94 David Street, Hampton VIC 3188

Large block in prime school zone | balanced market | rare 3-bed house format | no overlays | medium-low confidence valuation This property presents a competitively strong offering as a three-bedroom house on a larger-than-typical 616 square metre block within the sought-after Sandringham Primary and College catchments, a configuration increasingly uncommon among newer townhouse developments in the area. It serves a buyer seeking long-term family accommodation with land component, positioned at the suburb’s median price point, suggesting its valuation is fundamentally aligned with established local demand for this housing type. The decision hinges on absorbing a -3.9% annual suburb growth headwind and a medium-low confidence valuation, which signals pricing ambiguity amidst recent value declines. The balanced 36-day market average provides a reasonable negotiation window. Commercial logic favours a hold for owner-occupation to capture the school zone premium and land value, as the estimated 3.1% rental yield alone does not compellingly support a pure investment purchase. Recent comparable sales provide context for pricing: – 67A David Street (4 bed, 3 bath) sold for $1,469,000. – A recent, unnamed comparable nearby sold for $1,388,000. These figures, notably below the subject’s estimated range, underscore the valuation’s medium-low confidence and suggest a buyer must rigorously justify any premium paid for this property’s specific block size and configuration.