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2/76A Stanhope Street, Malvern VIC 3144

$600,000

Search Band Search Visibility Band

$600k - $650k High Confidence Calculated based on strong search observations.

Apartment 2 Beds 1 Bath 1 Car

Listed: 4 days ago

Updated: 7 hours ago

Overview

This apartment offers an appealing investment opportunity in the established residential area of Malvern, benefiting from desirable northern and western orientations that provide excellent natural light throughout the day. Its practical low-maintenance design suits long-term rental demand, featuring two well-sized bedrooms and a central bathroom that includes integrated laundry facilities.

The living area's extension to a private balcony enhances the sense of space by incorporating valuable outdoor living, while the kitchen’s strategic placement adjoining the living zone ensures an open, light-filled communal area. Secure on-site parking adds convenience and security to the offering.

Currently tenanted with a steady income stream, this property presents immediate returns for investors, eliminating initial vacancy concerns. Its location within reach of notable Melbourne schools and amenities, alongside easy access to public transport and major road links, underscores its appeal in a tightly held residential market noted for strong owner-occupier and tenant demand.

Excellent sunlight from northern and western exposures
Functionally designed layout with integrated laundry
Private balcony extending living space
Secure parking included
Ideal for investors seeking immediate and consistent rental income
Close proximity to schools, shopping, cafes, and transport

Local Market Insights

In Malvern, Quiet Listings observed 7 new apartments entering the market over the last 30 days, down from 8 during the previous 30-day period, with an average advertised asking price of $929,143. The property type mix of listed properties is predominantly Apartments at 47%, followed by houses (29%), and commercial properties (12%). The most active agency for apartments in the Malvern area is currently Belle Property, representing 29% of new listings, followed by RT Edgar with 14%. 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.