Overview
This apartment presents a smart and secure investment opportunity, ideal for savvy investors seeking a hassle-free income stream. Unit 310A is a compact, fully furnished studio located within a highly sought-after student accommodation complex, just moments away from Swinburne University. The property benefits from steady rental income, low ongoing costs, and consistent tenant demand, making it an attractive option for those looking to invest in a reliable rental market.
Situated in the heart of Hawthorn's education and lifestyle precinct, the apartment enjoys close proximity to public transport, supermarkets, cafes, and shops, providing everything student tenants require within easy walking distance. This convenient location enhances the property's appeal and rental potential.
The apartment is part of a well-maintained complex managed by UniLodge, offering a secure living environment with a range of amenities. Features of the apartment include an open-plan layout, fully furnished studio space, an en suite bathroom, and a kitchenette equipped for convenience. Additionally, the unit comes with a study desk and chair, all white goods, and a television included in the sale.
Residents benefit from secure building access, on-site management, shared common areas, and a laundromat within the complex. Optional secure parking is also available, adding further convenience for tenants or owners. The property is currently leased at $1,434 per month, reflecting its strong rental performance.
This investment offers an excellent opportunity to secure a high-performing asset in a prime Hawthorn location, well-positioned to meet the needs of student tenants and investors alike. Enquiries are encouraged to take advantage of this promising investment prospect.
Local Market Insights
In Hawthorn, Quiet Listings observed 32 new apartments entering the market over the last 30 days, up from 24 during the previous 30-day period, with an average advertised asking price of $725,469. The property type mix of listed properties is predominantly Apartments at 54%, followed by houses (24%), and townhouses (8%). Jellis Craig was the most active agency in this area, representing 25.0% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Hawthorn VIC 3122
Market Insights for Hawthorn VIC 3122
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