12/949 Dandenong 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 November 2023. There are other 1 bedroom Apartment sold in Malvern East in the last 12 months.
Diversify your portfolio with this modern one-bed student-apartment, capable of strong ongoing rental return of $1,304 per calendar month and growing year-on-year.
With a lack of units to rent and queue's of renters waiting, the potential for exceptional returns in the coming years is as solid as bricks and mortar!
This furnished apartment offers the ideal home base, with bed, wardrobe, fridge, microwave, study desk and chair. A contemporary, neutral setting in great condition, with a large private terrace accessible via sliding windowed door. Part of the Monash Gate building accommodating residents attending nearby Monash Uni, residents also have access to communal facilities including a laundry and social common area.
Situated just five minutes’ walk from Monash University, students are perfectly placed. A seven minute walk to Caulfield Train Station means accessing neighbouring suburbs and Melbourne CBD could not be easier. Bus routes run to and from Chadstone Shopping Centre, which offers a considerable range of options in shopping, dining, and entertainment.
Currently leased to Jan 2024.
NOTE - Images are of the actual apartment and include styled and staged furniture for advertising purposes.
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 12,622 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:
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