Hawthorn—a single-level Victorian on a manageable 224sqm block with a permanent green outlook to parkland. The rear treed aspect is a structural advantage that cannot be replicated, giving the house a private, tranquil feel rare at this price tier. For buyers seeking a low-maintenance period home in a top school catchment (Hawthorn West Primary and Melbourne Girls College), this represents a strong lifestyle-and-schools fit. The future extension potential adds optionality, which appeals to those who may want to add value later without overcapitalising. The primary risk is the land size—224sqm is compact for the suburb, limiting scope for major redevelopment unless council permits a second storey. The lack of on-site parking could also narrow the buyer pool, especially among families. However, the 2020 purchase at $1.74m provides a clear price floor, and the current estimated range of $1.78m–$1.87m reflects modest growth in a market with 67% clearance and strong owner-occupier demand. The opportunity lies in the property’s scarcity: a quiet, single-level Victorian with a park backdrop is unlikely to stay on market long for a buyer who values privacy and location over square footage.