206/60 Waverley Rd, Malvern East is a 3 bedroom, 2 bathroom Unit and was built in 2003. The property has a land size of 917m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 3 bedroom Unit sold in Malvern East in the last 12 months.
-180m or 3-minute walk to Monash Caulfield campus
-Annual gross 13% return of investment
-Three bedroom, two bathroom apartment in student-only complex
A sure winner as a sound investment, this 3-bedroom, 2-bathroom residence is situated within a secure, student-only complex of 60 apartments, just 180m or a three-minute walk to Monash University, Caulfield campus.
Offering one of the building's bigger floorplans, the apartment features a generous open plan living/dining zone, a well-equipped kitchen area, three generous bedrooms with built-in storage and desks plus the convenience of two separate bathrooms.
Once leased, your tenants will also have access to on-site laundry provisions and a communal barbeque area along with a recreation room, giving them the chance to socialise with fellow student residents in a safe and friendly environment.
There are over 14,000 students enrolled at the Caulfield campus of Monash University - including many international students - making this proposition incredibly appealing to a huge range of investors.
In addition to proximity to the university itself, the address is well-serviced by public transport including buses, trams and city-bound trains, while locale and major shopping destinations, cafes and restaurants are all nearby.
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:
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