Insights

Hodges Brighton had over the weekend, sold a single level, 2 bedroom villa for $798,000. The villa is located near the iconic Church Street.

Villas are becoming increasingly popular in the buying market as they tend to be located near popular main streets and often in exclusive areas which are normally difficult to find properties in.

Villas can appeal to various cohort of ages, and are able to resell relatively easily as the location of the properties are desirable.

The bayside area in particular has a high demand for villas as more retirees seek to downsize and move towards the coast for a different, more relaxed lifestyle. The bayside area is also highly sought after due to the village like feeling of the various main streets, access to transport and the proximity to the CBD.

The villa on 2/76 Whyte Street in Brighton gained so much interest that its final price settled at a whopping 18 per cent above its reserve. This showcases how in demand villa units are in the bayside area, and illustrates just how valuable they are becoming.

Villas are attractive as they are low maintenance, and perfect for couples who are looking to downsize. Buyers are able to afford these villas as they more often than not would have sold their family homes, leaving them with plenty of money to invest in another property.

Villas are a good investment buy, and allow homeowners to downsize their homes without having to sacrifice the neighbourhood feeling that they enjoy.