306B/71 Riversdale Road

Off Market

306B/71 Riversdale Road

Hawthorn VIC 3122

20 m²

Apartment

Overview

High-Yield Student Apartment in Prime Hawthorn Location

Delivering an impressive 11% gross rental yield, this fully managed student investment apartment offers a true set-and-forget income opportunity. Currently rented at $1,325 per month, this property combines strong returns with peace of mind, thanks to expert management by UniLodge - one of Australia's leading student accommodation providers. Located in the heart of Hawthorn, just a short walk to Swinburne University of Technology, UniLodge on Riversdale provides students with unbeatable convenience and lifestyle benefits. With trams at your doorstep, Hawthorn and Glenferrie train stations nearby, and the vibrant Glenferrie Road precinct just minutes away, this location ensures excellent connectivity and year-round rental demand. The apartment comes fully furnished and features: - Modern kitchenette with gas cooking, microwave, and ample storage - LCD TV, study desk and chair, and secure electronic access - Access to shared common areas and on-site laundry facilities Outgoings: - Council Rates: approx. $450 p.a. - Owners Corporation Fees: approx. $2,400 p.a. UniLodge's professional on-site management guarantees consistent occupancy, professional tenant care, and maximised returns - ideal for investors seeking low-maintenance property ownership in a high-demand student area. Don't miss this rare opportunity to secure a high-yield student investment in one of Melbourne's most sought-after education hubs. The Phone Code for this property is: 46017. Please quote this number when phoning or texting. Disclaimer: Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

Features

1 bedroom

1 bathroom

20 m² floor area

Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Hawthorn over the last 12 months, the estimated median property value of 306B/71 Riversdale Road is $375k.

Median value

$375k

Estimated value range

$99k - $605k

Median days on market

Estimated value trend

-1%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Hawthorn. 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 306B/71 Riversdale Road

2026

Sold

Undisclosed

Private Sale/Treaty on 12 May 2026

Happy sellers in Hawthorn

80%

80% of sellers in Hawthorn reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 26 reviews in Hawthorn over the last 12 months.

Local market activity for 1 bedroom apartments in Hawthorn

In the last 12 months, 129 one-bedroom apartments similar to 306B/71 Riversdale Road, have been sold.

This represents a 27% increase in one-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Hawthorn for a free market appraisal.

Tim Heavyside

at HEAVYSIDE

4.9

(1220 reviews)

Get a free market appraisal

Andrew Gibbons

4.8

(30 reviews)

Get a free market appraisal

Shawn White

(5 reviews)

Get a free market appraisal

Gavin Zeitz

at G&H Property Group

4.8

(93 reviews)

Get a free market appraisal

Nearby agents

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

Tim Heavyside

Sellers who recommend Tim Heavyside have praised them for being local expert, clear communication, reliable, supportive, great team, friendly and honest