FOR SALE
$119,990

509/2 Eastern Place
Hawthorn East VIC 3123

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Solid investment with high yield

Incredible investment opportunity in the heart of thriving Hawthorn with rental income of $265/week and rising to $315/week approx in the new year!
Situated in a modern student-only accommodation building, this furnished studio is perfect for anyone needing their own space close to campus or savvy investors wanting to buy into this thriving market. Bursting with an abundance of natural light along with a spacious kitchen and your own bathroom, comfort is ensured throughout.
Living in this convenient location means everything you need is within walking distance or only a short trip via public transport. Swinburne University is just an 8-minute walk from your doorstep, as well as all amenities such as shops, trams and Auburn strain station being nearby. Deakin University is around 30 minutes via Tram 75, and Melbourne CBD is about 20 minutes on the train.
This unit offers:
- communal laundry
- entertainment room, great for those days where you need to unwind from the university lifestyle, as well as a large, shared terrace for all residents to relax and enjoy.
Car parking is also available to rent at discounted rates, for residents only.
Call now to secure a private viewing.
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Property Details for 509/2 Eastern Pl, Hawthorn East

509/2 Eastern Pl, Hawthorn East is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Viva Property.

Building Type
Apartment

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About Hawthorn East 3123

The size of Hawthorn East is approximately 3.5 square kilometres. It has 9 parks covering nearly 7.3% of total area. The population of Hawthorn East in 2011 was 13,101 people. By 2016 the population was 14,306 showing a population growth of 9.2% in the area during that time. The predominant age group in Hawthorn East is 20-29 years. Households in Hawthorn East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Hawthorn East work in a professional occupation. In 2011, 59% of the homes in Hawthorn East were owner-occupied compared with 53.1% in 2016.

Hawthorn East has 9,948 properties. Over the last 5 years, Houses in Hawthorn East have seen a 13.63% increase in median value, while Units have seen a 5.63% increase. As at 31 August 2024:

  • The median value for Houses in Hawthorn East is $2,389,149 while the median value for Units is $657,799.
  • Houses have a median rent of $850 while Units have a median rent of $525.
There are currently 50 properties listed for sale, and 17 properties listed for rent in Hawthorn east on OnTheHouse. According to CoreLogic's data, 479 properties were sold in the past 12 months in Hawthorn east.

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