108/60 Waverley RoadMalvern East VIC 3145
Property Details for 108/60 Waverley Rd, Malvern East
108/60 Waverley Rd, Malvern East is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 1 bedroom Apartment sold in Malvern East in the last 12 months.
Last Listing description (July 2024)
Introducing a fantastic investment opportunity in the heart of Malvern East - a beautifully presented 1 bedroom student-only investment apartment that generates a gross income of $1,434/calendar month (approx $330/week).
This property boasts a prime location that is surrounded by public transport options, providing easy access to nearby universities and colleges. With its close proximity to educational institutions, this property is in high demand and offers a secure and reliable source of income.
Outgoings:
Water Services approx: $185/qtr*
Owners Corp Fee approx: $729/qtr*
*Please confirm these figures with the Section 32. This is a guide only
NOTE this is Student Accommodation Only.
Inside, the apartment is well-maintained and features a modern kitchen, and an open-plan living area that is perfect for entertaining. The apartment is also furnished, ensuring that it is attractive to students seeking comfortable and convenient accommodation.
Overall, this is an amazing investment opportunity that is not to be missed. With its desirable location, high rental yield, and potential for capital growth, this property is a must-see for any savvy investor looking for a secure and reliable source of passive income.
Contact us today to arrange a viewing and to learn more about this fantastic investment opportunity in Student-Only Accommodation.
NOTE - images show staged furniture for advertising purposes only.
Property History for 108/60 Waverley Rd, Malvern East, VIC 3145
- 24 Jul 2024Sold for $118,000
- 29 May 2024Listed for Sale UNDER OFFER
- 25 Jan 2024Listed for Rent $330 / week
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About Malvern East 3145
The size of Malvern East is approximately 7.7 square kilometres. It has 25 parks covering nearly 14.3% of total area. The population of Malvern East in 2011 was 20,066 people. By 2016 the population was 21,713 showing a population growth of 8.2% in the area during that time. The predominant age group in Malvern East is 20-29 years. Households in Malvern East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Malvern East work in a professional occupation. In 2011, 68% of the homes in Malvern East were owner-occupied compared with 64.9% in 2016.
Malvern East has 12,617 properties. Over the last 5 years, Houses in Malvern East have seen a 9.32% increase in median value, while Units have seen a -4.80% decrease. As at 31 August 2024:
- The median value for Houses in Malvern East is $2,114,730 while the median value for Units is $643,028.
- Houses have a median rent of $795 while Units have a median rent of $500.
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