A suburban residence at 4 The Grove in Hampton Park has achieved a remarkable sale price of $3.015 million, setting a new record for the area. This four-bedroom property stands out not only for its price but also for its luxurious features and expansive grounds, which span over 4,000 square meters.
This sale surpasses the previous record of $2 million, set in 2022 at 298 Pound Road. The property features a wealth of amenities, including a swimming pool, sauna, spa, gym, basketball court, and a pool house, giving it a resort-like atmosphere that appeals to buyers seeking a premium lifestyle.
According to Khaled Arabzadeh, director of Area Specialist Rapid, the home attracted significant interest from the moment it was listed. “It felt like a trip to Bali in your own backyard,” he noted. The buyer, a local businessman, made the purchase after just one inspection, securing the deal through private negotiation within the campaign’s second week.
Exceptional Features Drive Demand
Arabzadeh highlighted the outdoor space as a major selling point, stating that prospective buyers spent more time exploring the backyard than the interior of the home. “People spent five minutes inside and twenty outside,” he remarked. The owners invested approximately $1.5 million in landscaping and outdoor amenities, contributing to the property’s unique appeal.
The house’s interior maintains a luxurious aesthetic, with a grand living space and a sleek home office that boasts designer cabinetry and views of the garden. The bathrooms are adorned with full-height marble and gold accents, enhancing the overall resort-like feel.
Listed with a price guide of $2.895 million to $3.15 million, the property attracted four buyer groups and two offers within a short span of two weeks, a strong performance for a property in this price range. This sale significantly exceeds Hampton Park’s median house price, which hovers in the high-$600,000s, according to PropTrack.
Market Trends and Lifestyle Changes
Arabzadeh believes this sale reflects a growing demand for prestige properties in Melbourne’s southeastern suburbs. “Second-home buyers are confident again,” he explained. Many are opting to sell investment properties due to increased taxes and maintenance costs, choosing instead to invest in higher-quality living spaces.
Despite the presence of nearby transmission lines, the property’s size, privacy, and luxurious amenities allowed it to achieve an unprecedented figure for a single residential home in Hampton Park. Arabzadeh noted that while the house itself is not massive, the lifestyle it offers is compelling.
“The house itself isn’t massive, but the lifestyle is. For a pure home and backyard on this street, this price will stand for a while,” he added. He also credited the sellers for their willingness to invest significantly in the property’s presentation, despite concerns from others about overcapitalizing.
The sellers plan to remain in the area, currently seeking a new property in the $2 million range in Narre Warren North. The successful sale not only reflects their investment but also sets a new standard for luxury homes in the region.
This record-breaking sale underscores a shift in buyer preferences, illustrating the growing appreciation for exceptional living environments that combine comfort, luxury, and lifestyle benefits.
