9/119 Victoria Street, Hastings VIC 3915
9/119 Victoria Street, Hastings VIC 3915
This is a 2-bedroom, 1-bathroom unit from 1970 on 83 m² of land with one parking space, valued between $447,000 and $465,000. It is a low-rise unit in a coastal suburb, typical of older stock but positioned as an entry-level option in the Frankston Peninsula area.
What is competitively strong here is the price point for a coastal suburb, which positions this unit as one of the more accessible options in the region. The 1970s build is not rare, but it is consistent with the low-rise character of Hastings, offering a quieter, more established neighbourhood feel compared to newer developments. This property serves best a first-home buyer or an investor seeking a low-maintenance unit in a location with proximity to beaches and local shops. The 83 m² land size is modest but typical for a unit of this era, and the configuration is straightforward, which can appeal to those wanting a simple, functional space without the premium of modern finishes.
Factors that might materially affect the value include the age of the building, as a 56-year-old unit may have older plumbing, electrical, or insulation that could require attention. The small land allotment limits expansion or outdoor living, which may be a consideration for buyers wanting more space. The lack of detail on finishes or aspect means the unit’s condition and orientation could influence its appeal, and a buyer should inspect for natural light and any signs of wear. The parking situation, while included, may be basic, and the unit’s floor level within the building could affect privacy or noise. These elements should be weighed when forming a view on price, as they may not be immediately apparent from the listing alone.
Detailed Independent Property Report prepared by PropCred Analyst team for 9/119 Victoria Street, Hastings VIC 3915
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
URL has been copied successfully!
Market Insight
Hastings is a coastal hub attracting young, working households seeking affordability. Demand is underpinned by a robust rental market, with strong recent rental growth indicating steady tenant demand. While property prices have shown solid growth, the sales market has softened, with increased days on market and a significant decline in auction clearance rates pointing to a more challenging environment for sellers. Future performance will hinge on balancing this sustained rental demand against the current market headwinds.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
83m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!