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Sold on 22 Oct 2024 - Price Unavailable

118/60 Waverley Road
Malvern East VIC 3145

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 118/60 Waverley Rd, Malvern East

118/60 Waverley Rd, Malvern East is a 1 bedroom, 1 bathroom Studio. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 1 bedroom Studio sold in Malvern East in the last 12 months.

Building Type
Studio
Local Government
Stonnington
Lot/Plan
118/PS504840

Last Listing description (October 2024)

Introducing an exceptional investment opportunity in the heart of Malvern East: a beautifully presented one-bedroom, student-only investment apartment. This property offers a secure and reliable source of passive income.

Ideally located with easy access to public transport and proximity to Monash University, this apartment is always in high demand. Its prime location ensures consistent occupancy, making it a solid, low-risk investment.

Current rental income: $1,434 per month (until Jan 2025)

Newly signed 12-month lease with rental income of $1,560 per month starting 7th February 2025

Outgoings:
• General Council Rates: Approx. $127 per quarter*
• Water Services: Approx. $187 per quarter*
• Owners Corporation Fee: Approx. $804.37 per quarter*
• High rental yield in a sought-after location near major educational institutions.

This is a rare and remarkable investment opportunity for savvy investors seeking secure, steady returns. With its potential for capital growth, desirable location, and consistent rental income, this student-only accommodation is a must-see.

Don't miss out. Contact us today to arrange a viewing and explore this fantastic opportunity further!

Disclaimer: We have, in preparing this document, used our best endeavours to ensure that the information contained in this document is true and accurate, but we accept no responsibility and disclaim all liability with respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

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Property History for 118/60 Waverley Rd, Malvern East, VIC 3145

A timeline of how this property has performed in the market
Last Sold
22 Oct 2024
Listed for Rent
$330/w
09 Oct 2023
  • 22 Oct 2024
    Sold for $118,100
  • 16 Oct 2024
    Listed for Sale Online Auction | $100,000 - $110,000
  • 09 Oct 2023
    Listed 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 12,559 properties. Over the last 5 years, Houses in Malvern East have seen a 17.33% increase in median value, while Units have seen a 2.55% increase. As at 31 October 2024:

  • The median value for Houses in Malvern East is $2,267,143 while the median value for Units is $658,303.
  • Houses have a median rent of $780 while Units have a median rent of $500.
There are currently 46 properties listed for sale, and 28 properties listed for rent in Malvern east on OnTheHouse. According to CoreLogic's data, 449 properties were sold in the past 12 months in Malvern east.

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