24/3 Studley Park Rd, Kew is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2006. The property has a land size of 519m2. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 1 bedroom Unit sold in Kew in the last 12 months.
An exceptional opportunity presents itself with this fully furnished apartment in the tightly held inner-east. Currently leased to a successful hotel operator, the property provides investors with a fixed rental return and the peace of mind of a long-term agreement. This set and forget opportunity is designed for those seeking reliable income with minimal ongoing management. The apartment itself is immaculately presented and surprisingly spacious, featuring light-filled open-plan living and sleeping quarters, a sleek straight-line kitchen with stone benchtops and ample storage, and a modern bathroom with quality fittings and tiled finishes. Comfort is further enhanced by reverse-cycle heating and cooling, while the property is offered fully furnished to ensure consistent returns from day one. Positioned just metres from Kew Junction, residents and guests enjoy a vibrant lifestyle with an array of cafs, restaurants, and Leos Fine Food & Wine supermarket within easy reach. Scenic Studley Park and the Yarra River offer nearby green escapes, while Glenferrie Road shops, Richmond and Abbotsfords trendy dining hubs, excellent tram and bus connections, and Hawthorn Station are all close by. Easy access to the Eastern Freeway further strengthens the convenience of this location. Backed by a secure lease with reliable rental yields, this apartment represents a cornerstone addition to any investment portfolio. Combining low-maintenance ownership with strong income potential, it is a rare chance to secure an asset in one of Melbournes most desirable inner-eastern suburbs.
The size of Kew is approximately 10.5 square kilometres. There are 37 parks, covering nearly 18.0% of the 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 14,096 properties. Over the last 5 years, Houses in Kew have seen a -7.78% decrease in median value, while Units have seen a 2.91% increase. As at 31 May 2026:
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