407/616 Glenferrie RoadHawthorn VIC 3122
Property Details for 407/616 Glenferrie Rd, Hawthorn
407/616 Glenferrie Rd, Hawthorn is a 1 bedroom, 1 bathroom Unit and was built in 2011. The property has a land size of 1172m2. While the property is not currently for sale or for rent, it was last sold in November 2019.
Last Listing description (November 2019)
Gross return 7.3%; Net return 6.46%; 4% annual increases (based on purchase of $365,000).
Here presents a rare opportunity to purchase a one bedroom apartment located in the thriving locale of Hawthorn, right in the central hub of Glenferrie Road. This apartment is securely leased to the renowned Quest Apartments, offering a guaranteed rental yield of $26,690 per annum with 4% annual increases and 4 further options of 5 years each term.
The tenant, Quest Apartments have a proven record since beginning with a single complex in Fitzroy in 1988, from which they have grown to manage 170 properties across Australia, New Zealand and Fiji. You can be sure that your secure investment will be well looked after with regular housekeeping and maintenance carried out by Quest employees.
The contemporary residence on offer boasts a prime location like no other, adding to capital growth and just a few steps away from busy cafes, trendy bars, bustling restaurants, and the renowned Swinburne University. Plus, with such convenient access to trams & Glenferrie Train Station, the lifestyle on offer here is unbeatable. Guests will also enjoy access to the rooftop terrace, barbeque, and lounge areas.
Property History for 407/616 Glenferrie Rd, Hawthorn, VIC 3122
- 14 Nov 2019Sold for $330,000
- 07 Oct 2019Listed for Sale $365,000 - $395,000
- 14 May 2012Sold for $393,000
Recent sales nearby
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0About Hawthorn 3122
The size of Hawthorn is approximately 5.9 square kilometres. It has 29 parks covering nearly 10.8% of 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 16,743 properties. Over the last 5 years, Houses in Hawthorn have seen a 2.06% increase in median value, while Units have seen a -9.66% decrease. As at 31 March 2026:
- The median value for Houses in Hawthorn is $2,678,743 while the median value for Units is $578,559.
- Houses have a median rent of $995 while Units have a median rent of $550.
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