FOR SALE
Online Auction | $100,000 - $110,000

118/60 Waverley Road
Malvern East VIC 3145

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Auction Time
Thu 14 Nov 6:00 pm
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Student Accommodation Investment with Secure Returns

Introducing an exceptional investment opportunity in the heart of Malvern East: a beautifully presented one-bedroom, student-only investment apartment. This property offers a secure and reliable source of passive income.
Ideally located with easy access to public transport and proximity to Monash University, this apartment is always in high demand. Its prime location ensures consistent occupancy, making it a solid, low-risk investment.
Current rental income: $1,434 per month (until Jan 2025)
Newly signed 12-month lease with rental income of $1,560 per month starting 7th February 2025
Outgoings:
• General Council Rates: Approx. $127 per quarter*
• Water Services: Approx. $187 per quarter*
• Owners Corporation Fee: Approx. $804.37 per quarter*
• High rental yield in a sought-after location near major educational institutions.
This is a rare and remarkable investment opportunity for savvy investors seeking secure, steady returns. With its potential for capital growth, desirable location, and consistent rental income, this student-only accommodation is a must-see.
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Property Details for 118/60 Waverley Rd, Malvern East

118/60 Waverley Rd, Malvern East is a 1 bedroom, 1 bathroom Studio. The place is currently for sale with Ray White Ashburton.

Building Type
Studio

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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 12,558 properties. Over the last 5 years, Houses in Malvern East have seen a 30.50% increase in median value, while Units have seen a 2.55% increase. As at 30 September 2024:

  • The median value for Houses in Malvern East is $2,255,080 while the median value for Units is $647,988.
  • Houses have a median rent of $800 while Units have a median rent of $500.
There are currently 48 properties listed for sale, and 26 properties listed for rent in Malvern east on OnTheHouse. According to CoreLogic's data, 456 properties were sold in the past 12 months in Malvern east.

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Suburb Insights for Malvern East 3145

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Philipson Sillah
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Zabiullah Sharifi
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Ray White Ashburton
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