SOLD
Sold on 21 Nov 2023 for $330,000

206/60 Waverley Road
Malvern East VIC 3145

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 55m2
Land area: 917m2
Sold By
Austen Kosasih
Ray White Southbank & Port Phillip
David Umana
Ray White Southbank & Port Phillip
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Property Details for 206/60 Waverley Rd, Malvern East

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.

Building Type
Unit
Year Built
2003
Floor Size
55m2
Land Size
917m2
Local Government
Stonnington
Lot/Plan
206/PS504840

Last Listing description (December 2023)

-180m or 3-minute walk to Monash Caulfield campus
-Annual gross 13% return of investment
-Three bedroom, two bathroom apartment in student-only complex

-Open plan living/dining area
-Well-equipped kitchen
-Robes and desks in all bedrooms
-With the convenience of two bathrooms
-On-site laundry provisions
-Communal BBQ area and recreation room

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.

Property History for 206/60 Waverley Rd, Malvern East, VIC 3145

A timeline of how this property has performed in the market
Last Sold
$330,000
21 Nov 2023
  • 21 Nov 2023
    Sold for $330,000
  • 27 Oct 2023
    Listed for Sale $300,000 - $330,000
  • 19 Jul 2007
    Sold for $352,000
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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.

Suburb Insights for Malvern East 3145

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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.