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Back 213/60 Waverley Rd
Off Market

213/60 Waverley Rd

Malvern East VIC 3145

2
1
0 ac.
Apartment
Last sold for $210,000
Zeno KobicaZeno Kobica, last sold this property on 15 December 2024 after 9 days on market.

Overview

Exceptional investment with spacious living

Seize the opportunity to invest in a rare and lucrative student accommodation option in the vibrant heart of Malvern East. Perfectly poised for high rental yields, this spacious three-bedroom apartment presents an unparalleled investment prospect, currently commanding an impressive annual rental of $25k/annum and tipped to rise to $28k/annum upon renewal in Feb 2025. Located at an arm's length from Monash University Caulfield Campus, merely 180 meters away, this apartment is a student's dream, offering the perfect blend of communal living and private study spaces. Each of the three bedrooms is generously proportioned and comes with its own dedicated study area, catering to the unique needs of student residents. The apartment's interior boasts a full-sized, modern kitchen that seamlessly flows into the living and dining area, creating an open-plan space ideal for socializing and relaxation. Adding to the convenience are two toilets, with one separate from the bathroom, ensuring comfort and ease for a group living arrangement. Additional features of this exceptional investment include: - Secure entrance, ensuring safety and peace of mind for residents. - Communal laundry facilities, adding to the convenience of living - Lift access to all levels, making it an accessible and comfortable living option. - The availability of secure car parking for rent, a valuable commodity for students with vehicles. - Affordable Wi-Fi rates to cater to the digital needs of students. Strategically positioned in a sought-after locale, the apartment is surrounded by a plethora of cafes, restaurants, shops, and supermarkets in nearby Caulfield East, Malvern East, and Carnegie. The iconic Chadstone Shopping Centre is also a stone's throw away, offering endless retail and entertainment options. In the wake of the pandemic, Melbourne's rental market is experiencing a severe shortage, particularly in student accommodation, with most apartments now at full capacity. The reopening of international borders has ushered in a significant influx of students, leading to a surge in rental demand and making this an opportune moment for investors to delve into this thriving sector. Don't miss out on this exceptional chance to own a premium student accommodation property in one of Melbourne's most dynamic suburbs. Contact us today to discover more about this unique investment opportunity. NOTE - Images are of the apartment and include styled and staged furniture as indicated for advertising purposes.

Features

2 bedrooms
1 bathroom
0 ac. lot size
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Malvern East over the last 12 months, the estimated median property value of 213/60 Waverley Rd is $570k.

Median value
$570k
Estimated value range
$362.5k - $1.57m
Median days on market
27
Estimated value trend
-2%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Malvern East. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 213/60 Waverley Rd

2024
Sold
$210,000
15 Dec 2024 by Zeno Kobica, of Viva Property
2014
Sold
$250,000
Private Sale/Treaty on 16 Feb 2014 by Graeme Callen, of _Biggin & Scott - Carnegie

Happy sellers in Malvern East

88%
88% of sellers in Malvern East reported that their sale price either exceeded or met their price expectations.

Malvern East stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 32 reviews in Malvern East over the last 12 months.

Local market activity for 2 bedroom apartments in Malvern East

In the last 12 months, 79 two-bedroom apartments similar to 213/60 Waverley Rd, have been sold.

This represents a 18% increase in two-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Malvern East

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Adam Pavlou

Sellers who recommend Adam Pavlou have praised them for being clear communication, local expert, hard-working, honest and responsive

  •   4.9   (17 reviews)
  •  9 Reviews in Malvern East
  •  8 Sales in Malvern East
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Alex Voronin

Alex Voronin is an award winning recommended agent for Malvern East.  They have 8 local sales and collected 4 local reviews across the last 12 months.

  •   4.9   (116 reviews)
  •  4 Reviews in Malvern East
  •  8 Sales in Malvern East
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Michael Rosano

Michael Rosano is a recommended agent for Malvern East.  They have 3 local sales and collected 3 local reviews across the last 12 months.

  •   4.8   (163 reviews)
  •  3 Reviews in Malvern East
  •  3 Sales in Malvern East
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Steve Burke

Sellers who recommend Steve Burke have praised them for being clear communication, local expert, supportive, honest, hard-working, responsive and reliable

  •   4.9   (317 reviews)
  •  4 Reviews in Malvern East
  •  5 Sales in Malvern East
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