SOLD
Sold on 15 Dec 2023 for $8,139,998

1 Studley Park Road
Kew VIC 3101

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 538m2
Sold By
Prince Corporation
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Property Details for 1 Studley Park Rd, Kew

Building Type
Land
Land Size
538m2
Local Government
Boroondara
Lot/Plan
1/TP236283

Last Listing description (November 2023)

Stonebridge Property Group, acting under instructions from Receivers and Managers, KordaMentha, is pleased to present for sale 1 Studley Park Road, Kew.

A partially constructed 10-storey apartment building, comprising 26 apartments ranging from 1-bedroom to 4-bedroom dwellings, with outstanding views to Melbourne CBD, Box Hill, Port Phillip Bay, and the Dandenong Ranges, as well as a 2-level basement and ground floor retail tenancy with frontage to Kew Junction.

There are extensive works already completed on the site, boasting a fully dug out basement, the structure of the building is topped out and a large portion of the apartments have been plastered.

Kew is a prestigious and affluent inner eastern suburb. The property is situated in the heart of Kew Junction, providing access to all essential and boutique retail amenities including Leo's Fine Food & Wine Supermarket (150 m*) and Woolworths (300 m*).

Kew has an abundance of connectivity options with immediate access to trams along High Street, nearby Hawthorn Train Station (1.6 km*), and easy access to the Eastern Freeway (1.8 km*) and Monash Freeway (2.5 km*).

Kew is one of Melbourne's best located suburbs for surrounding lifestyle amenity, including Alexandra Gardens (400 m*), the Main Yarra Walking Trail (700 m*), Yarra River (800 m*), Yarra Bend Golf Course (1.1 km*), Studley Park (1.5 km*), and Studley Park Boat House (1.9 km*).

The key highlights of the opportunity include:

- Improved with a well-advanced 10-storey apartment building, comprising 26 spacious apartments with outstanding views, 2 levels of basement and 1 retail tenancy.

- Existing works on site are extensive, boasting a fully dug out basement, the structure of the building is topped out and a large portion of the apartments have been plastered.

- In the heart of Kew Junction providing exceptional connectivity via trams along High Street, and access to all essential and boutique retail amenities including Leo's Fine Food & Wine Supermarket (150 m*) and Woolworths (300 m*)

- Surrounded by prestigious education institutions: Xavier College (350 m*), Trinity Grammar School (650 m*), Sacred Heart Kew Primary School (750 m*) and Melbourne Girls College (1.9 km*)

- One of Melbourne's best located suburbs for surrounding lifestyle amenity, nearby Alexandra Gardens (400 m*), Main Yarra Walking Trail (700 m*), Yarra River (800 m*), Yarra Bend Golf Course (1.1 km*), Studley Park (1.5k m*), and Studley Park Boat House (1.9 km*).

- Strong residential market with a track record of apartments selling at a premium, boasting a median unit price of $838,000^ and median house price of $2,760,000

- Opportunity for builders, developers, or investors to complete and sell the project, or hold as an investment.

1 Studley Park Road, Kew is offered for sale via Expressions of Interest closing Thursday 7th December 2023 at 2PM (AEDT). To obtain further information, or to arrange an inspection, please contact the exclusive selling agents.

Julian White
0422 764 137

Andrew Milligan
0421 559 992

Chao Zhang
0411 625 068

^REIV (2023)
*Approximately

Property Code: 810

Property History for 1 Studley Park Rd, Kew, VIC 3101

A timeline of how this property has performed in the market
Last Sold
$8,139,998
15 Dec 2023
  • 15 Dec 2023
    Sold for $8,139,998
  • 02 Nov 2023
    Listed for Sale Contact the Stonebridge Team
  • 04 May 2021
    Listed for Sale $800,000
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About Kew 3101

The size of Kew is approximately 10.5 square kilometres. It has 37 parks covering nearly 18% of total area. The population of Kew in 2011 was 23,876 people. By 2016 the population was 24,613 showing a population growth of 3.1% in the area during that time. The predominant age group in Kew is 20-29 years. Households in Kew are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Kew work in a professional occupation. In 2011, 68.6% of the homes in Kew were owner-occupied compared with 66.1% in 2016.

Kew has 13,870 properties. Over the last 5 years, Houses in Kew have seen a 10.76% increase in median value, while Units have seen a 11.40% increase. As at 30 September 2024:

  • The median value for Houses in Kew is $2,706,612 while the median value for Units is $859,275.
  • Houses have a median rent of $1,050 while Units have a median rent of $595.
There are currently 40 properties listed for sale, and 19 properties listed for rent in Kew on OnTheHouse. According to CoreLogic's data, 613 properties were sold in the past 12 months in Kew.

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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.