23 Hotham Grove, Ripponlea, VIC 3185 | House for sale | OnTheHouse
FOR SALE
$4,500,000

23 Hotham Grove
Ripponlea VIC 3185

Bedrooms: 4
Bathrooms: 3
Car spaces: 4
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HUGE ALLOTMENT WITH VICTORIAN MANSION

Privately set on an expansive 1,310m² (approx.) of prime residential land, this substantial mansion residence presents a rare and versatile opportunity in one of Elsternwick’s most sought-after locations.
Beautifully maintained and ready to occupy or lease immediately, the home also offers exciting potential to refurbish, extend, or redevelop the rear (STCA). Boasting three street frontages, the property provides exceptional flexibility for subdivision or future development (STCA).
Ideally positioned within walking distance of both the vibrant Glenhuntly Road and Glen Eira Road shopping and dining precincts, and well-connected by nearby trams and multiple train stations along Brighton Road.
Currently generating a solid rental return of approximately $7,000 per month, with vacant possession also available. Extended settlement terms will be considered.
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Property Details for 23 Hotham Gr, Ripponlea

23 Hotham Gr, Ripponlea is a 4 bedroom, 3 bathroom House with 4 parking spaces. The place is currently for sale with Whiting & Co .

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About Ripponlea 3185

The size of Ripponlea is approximately 0.3 square kilometres. It has 2 parks covering nearly 3.5% of total area. The population of Ripponlea in 2016 was 1576 people. By 2021 the population was 1532 showing a population decline of 2.8% in the area during that time. The predominant age group in Ripponlea is 30-39 years. Households in Ripponlea are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ripponlea work in a professional occupation.In 2021, 49.70% of the homes in Ripponlea were owner-occupied compared with 43.60% in 2016.

Ripponlea has 938 properties. Over the last 5 years, Houses in Ripponlea have seen a 8.60% increase in median value, while Units have seen a -3.50% decrease. As at 31 October 2025:

  • The median value for Houses in Ripponlea is $1,885,755 while the median value for Units is $548,136.
  • Houses have a median rent of $600 while Units have a median rent of $520.
There are currently 2 properties listed for sale, and no properties listed for rent in Ripponlea on OnTheHouse. According to Cotality's data, 40 properties were sold in the past 12 months in Ripponlea.

Suburb Insights for Ripponlea 3185

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Dannie Corr
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Whiting & Co
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.