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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

Location
Market Insights for Hawthorn East VIC 3123
New Listings (last 30 days)
9
Average price
$566,444
Lowest price
$450,000
Highest price
$650,000
Other properties in this postcode

515/2/2 Eastern Place, Hawthorn East VIC 3123

$137,500 To $150,000

Listed: 18 days ago
Updated: 6 hours ago
Overview

This studio apartment offers a sensible and affordable entry into the sought-after suburb of Hawthorn East, appealing particularly to investors targeting student accommodation. Its design is carefully tailored to suit student living, featuring all essentials such as a modern kitchen with gas cooking, private bathroom, and electric heating to ensure comfort throughout the year.

The apartment comes fully furnished, simplifying tenancy and ensuring ease of letting. Practical details including a single bed, study desk, chair, microwaves, and refrigerator enhance everyday functionality. Selected apartments boast private balconies, providing residents a personal outdoor retreat. Some feature air conditioning, underscoring comfort in warmer months.

The complex prioritizes security and communal facilities, with secure building entry, intercom systems, and bicycle storage. Residents can enjoy shared amenities like a communal lounge and ground-floor laundry, supporting collective convenience. Secure off-street parking is available for lease, complementing the apartment’s included car park space.

Location advantages are notable, with proximity to Swinburne University making it ideal for student tenants seeking nearby education. Multiple tram routes (70, 75, and 16) and railway stations (Glenferrie and Auburn) afford straightforward access to the Melbourne CBD in about 20 minutes, catering to commuting needs.

The vibrant Glenferrie Road precinct nearby enriches lifestyle options, offering diverse café, dining, and shopping choices, alongside supermarkets and essential services. Overall, this property represents a manageable, secure investment with strong rental appeal in a prominent inner-east Melbourne setting.

Local Market Insights

In Hawthorn East, Quiet Listings observed 9 new apartments entering the market over the last 30 days, down from 13 during the previous 30-day period, with an average advertised asking price of $566,444. The property type mix of listed properties is predominantly Houses at 48%, followed by apartments (44%), and units (4%). The most active agency for apartments in the Hawthorn East area is currently Jellis Craig, representing 56% of new listings, followed by Gandh Property Group with 22%. 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.