203/5-9 Studley Park RoadKew VIC 3101
Property Details for 203/5-9 Studley Park Rd, Kew
203/5-9 Studley Park Rd, Kew is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1999. The property has a land size of 3421m2. While the property is not currently for sale or for rent, it was last sold in January 2018.
Last Listing description (January 2018)
A solid investment in the heart of leafy Kew delivering a current gross return of 8.4% pa and a superb net return of approx 6.9% pa . This spacious studio apartment is securely leased to Quality Suites Serviced Apartments and contains a kitchenette with A/C, separate bathroom and secure car space on title.
Only 6km from the CBD and conveniently located at the cosmopolitan and vibrant hub of Kew Junction it is no wonder that this property is appealing to business and leisure travelers alike.
With a long term tenant in place and a guaranteed rental income, this property presents an ideal superannuation investment or a worthy addition to an investment portfolio.
Current annual rent: $17,787.92 pa ($1,482.33 monthly)
Rental increase: 4% annually during the term
Owner's Outgoings: Water rates : $1,022.34 (approx), Council rates: $838.75(approx), Owner's Corporation fees: $1,376.09 (approx)
Total $3,237.18 (approx)
- Gross return on investment: 8.4% pa
- Net return on investment: 6.9% pa
Don't miss out on this great opportunity to secure this investment property! Contact us today to arrange for an inspection!
Property History for 203/5-9 Studley Park Rd, Kew, VIC 3101
- 18 Jan 2018Sold for $190,000
- 24 Mar 2017Listed for Sale $210000
- 13 May 2013Sold for $165,000
Recent sales nearby
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About Kew 3101
The size of Kew is approximately 10.5 square kilometres. It has 37 parks covering nearly 18.0% of total area. The population of Kew in 2016 was 24605 people. By 2021 the population was 24499 showing a population decline of 0.4% in the area during that time. The predominant age group in Kew is 50-59 years. Households in Kew are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Kew work in a professional occupation.In 2021, 68.50% of the homes in Kew were owner-occupied compared with 66.10% in 2016.
Kew has 14,095 properties. Over the last 5 years, Houses in Kew have seen a 12.80% increase in median value, while Units have seen a 12.51% increase. As at 31 December 2025:
- The median value for Houses in Kew is $2,758,758 while the median value for Units is $901,711.
- Houses have a median rent of $970 while Units have a median rent of $620.
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