5 Hammond Street, Brighton VIC 3186

5 Hammond Street, Brighton VIC 3186
4 bed 3 bath 3 car on 902m² | 23.8m frontage | north-facing rear | 1935 character | redevelopment optionality Competitively, the property stands out for its land: a 902m² single-storey allotment with a 23.8m frontage and a north-facing rear is uncommon in Brighton. The 1935 character home adds aesthetic appeal with period detailing, while the four-bedroom, three-bathroom layout works well for family living. It is best suited to owner-occupiers seeking a long-term renovation, or developers wanting a wide site with potential for a multi-home proposal. The absence of bushfire, flood, or heritage overlays reduces regulatory uncertainty, and the north-facing rear enhances indoor-outdoor liveability. Value may hinge on the condition of the original structure and the quality of any previous updates. The wide frontage and north-facing rear are likely to attract a premium, but renovation costs for a 1935 house could be considerable. The potential for a future multi-home development, subject to approvals, might appeal to builders. Buyers should weigh the current living appeal against the holding value of the underlying land.
Detailed Independent Property Report prepared  by PropCred Analyst team for 5 Hammond Street, Brighton VIC 3186
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk
Income Risk ! 1
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: Prior sale of the subject house (2023) at $3.5M | Property Price Band: $3.5M–$3.6M | Value Drivers: 902m² land size, 23.8m frontage, north-facing rear

Bedrooms

4

Bathroom

3

Parking

2

Land

900m²

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