47/4-42 Coral Drive, Hampton Park VIC 3976
47/4-42 Coral Drive, Hampton Park VIC 3976
2-bed retirement villa | refurbished interior | managed village tenure | opposite Hampton Park Centre | downsizer-focused market
This unit is positioned competitively in Hampton Park’s retirement-living segment. Its modern kitchen and bathroom are genuine selling points, and outdoor space is provided by the private pergola, which many units lack. Independence is supported by the location opposite Hampton Park Centre, with a safety net provided through the emergency call system. The single-level layout with built-in robes and separate laundry is suited to the downsizer brief. It is best suited to retirees and semi-retired buyers wanting lock-up-and-leave living. Within the village it is among the better-presented options, yet a different product type from freehold housing.
Value may be affected by refurbishment condition, as presentation is the main visible difference. Parking type might influence appeal, with garages preferred over carports. Village position may support price stability. These factors should be weighed against the retirement-village tenure, which is often priced at a discount to freehold housing and may offer slower growth.
Detailed Independent Property Report prepared by PropCred Analyst team for 47/4-42 Coral Drive, Hampton Park VIC 3976
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
✕
2
Income Risk
✕
2
Execution Risk
✕
2
Market Insight
Hampton Park, 36km southeast of the CBD, offers family-oriented living with houses at a median $700,000 (5.3% annual growth) and units at $582,500 (4.0%). Houses sell in a median 23 days, reflecting strong buyer interest. Rental demand is robust: house rents climbed 5.8% and unit rents 8.7% over the past year, with unit yields at 4.7%. The demographic profile—median age 33 and mid-range incomes—points to working families driving demand. Steady capital growth and rapid turnover indicate sustained market momentum.
PropCred Estimated Value
Comparable Sales: units 18 and 30 at Coral Mews, transacting around $410k-$420k | Property Price Band: $400k-$500k | Value Drivers: refurbishment standard, village position, parking arrangement
Bedrooms
2
Bathroom
1
Parking
1
Land
78m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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