OFF MARKET

212/60 Waverley Road
Malvern East VIC 3145

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 918m2
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Property Details for 212/60 Waverley Rd, Malvern East

212/60 Waverley Rd, Malvern East is a 2 bedroom, 1 bathroom Unit and was built in 2004. The property has a land size of 918m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
2004
Land Size
918m2
Local Government
Stonnington
Lot/Plan
212/PS504840

Last Listing description (May 2023)

Introducing a fantastic investment opportunity in the heart of Malvern East - a beautifully presented 3 bedroom student investment apartment that generates a gross income of $40,680 per annum.

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.

Inside, the apartment is well-maintained and features three spacious bedrooms, a modern kitchen, and an open-plan living area that is perfect for entertaining. The apartment is also fully furnished, ensuring that it is attractive to students seeking comfortable and convenient accommodation. In addition, the property is in a prime location for capital growth, which means that there is potential for the property to increase in value over time.

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.

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Property History for 212/60 Waverley Rd, Malvern East, VIC 3145

A timeline of how this property has performed in the market
Last Sold
$350,000
12 May 2023
  • 12 May 2023
    Sold for $350,000
  • 08 May 2023
    Listed for Sale Contact Agent
  • 15 Jan 2004
    Sold for $395,000

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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 12,619 properties. Over the last 5 years, Houses in Malvern East have seen a 17.83% increase in median value, while Units have seen a 4.48% increase. As at 31 July 2024:

  • The median value for Houses in Malvern East is $2,159,190 while the median value for Units is $662,277.
  • Houses have a median rent of $800 while Units have a median rent of $495.
There are currently 50 properties listed for sale, and 23 properties listed for rent in Malvern east on OnTheHouse. According to CoreLogic's data, 440 properties were sold in the past 12 months in Malvern east.

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