157 Power StreetHawthorn VIC 3122
Property Details for 157 Power St, Hawthorn
Last Listing description (February 2022)
CBRE Victorian Development Sites is offering for sale this prized investment & development opportunity, situated in one of Melbourne's most desirable suburbs at 157 Power Street, Hawthorn.
Key details include:
+Over 2,700sqm* of highly favourable Residential Growth Zone land with excellent exposure to Power Street
+Featuring a substantial three storey complex of 32 residential units, providing an opportunity to refurbish, extend or redevelop
+Returning an income of $545,000* per annum
+Positioned within a premier blue ribbon residential market, close to the Yarra River, the Melbourne CBD & prestigious inner-city suburbs with median house prices ranging from $1.5-$2.6million*
+Surrounded by high-quality education institutions, including Swinburne University's established & expanding campus, in addition to elite and highly desirable private schools, including Scotch College, Trinity Grammar, MLC, Camberwell Girls' School and Xavier College
+Excellent connectivity provided by immediate access to tram networks via Power Street and Riversdale Road, Hawthorn Train Station (550m*) and nearby Glenferrie Train Station (1km*)
*Approx.
For further information please contact the exclusive sales and marketing agents at CBRE:
David Minty
+61 422 564 199
david.minty@cbre.com.au
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
Jing Jun (JJ) Heng
+61 411 059 116
jj.heng@cbre.com.au
Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au
Property History for 157 Power St, Hawthorn, VIC 3122
- 15 Oct 2021Listed for Sale Contact Agent
- 22 Sep 2015Listed for Rent - Price not available
- 05 Nov 1994Listed for Rent - Price not available
Recent sales nearby
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About Hawthorn 3122
The size of Hawthorn is approximately 5.9 square kilometres. There are 29 parks, covering nearly 10.8% of the total area. The population of Hawthorn in 2016 was 23511 people. By 2021 the population was 22322 showing a population decline of 5.1% in the area during that time. The predominant age group in Hawthorn is 20-29 years. Households in Hawthorn are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Hawthorn work in a professional occupation.In 2021, 51.80% of the homes in Hawthorn were owner-occupied compared with 45.90% in 2016.
Hawthorn has 16,722 properties. Over the last 5 years, Houses in Hawthorn have seen a -6.38% decrease in median value, while Units have seen a -12.07% decrease. As at 31 May 2026:
- The median value for Houses in Hawthorn is $2,569,943 while the median value for Units is $573,968.
- Houses have a median rent of $1,050 while Units have a median rent of $550.
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