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2/76A Stanhope Street, Malvern VIC 3144

$700,000

Search Band Search Visibility Band

$700k - $750k High Confidence Calculated based on strong search observations.

Apartment 2 Beds 1 Bath 1 Car

Listed: 3 days ago

Overview

This well-positioned apartment in the established residential precinct of Malvern offers an attractive, practical investment opportunity with secure on-site parking and a low-maintenance layout. Its northern and western aspects provide a bright interior throughout the day, enhancing the living experience with natural light.

The layout is designed with functional comfort in mind. The two generously sized bedrooms and central bathroom with integrated laundry facilities suit tenants seeking convenience and usability. The adjoining kitchen and living areas benefit from good natural light, while a private balcony extends the living space outdoors, offering a valued retreat for relaxation or entertaining.

Investors will appreciate the immediate rental income with a current two-year lease generating $2,325 per calendar month, negating the need for vacancy or marketing downtime. This steady income stream is complemented by the apartment’s location within the desirable Stonnington market, known for consistent tenant demand and owner-occupier interest.

Convenience to transport and amenities bolsters appeal further. Nearby reputable schools such as Malvern Central School and De La Salle College make this location attractive to families as well, while close proximity to Glenferrie Road’s shops, cafes, and Malvern Station supports diverse lifestyle needs. The area's accessibility to Melbourne’s CBD and surrounding suburbs via tram and train services provides practical connectivity for professionals and commuters alike.

Overall, this apartment represents a sensible, steady investment or first home option in one of Melbourne’s most stable and sought-after markets, combining location benefits with a robust tenancy and functional living spaces.

Local Market Insights

In Malvern, Quiet Listings observed 10 new apartments entering the market over the last 30 days, up from 8 during the previous 30-day period, with an average advertised asking price of $850,000. The property type mix of listed properties is predominantly Houses at 41%, followed by apartments (37%), and commercial properties (11%). The most active agency for apartments in the Malvern area is currently Belle Property, representing 30% of new listings, followed by Buxton Real Estate Group with 20%. 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.