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Sold on 26 Oct 2024 for $840,000

5/40 Creswick Street
Hawthorn VIC 3122

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 94m2
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Property Details for 5/40 Creswick St, Hawthorn

5/40 Creswick St, Hawthorn is a 3 bedroom, 1 bathroom Apartment. The property has a floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 3 bedroom Apartment sold in Hawthorn in the last 12 months.

Building Type
Apartment
Floor Size
94m2
Local Government
Boroondara
Lot/Plan
5/LP41429

Last Listing description (October 2024)

Nestled at the rear of a boutique Art Deco block of only five, this ground-floor apartment offers a rare opportunity to enjoy serene living in one of Hawthorn's most picturesque pockets. Set against the lush greenery near Yarra Bank Reserve and moments from the vibrant café culture of Bridge Road, this home promises both peace and urban convenience.

Boasting beautiful period details, including polished timber floors and high decorative ceilings, the home exudes character and charm. The spacious, light-filled interior features two generously sized bedrooms, one with built-in robes, plus a versatile third bedroom that could easily be used as a home office or study-ideal for working from home or guest accommodation.

The heart of the home is the sun-drenched kitchen and meals area, framed by expansive windows overlooking the lush communal garden-a perfect spot for relaxed dining. A separate living room provides a comfortable retreat for everyday living, while the bathroom is stylish and fresh. A rare feature in apartment living, this home offers a large separate laundry with access to the shared outdoor areas.

Other highlights include split system air conditioning, private rear access leading directly to the beautiful garden space, ideal for quiet outdoor relaxation or entertaining amidst the greenery, and a permit for all-day street parking.

Enjoy the fantastic location, only a short walk to the 48 tram, Hawthorn Station, and the stunning Yarra River Trail, perfect for walking or riding. With Victoria Gardens Shopping Centre, Glenferrie Road, and an array of dining and transport options nearby, this property offers the best of both worlds-a peaceful retreat with all the convenience of inner-city living.

Whether you're an investor or an owner-occupier, this unique Art Deco gem is an exceptional find in a tightly held and highly desirable Hawthorn location.

Finer details
OC Fees: $6,468 per annum (approx.)
Council Rates: $1,095 per annum (approx.)
No. In Building: 1 of 6

Rental Appraisal: $650-$700 per week (approx.)

Internal Size: 94sqm (approx.)

Property Age: 1938

Title: Stratum
Owner Occupied vs Rented: 80/20
Deposit & Settlement: 10% Deposit, 30 - 45 Days Settlement

Primary School Zone: Hawthorn West Primary School
Secondary School Zone: Richmond High School, Melbourne Girls College

Closest Supermarket: IGA express (1km)

Closest Train Station: Hawthorn Station (1.1km)

Closest Park: St James Park (750m)

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Property History for 5/40 Creswick St, Hawthorn, VIC 3122

A timeline of how this property has performed in the market
Last Sold
$840,000
26 Oct 2024
Listed for Rent
$410/w
05 Sep 2010
  • 26 Oct 2024
    Sold for $840,000
  • 27 Sep 2024
    Listed for Sale $800,000 - $850,000
  • 25 Aug 2010
    Listed for Rent - Price not available
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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 16,393 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.
There are currently 35 properties listed for sale, and 23 properties listed for rent in Hawthorn on OnTheHouse. According to CoreLogic's data, 802 properties were sold in the past 12 months in Hawthorn.

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