9/298 South Road, Hampton East VIC 3188
9/298 South Road, Hampton East VIC 3188
2-bed 2-bath 1-car | Stable owner-occupier building | Bayside fringe convenience | Long residency average
A stable owner-occupier building is observed, with an average residency of nearly eight years, and the property is presented as a two-bedroom apartment with two bathrooms and one parking space. It is located in Hampton East, a bayside fringe suburb that is served by established transport and retail infrastructure. The practical configuration is suited to downsizers and first-home buyers, who are typically attracted to low-maintenance living in this area. A modern market appearance is supported by the most recent sale in 2018, which distinguishes this unit from older apartment stock. The property is considered a comfortable entry point into the Bayside market, offering convenience and stability over expansive space.
The property’s value may be affected by its South Road aspect, which might carry elevated traffic levels, and the limited land dimension could temper price expectations. Unverified interior quality and the building’s age may also play a role, as could the floor level’s influence on natural light and outlook. Buyers are advised to weigh these elements against the stable ownership pattern and the enduring demand for practical apartments in the suburb. Market shifts since the last comparable sale might indicate a need for careful price positioning.
Detailed Independent Property Report prepared by PropCred Analyst team for 9/298 South Road, Hampton East VIC 3188
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Hampton East, 15km southeast of the CBD, is a more affordable entry point into Bayside while retaining the area’s lifestyle pull. Demand comes from professional couples with children, aged 40–49, mostly owner-occupiers paying $3,000–$3,999 monthly mortgages. House price signals are mixed: recent medians range from $1.448m up 4.3% to $1.5m up 5.6%, though one series shows $1.47m at just 3.89% and another flat at 0.22%. Units delivered stronger gains, with medians up 10.2–10.83% in two sources, but a third shows no movement. Selling times for houses vary from 31 to 80 days. Gross yields are thin, at 2.6–2.9% for houses and 3.4% for units. Future growth rests on continued Bayside spillover demand, while affordability constraints and interest-rate sensitivity are unresolved risks.
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PropCred Estimated Value
Comparable Sales: 10/298 South Rd sold in 2018 for $682,000; 7/298 South Rd sold in 2012 for $540,000 | Property Price Band: $600K–$700K | Value Drivers: condition, floor level, and parking configuration
Bedrooms
2
Bathroom
2
Parking
1
Land
927m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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