FOR SALE
$130k

108/60 Waverley Road
Malvern East VIC 3145

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Student accommodation Investment with secure returns

Introducing a fantastic investment opportunity in the heart of Malvern East - a beautifully presented 1 bedroom student-only investment apartment that generates a gross income of $1,434/calendar month (approx $330/week).
This property boasts a prime location that is surrounded by public transport options, providing easy access to nearby universities and colleges. With its close proximity to educational institutions, this property is in high demand and offers a secure and reliable source of income.
Outgoings:
General Council Rates approx: $125/qtr*
Water Services approx: $185/qtr*
Owners Corp Fee approx: $729/qtr*
*Please confirm these figures with the Section 32. This is a guide only
NOTE this is Student Accommodation Only.
Inside, the apartment is well-maintained and features a modern kitchen, and an open-plan living area that is perfect for entertaining. The apartment is also furnished, ensuring that it is attractive to students seeking comfortable and convenient accommodation.
Overall, this is an amazing investment opportunity that is not to be missed. With its desirable location, high rental yield, and potential for capital growth, this property is a must-see for any savvy investor looking for a secure and reliable source of passive income.
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Property Details for 108/60 Waverley Rd, Malvern East

108/60 Waverley Rd, Malvern 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 Malvern East 3145

The size of Malvern East is approximately 7.7 square kilometres. It has 25 parks covering nearly 14.3% of total area. The population of Malvern East in 2011 was 20,066 people. By 2016 the population was 21,713 showing a population growth of 8.2% in the area during that time. The predominant age group in Malvern East is 20-29 years. Households in Malvern East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Malvern East work in a professional occupation. In 2011, 68% of the homes in Malvern East were owner-occupied compared with 64.9% in 2016.

Malvern East has 12,619 properties.

    There are currently 51 properties listed for sale, and 16 properties listed for rent in Malvern east on OnTheHouse. According to CoreLogic's data, 432 properties were sold in the past 12 months in Malvern east.

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