644 Burwood RoadHawthorn East VIC 3123
Property Details for 644 Burwood Rd, Hawthorn East
Last Listing description (November 2023)
Gorman Allard Shelton is pleased to present 644 Burwood Road, Hawthorn East for sale via Public Auction on Wednesday 22nd November at 11am on-site.
An outstanding investment opportunity situated within this affluent inner-eastern pocket and underpinned by a longstanding local favourite eatery, St Cloud Eating House.
Key highlights are as follows:
* Income: $58,848 pa + GST + outgoings
* Lease term: 5 + 5 + 5 years
* Longstanding tenant in occupation since 2015
* High exposure location within popular Auburn Village
* On-site car parking
* Within walking distance to Swinburne University with over 30,000 enrolments
Located within the heart of Hawthorn East, metres from Auburn Train Station and surrounded by a number of apartment developments.
Property History for 644 Burwood Rd, Hawthorn East, VIC 3123
- 22 Nov 2023Sold for $1,360,000
- 25 Oct 2023Listed for Sale Contact Agent
- 15 Jul 2021Listed for Rent $37,000 / year
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0About Hawthorn East 3123
The size of Hawthorn East is approximately 3.5 square kilometres. It has 9 parks covering nearly 7.3% of total area. The population of Hawthorn East in 2011 was 13,101 people. By 2016 the population was 14,306 showing a population growth of 9.2% in the area during that time. The predominant age group in Hawthorn East is 20-29 years. Households in Hawthorn East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Hawthorn East work in a professional occupation. In 2011, 59% of the homes in Hawthorn East were owner-occupied compared with 53.1% in 2016.
Hawthorn East has 9,868 properties. Over the last 5 years, Houses in Hawthorn East have seen a 10.74% increase in median value, while Units have seen a 6.64% increase. As at 31 October 2024:
- The median value for Houses in Hawthorn East is $2,364,753 while the median value for Units is $683,840.
- Houses have a median rent of $810 while Units have a median rent of $525.
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