203/60 Waverley Rd, Malvern East, VIC, 3145 - Apartment Sold on 07 08 2025

SoldAug 7, 2025

203/60 Waverley Rd, Malvern East, VIC, 3145

$130,000

0 ac.

Apartment

•

17 days on the market

Sold: Aug 7, 2025

What's around 203/60 Waverley Rd

Larger-Than-Average Student Studio – Vacant or Ready to Rent!

Positioned in the vibrant heart of Malvern East, this spacious 1-bedroom studio-style apartment presents an outstanding opportunity for astute investors looking to enter or expand in the student accommodation market. Unlike many student units, this well-proportioned studio is large enough to comfortably accommodate a double bed, offering a more desirable and functional layout for students seeking extra comfort and space. Furnished and well-maintained, it features: - A modern kitchen with ample storage - An open-plan living/bedroom area with large windows - Tidy bathroom with all essentials - Secure building with common facilities including laundry and communal areas - Resident-only parking to rent - Wi-Fi rates to cater to the digital needs of students Currently vacant and ready to occupy, this property offers flexibility for investors needing a quick settlement to move in a new tenant immediately. Alternatively, enjoy peace of mind with an estimated rental return of $365–$385 per week, generating strong passive income from day one. The student accommodation sector continues to flourish, fuelled by a sustained influx of both domestic and international students. With Australian universities regaining full enrolment strength and on-campus learning reinstated, demand for well-located student housing is growing rapidly—particularly in prime locations near transport and tertiary institutions like this one. Purpose-built, well-managed student accommodation such as this is becoming increasingly sought after by savvy investors looking for reliable, long-term returns. Located just moments from Monash University (Caulfield Campus), train and tram lines, local shops and cafes, the property enjoys consistent demand from local and international students. Outgoings (approx.): - Council Rates: $129/qtr* - Water: $191/qtr* - Owners Corp: $805/qtr* (*Buyers should confirm figures via Section 32 documentation) Whether you’re seeking an affordable foothold in a blue-chip suburb or a high-yield set-and-forget investment, this one ticks the boxes. Contact us today for further details or to arrange a private inspection.