220/616 Glenferrie RoadHawthorn VIC 3122
Property Details for 220/616 Glenferrie Rd, Hawthorn
220/616 Glenferrie Rd, Hawthorn is a 1 bedroom, 1 bathroom House. The property has a land size of 1176m2. While the property is not currently for sale or for rent, it was last sold in July 2017.
Last Listing description (July 2017)
This cosmopolitan studio apartment, only 6 years old, is nestled among Glenferrie road shopping, cafe and restaurant precinct.
Under a long term, hassle free lease, with 4% increases until 2021, it will make a great addition to your investment portfolio.
With no refurbishments due & walking proximity to Hawthorn's Universities, major hospitals, private colleges and a short tram trip to Melbourne CBD, MCG, Rod laver arena and Richmond's China town precinct.
Current Rent: : $380.65 per week ($19,794.00 pa)
Next Rent Increase: May 2018
Current Return: 6.59 % Gross
Further increases as follows:
May 2018: - $20,585.76 Return: 6.86%
May 2019: - $21,409.19 Return: 7.13%
May 2020: - $20, 265.56 Return: 7.42%
Lease Terms: Lease to 30/05/2021 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2021)
Approximate Owner Outgoings:
Council Rates: $1170.00
Water Rates: $880.00
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $752.00 p/a
Property History for 220/616 Glenferrie Rd, Hawthorn, VIC 3122
- 11 Jul 2017Sold for $311,500
- 27 Jun 2017Listed for Sale Not Disclosed
- 15 Aug 2011Sold for $300,000
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About Hawthorn 3122
The size of Hawthorn is approximately 5.9 square kilometres. It has 29 parks covering nearly 10.8% of total area. The population of Hawthorn in 2011 was 21,177 people. By 2016 the population was 23,512 showing a population growth of 11.0% in the area during that time. The predominant age group in Hawthorn is 20-29 years. Households in Hawthorn are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Hawthorn work in a professional occupation. In 2011, 47.6% of the homes in Hawthorn were owner-occupied compared with 45.9% in 2016.
Hawthorn has 16,381 properties. Over the last 5 years, Houses in Hawthorn have seen a 14.40% increase in median value, while Units have seen a 3.58% increase. As at 31 October 2024:
- The median value for Houses in Hawthorn is $2,623,116 while the median value for Units is $592,356.
- Houses have a median rent of $800 while Units have a median rent of $520.
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