1-8/22 Selwood Street

Hawthorn East VIC 3123

719 m²

Block of units

Currently for sale - view listing

Overview

No Heritage Overlay - Positioned on a Hill

Current Rental Income: Unit 1 $460 per week / $1999 per calendar month (Leased) Unit 2 445 per week / $1934 per calendar month(Leased) Unit 3 $320 per week / $1390 per calendar month(Rent will be reviewed soon) Unit 4 $435 per week / $1890 per calendar month (Leased) Unit 5 $380.25 per week / $1,521 per calendar month Unit 6 $340 per week / $1,477 per calendar month Unit 7 $425 per week / $1,847 per calendar month Unit 8 $435 per week / $1,890 per calendar month Positioned in an elevated, tree-lined setting, this solid block of eight one-bedroom apartmentsdating from the late 1950s to early 1960spresents an exceptional opportunity for investors, renovators or developers (STCA). Set on approximately 719sqm with no heritage overlay, the property is fully leased, delivering immediate and consistent income while offering exciting scope to enhance value through refurbishment or future redevelopment. Constructed in solid pressed brick with concrete slab floors, the building retains a wealth of original character, including parquetry flooring, terrazzo finishes and classic pedestal basins. The layout comprises a mix of ground-floor apartments with direct garden access and upper-level residences featuring private balconies, with the added potential for city skyline views from a future third storey (STCA). Additional features include a communal laundry and four off-street car spaces, further enhancing tenant appeal. Ideally located close to Camberwell Junction, public transport options, leading schools and parklands, this is a rare chance to secure a well-maintained, income-producing asset in a highly sought-after lifestyle precinct. A compelling combination of immediate return, character appeal and long-term upside in a blue-chip location.