207/25-27 Hotham St, East Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1970. The property has a land size of 30m2 and floor size of 53m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom Unit sold in East Melbourne in the last 12 months.
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. 6.8%) 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.
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 5,738 properties. Over the last 5 years, Houses in East Melbourne have seen a -6.10% decrease in median value, while Units have seen a -22.44% decrease. As at 31 August 2024:
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