SOLD
Sold on 21 Aug 2024 for $5,850,000

34 Auburn Road
Hawthorn VIC 3122

Bedrooms: 2
Bathrooms: 15
Car spaces: 15
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Property Details for 34 Auburn Rd, Hawthorn

Building Type
Land
Local Government
Boroondara
Lot/Plan
1/TP823077

Last Listing description (June 2024)

Prime opportunity

Stretching out on a coveted northeastern corner block, this 3-level Mid-Century complex of fifteen 2-bedroom apartments showcases an exclusive opportunity over 1,283sqm (approx.).

The choice is yours. Capitalise on the high investment potential of a light-filled collection, renovate at your leisure, or start afresh with the chance to piece together a multi-level, multi residence development (STCA) on the cusp of Auburn Village.

Prepared for sale in original or updated condition, the current 2 bedroom, 1 bathroom, 1 car-park layouts are capable of generating secure income while development plans are explored. Make the most of northern sunlight on the perimeter and build tall to maximise uninterrupted city views at the rear (STCA).

? 15 spacious and sunlit apartments on the one title
? All in comfortable living condition, some with commanding city views
? $24,681 current total rent each month, renovated apartments netting $2,042 monthly, original apartments at approximately $1,500
? Original Tasmanian oak flooring and Mid-Century period features

Enjoy close proximity to village rail, retail and restaurants, Glenferrie Road and Camberwell Junction attractions, Rathmines Reserve, Central Gardens, Swinburne University, leading private schools and key zoning to Canterbury Girls' Secondary College and Auburn Primary and High Schools. An inspection will impress!

For more information, please contact Shawn White today.

3 x LITTLE THINGS WE LOVE

1. Auburn Village
Boutique shopping, city trains and popular cafes

2. Central Gardens
Iconic Rocket Park with manicured gardens

3. Leading Private Schools
Close to Carey, MLC, Preshill and Xavier

Disclaimer:
Little Real Estate has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Little Real Estate toward the recipient with regard to the use of this information and all information given is given without responsibility.

Property History for 34 Auburn Rd, Hawthorn, VIC 3122

A timeline of how this property has performed in the market
Last Sold
$5,850,000
21 Aug 2024
  • 13 May 2024
    Listed for Sale Not Disclosed
  • 17 Oct 2023
    Listed for Rent $420.00 per week
  • 10 Mar 2022
    Listed for Rent $325.00 per week
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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 16,531 properties. Over the last 5 years, Houses in Hawthorn have seen a 6.88% increase in median value, while Units have seen a -3.54% decrease. As at 30 November 2024:

  • The median value for Houses in Hawthorn is $2,630,415 while the median value for Units is $578,792.
  • Houses have a median rent of $795 while Units have a median rent of $520.
There are currently 27 properties listed for sale, and 20 properties listed for rent in Hawthorn on OnTheHouse. According to CoreLogic's data, 822 properties were sold in the past 12 months in Hawthorn.

Suburb Insights for Hawthorn 3122

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.