FOR SALE
Private Sale $295,000

207/25 Hotham Street
East Melbourne VIC 3002

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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High-Yield Investment Opportunity - Secure Lease in Place!

Experience the perfect inner-city living lifestyle with this stylish studio apartment nestled in the heart of prestigious East Melbourne. Boasting a prime location that's second to none, this property offers a unique blend of convenient lifestyle and fantastic investment potential. Currently leased at $1,651 per month until January 2025, it presents great rental returns ( ROI Approx. 6.7%) for savvy investors.
The property offers light, space, and tranquil outlooks due to its east-facing and corner positioning. It features a functional modern kitchen, an open living area with a built-in wardrobe, and a well-appointed bathroom. Within a secure building with intercom access, residents enjoy peace of mind and security.
Just a beautiful stroll through parklands, including Fitzroy Gardens, brings you to the heart of the city in just a few minutes. Additionally, Bridge Road's cosmopolitan retail strip, excellent bars, restaurants, and the MCG are also within walking distance. This central location is near all transport options, including West Richmond Station, Jolimont Station, trams, and buses.
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Property Details for 207/25 Hotham St, East Melbourne

207/25 Hotham St, East Melbourne is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Caine Real Estate.

Building Type
Apartment

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About East Melbourne 3002

The size of East Melbourne is approximately 1.9 square kilometres. It has 10 parks covering nearly 46% of total area. The population of East Melbourne in 2011 was 4,714 people. By 2016 the population was 4,987 showing a population growth of 5.8% in the area during that time. The predominant age group in East Melbourne is 30-39 years. Households in East Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Melbourne work in a professional occupation. In 2011, 42.8% of the homes in East Melbourne were owner-occupied compared with 43.6% in 2016.

East Melbourne has 5,742 properties. Over the last 5 years, Houses in East Melbourne have seen a 10.08% increase in median value, while Units have seen a -12.96% decrease. As at 31 July 2024:

  • The median value for Houses in East Melbourne is $3,150,999 while the median value for Units is $757,779.
  • Houses have a median rent of $1,100 while Units have a median rent of $600.
There are currently 38 properties listed for sale, and 21 properties listed for rent in East melbourne on OnTheHouse. According to CoreLogic's data, 230 properties were sold in the past 12 months in East melbourne.

Suburb Insights for East Melbourne 3002

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May Wang
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Elli Blanco
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Caine Real Estate
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.