Property Details for 709/3 Studley Park Rd, Kew
709/3 Studley Park Rd, Kew is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2006.
Last Listing description (March 2016)
Spacious apartment securely leased to Quality Suites Serviced Apartments. A solid investment opportunity situated in the heart of Kew.
This spacious motel style accommodation has a kitchenette, separate bathroom and secure undercover car space on title. There is a five year lease that commenced November 2005 and re-negotiated in 2010, with 4 x 5 year options, 4% annual increases to follow. Outgoings do not exceed $2,000 per annum. Currently returning $18,030.48 per annum.
Property History for 709/3 Studley Park Rd, Kew, VIC 3101
- 18 May 2015Listed for Sale Private Sale $235K
- 01 Dec 2014Listed for Sale PRIVATE SALE $235K
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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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