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Sold on 31 Jan 2024 for $330,000

309/60 Waverley Road
Malvern East VIC 3145

Bedrooms: 3
Bathrooms: 1
Car spaces: -
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Property Details for 309/60 Waverley Rd, Malvern East

309/60 Waverley Rd, Malvern East is a 3 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 3 bedroom Apartment sold in Malvern East in the last 12 months.

Building Type
Apartment
Local Government
Stonnington
Lot/Plan
309/PS504840

Last Listing description (January 2024)

Seize the opportunity to invest in a rare and lucrative student accommodation option in the vibrant heart of Malvern East. Perfectly poised for high rental yields, this spacious three-bedroom apartment presents an unparalleled investment prospect, currently commanding an impressive annual rental of $32,592.

Located at an arm's length from Monash University Caulfield Campus, merely 180 meters away, this apartment is a student's dream, offering the perfect blend of communal living and private study spaces. Each of the three bedrooms is generously proportioned and comes with its own dedicated study area, catering to the unique needs of student residents.

The apartment's interior boasts a full-sized, modern kitchen that seamlessly flows into the living and dining area, creating an open-plan space ideal for socializing and relaxation. Adding to the convenience are two toilets, with one separate from the bathroom, ensuring comfort and ease for a group living arrangement.

Additional features of this exceptional investment include:

- Secure entrance, ensuring safety and peace of mind for residents.
- Communal laundry facilities, adding to the convenience of living
- Lift access to all levels, making it an accessible and comfortable living option.
- The availability of secure car parking for rent, a valuable commodity for students with vehicles.
- Affordable Wi-Fi rates to cater to the digital needs of students.

Strategically positioned in a sought-after locale, the apartment is surrounded by a plethora of cafes, restaurants, shops, and supermarkets in nearby Caulfield East, Malvern East, and Carnegie. The iconic Chadstone Shopping Centre is also a stone's throw away, offering endless retail and entertainment options.

In the wake of COVID-19, Melbourne's rental market is experiencing a severe shortage, particularly in student accommodation, with most apartments now at full capacity. The reopening of international borders has ushered in a significant influx of students, leading to a surge in rental demand and making this an opportune moment for investors to delve into this thriving sector.

Don't miss out on this exceptional chance to own a premium student accommodation property in one of Melbourne's most dynamic suburbs. Contact us today to discover more about this unique investment opportunity.

NOTE - Images are of the apartment and include styled and staged furniture and flooring for advertising purposes only.

Property History for 309/60 Waverley Rd, Malvern East, VIC 3145

A timeline of how this property has performed in the market
Last Sold
$330,000
31 Jan 2024
  • 27 Jan 2024
    Sold for $330,000
  • 28 Nov 2023
    Listed for Sale $349,990
  • 21 Nov 2019
    Listed for Sale $399,900
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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.

Suburb Insights for Malvern East 3145

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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.