21/19 Walpole StreetKew VIC 3101
Property Details for 21/19 Walpole St, Kew
21/19 Walpole St, Kew is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1999. The property has a land size of 2448m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in October 1997.
Last Listing description (July 2009)
POSITIVE CASH FLOW INVESTMENT PROPERTY
THE EXTREMEMLY SPACIOUS 2 BEDROOM, 2 BATHROOM APARTMENT IS INCREDIBLE VALUE AT THIS PRICE. FEATURING A NORTH FACING ORIENTATION, TWO SUNNY BALCONIES, GENEROUS ROOMS SIZES, SEPERATE LAUNDRY AND WELL APPOINTED KITCHEN. HEATING/COOLING AND SECURITY BASEMENT CARPARK. COMMUNAL OUTDOOR SWIMMING POOL! POSITIONED IN LEAFY AND EXCLUSIVE WALPOLE STREET, THIS BRILLIANT PROPERTY IS RIGHT IN THE HEART OF KEW JUNCTION, HAS GREAT ACCESS TO THE EASTERN FREEWAY, AND IS ONLY MINUTES TO BRIDGE RD AND THE CBD BY TRAM. ASTUTE INVESTORS TAKE NOTE... LEASED SECURELY TO QUEST SERVICED APARTMENTS UNTIL 2014 (AND THE TENANT HAS 2 FURTHER 5 YEAR OPTIONS FROM 2014). CURRENT RENTAL IS $1674 PER MONTH, WITH AUTOMATIC 2% INCREASES EACH YEAR UNTIL 2014 WHEN THERE IS A MARKET REVIEW AND THEREAFTER THE ANNUAL RENT INCREASES ARE A WHOPPING 5%!!! THE TENANT EVEN PAYS THE QUARTERLY BODY CORPORATE FEES! SIT BACK, RELAX, ENJOY THE RENTAL RETURN AND LET THE TENANT PAY OFF YOUR MORTGAGE FOR YOU. STRONG CAPITAL GAINS ARE ON THE HORIZON AS THE LEASE RUNS IT COURSE (COMPARABLE PROPERTIES ROUTINELY SELL FOR WELL ABOVE $400,000 WHERE THEY ARE NOT SUBJECT TO A LONG TERM LEASE) PLEASE NOTE THAT THE PROPERTY CANNOT BE OWNER OCCUPIED UNTIL THE LEASE EXPIRES - WHICH IS 2014 AT THE EARLIEST. CONTACT BRYCE CARROLL 0413377982 TO ARRANGE FOR A PRIVATE INSPECTION
Property History for 21/19 Walpole St, Kew, VIC 3101
- 08 Jun 2009Listed for Sale $320,000
- 24 Oct 1997Sold for $247,000
Recent sales nearby
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0About 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 14,094 properties. Over the last 5 years, Houses in Kew have seen a 15.42% increase in median value, while Units have seen a 16.14% increase. As at 30 November 2025:
- The median value for Houses in Kew is $2,862,541 while the median value for Units is $938,453.
- Houses have a median rent of $950 while Units have a median rent of $625.
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