5 Mikhail GroveHastings VIC 3915
Property Details for 5 Mikhail Gr, Hastings
5 Mikhail Gr, Hastings is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 397m2. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 3 bedroom House sold in Hastings in the last 12 months.
Last Listing description (November 2025)
INVESTORS: This lovely modern home is located in Hastings approximately 60km from Melbourne CBD in the Western Port Bay region. Currently leased to Defence Housing (DHA) on a long term lease which expires in 2028. Built in 2019 and still offering astute investors a great opportunity for capital growth. Conveniently located in a sought after area of Hastings, tucked away amongst beautiful surroundings, this wonderful home is close to Western Port beaches and boating opportunities, coastal walks, world-class wineries, shopping, entertainment and excellent schools within walking distance.
A DHA (Defence Housing Australia) lease offers the new owners amazing inclusions such as guaranteed rental income, a comprehensive property care/maintenance package, & annual independent professional rental valuations and adjustments, all of which are designed for stress free investing. Ideal for investors located anywhere in the country, superannuation funds, and perfect for those starting their property portfolio and looking for a safe and secure option. At lease end the home is repainted and recarpeted at DHA's expense, before being handed back for you to move in, rent out privately or sell. You can also choose to discuss DHA's requirements for the home on a longer term basis with the potential for a new lease. You're free to onsell to another investor at any time during the lease.
LEASE DETAILS :
* Lease start date 8-10-2019
* Lease end date 7-10-2028
* Lease option USED
* Right to vary 1 x up to 12 months Reduction and 1 x up to 12 months Extension
* All options extensions are in DHA's favour
RENT 2025: $550PW and adjusted annually in January based on the assessment from independent professional valuer.
PROPERTY FEATURES:
* 3 bedrooms inc Master suite with Walk In Robe and Ensuite
* 2 Separate living areas
* Fresh modern kitchen with access to large outdoor entertaining area through glass sliding doors.
* Double lock up garage with internal access.
* Security Screens throughout
* Ceiling fans in all rooms
* Fully fenced flat rear yard
* 397 sqm block
* Built in 2019 and still offering strong tax depreciation benefits.
ABOUT HASTINGS :
Hastings is a charming seaside town located on the Mornington Peninsula, offering a relaxed coastal lifestyle. With stunning beaches, picturesque coastal walks, and a vibrant community, Hastings provides the perfect escape from city life. Enjoy fresh seafood, boutique shopping, and a range of recreational activities, all within easy reach.
DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews
* Most non structural maintenance paid for by DHA
* The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement).
* Zero re-letting fees
RATES :
Council approx $450 per quarter
Water approx $238 per quarter
** A note for Owner Occupiers -This property is sold with a DHA (Defence Housing Australia) lease in place which offers significant benefits to the investor however can’t be occupied by the owner/s until the lease ends **
***Investing with DHA - This property is for sale on behalf of a DHA Lessor and has a DHA Lease Agreement in place. Visit dha.gov.au to learn about the benefits of investing in a DHA property. If you would like to arrange an inspection please contact Sharon Richter of Hudson Property Agents. In accordance with DHA regulations, we advise that this property will only be available for private inspections and must be co-ordinated by the agent with the tenants.
Information provided above has been obtained from various sources which we believe to be accurate, however, Hudson Property Agents accept no liability for any errors or omissions, including but not limited to a Floorplan, lease dates, build date, land size, floor plans and size, and property condition. Interested parties should make their own enquiries and conduct their own due diligence in addition to obtaining legal advice from their appointed solicitor or conveyancer.
Property History for 5 Mikhail Gr, Hastings, VIC 3915
- 10 Nov 2025Listed for Sale $720,000 - $750,000
- 06 Nov 2025Sold for $725,000
- 20 May 2025Listed for Sale $720,000 - $750,000
Recent sales nearby
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About Hastings 3915
The size of Hastings is approximately 26.5 square kilometres. It has 23 parks covering nearly 3.4% of total area. The population of Hastings in 2016 was 9609 people. By 2021 the population was 10369 showing a population growth of 7.9% in the area during that time. The predominant age group in Hastings is 30-39 years. Households in Hastings are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hastings work in a trades occupation.In 2021, 64.90% of the homes in Hastings were owner-occupied compared with 58.30% in 2016.
Hastings has 6,366 properties. Over the last 5 years, Houses in Hastings have seen a 38.78% increase in median value, while Units have seen a 36.14% increase. As at 31 December 2025:
- The median value for Houses in Hastings is $763,630 while the median value for Units is $555,560.
- Houses have a median rent of $550 while Units have a median rent of $475.
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