Current Development
17 Hemming Street, Brighton East VIC 3187
Gambit Property proudly presents the Hemming Street development project, a premium townhouse development located in the highly sought-after suburb of Brighton East.
This boutique development consists of three architecturally designed townhouses, combining modern design, functional layouts, and high-quality finishes to deliver a superior living experience.
Positioned in a prime residential pocket, the project benefits from close proximity to schools, parks, transport, and lifestyle amenities, making it ideal for both owner-occupiers and investors.
The project has been carefully planned to maximise land value, optimise design efficiency, and deliver strong market appeal in one of Melbourne's most established suburbs.
Premium Bayside Living
Brighton East is one of Melbourne's most prestigious bayside suburbs, known for its high-end homes, strong buyer demand, and premium lifestyle appeal.
A tightly held, high-performing location that supports premium development outcomes and strong resale values.
| Townhouse | Description | Estimated Sale Price |
|---|---|---|
| Townhouse 1 | 4 Bed + 2.5 Bath + 2 Garage | $2,050,000 |
| Townhouse 2 | 4 Bed + 2.5 Bath + 1 Garage | $1,975,000 |
| Townhouse 3 | 3 Bed + 2.5 Bath + 1 Garage | $1,850,000 |
| Total GRV | $5,875,000 | |
~20.8%
Profit Margin on Cost
~20.8%
Return on Investment
~$336,509
Profit per Townhouse
Market comparables for Brighton East townhouses (July 2026)
| Address | Type | Bed/Bath/Car | Price | Date/Status |
|---|---|---|---|---|
| 20A Carr Street | Luxury TH | 4/2/2 | $2,525,000 | Oct 2025 |
| 15A Studley Road | Luxury TH | 4/2/2 | $2,650,000 | Oct 2025 |
| 7 Churchill Court | Townhouse | 4/3/2 | $2,110,000 | Sep 2025 |
| 43 Baird Street | Townhouse | 4/2/2 | $2,050,000 | Feb 2026 |
| 173 Thomas Street | Townhouse | 4/3/2 | $2,295,000 | Jul 2025 |
| 16B Clonaig Street | Townhouse | 4/2/3 | $2,285,000 | Aug 2025 |
| 5A Lilac Crescent | Townhouse | 4/3/2 | $2,000,000 | Jul 2025 |
| 37B Canberra Grove | Townhouse | 4/2/3 | $1,910,000 | Nov 2025 |
| 81 Thomas Street | Townhouse | 4/3/2 | $1,816,000 | Nov 2025 |
| 20B Carr Street | New TH | 4/2/2 | $2.35m–$2.45m | For Sale |
| 8B Valdemar Court | New TH | 4/3/2 | $1.85m–$2.0m | For Sale |
Analysis: Market comparables show established townhouses trading in the $1.8M–$2.65M range. New construction typically commands a 3–5% premium. 17 Hemming Street GRV of $5,875,000 (average $1,958,333 per townhouse) is well-supported by recent sales activity and current listings in the market.
* This feasibility snapshot is a preliminary estimate only. It does not constitute financial, legal, or investment advice. Costs, fees, finance terms, and sale prices may vary. GST and tax implications not included. For detailed analysis, please contact Gambit Property.
