4A Hillrise Court, Mornington VIC 3931
4A Hillrise Court, Mornington VIC 3931
3-car house on 406m² | school-zoned coastal suburb | owner-occupied demand | larger than compact down-sizers | standard suburban pocket
A three-bedroom, two-bathroom house with three-car parking is presented on a 406 square metre block within established primary and secondary school catchments. The three-car provision is regarded as uncommon for this land size, adding functional value beyond the standard two-car format and supporting households with multiple vehicles or a small workshop. The property is situated in a middle tier of Mornington’s housing mix, being larger than the compact down-sizer product near the beach and main street, yet less land-heavy than the elevated prestige streets. It is best suited to a family buyer or down-sizer seeking a manageable allotment with good school access and a stable, owner-occupied neighbourhood character.
The property’s value may be influenced by its location on a standard suburban street rather than a prestige coastal or elevated position, where premium pricing is often tied to views or direct beach access. The 406 square metre block could be seen as limiting for buyers seeking a large yard or future extension. However, the three-car garaging and school catchments might be expected to maintain interest among family and down-sizer buyers, potentially stabilising the sale price within a consistent band.
>>Comparable Sales: 4A Grange Road ($2.74m) | Property Price Band: $1.0M-$1.1M | Value Drivers: land size, three-car parking, school catchment
Detailed Independent Property Report prepared by PropCred Analyst team for 4A Hillrise Court, Mornington VIC 3931
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
URL has been copied successfully!
Market Insight
Mornington VIC 3931 holds a coastal lifestyle position within commuter reach of Melbourne via Peninsula Link and the Frankston line, supported by retail hubs such as Mornington Plaza. Demand is driven by families aged 40-59, with 77.5% owner-occupiers and 48.2% family households, plus Melbourne downsizers seeking lifestyle properties and investors targeting units. Median house prices sit around $1.08m-$1.12m, but annual growth is mixed: recent readings range from -1.82% to +1.8%, with one gauge showing +3.2% for all dwellings. Units are firmer, with medians of $741,000-$782,500 and annual growth between 4.7% and 8.8%. Houses sell in 25-38 days, and annual sales volumes of 336-474 indicate steady turnover. Rental yields are modest: 3.35%-3.8% for houses, around 4% for units, with house rents at $700-$725 weekly. Future drivers include school catchments with NAPLAN results above state averages, infrastructure upgrades, and investor demand for units. Key constraints are high entry prices limiting first-home buyers, sensitivity to interest rates evidenced by fluctuating growth, and steady supply of around 500 annual sales.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
3
Land
406m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!