203/60 Waverley RoadMalvern East VIC 3145
Property Details for 203/60 Waverley Rd, Malvern East
203/60 Waverley Rd, Malvern East is a 1 bedroom, 1 bathroom Unit and was built in 2003. While the property is not currently for sale or for rent, it was last sold in July 2025.
Last Listing description (August 2025)
Larger-Than-Average Student Studio Vacant or Ready to Rent!
Positioned in the vibrant heart of Malvern East, this spacious 1-bedroom studio-style apartment presents an outstanding opportunity for astute investors looking to enter or expand in the student accommodation market.
Unlike many student units, this well-proportioned studio is large enough to comfortably accommodate a double bed, offering a more desirable and functional layout for students seeking extra comfort and space. Furnished and well-maintained, it features:
- A modern kitchen with ample storage
- Tidy bathroom with all essentials
- Secure building with common facilities including laundry and communal areas
- Resident-only parking to rent
- Wi-Fi rates to cater to the digital needs of students
Currently vacant and ready to occupy, this property offers flexibility for investors needing a quick settlement to move in a new tenant immediately.
Alternatively, enjoy peace of mind with an estimated rental return of $365$385 per week, generating strong passive income from day one.
The student accommodation sector continues to flourish, fuelled by a sustained influx of both domestic and international students. With Australian universities regaining full enrolment strength and on-campus learning reinstated, demand for well-located student housing is growing rapidlyparticularly in prime locations near transport and tertiary institutions like this one. Purpose-built, well-managed student accommodation such as this is becoming increasingly sought after by savvy investors looking for reliable, long-term returns.
Located just moments from Monash University (Caulfield Campus), train and tram lines, local shops and cafes, the property enjoys consistent demand from local and international students.
Outgoings (approx.):
- Council Rates: $129/qtr*
- Water: $191/qtr*
- Owners Corp: $805/qtr*
(*Buyers should confirm figures via Section 32 documentation)
Whether youre seeking an affordable foothold in a blue-chip suburb or a high-yield set-and-forget investment, this one ticks the boxes.
Contact us today for further details or to arrange a private inspection.
Property History for 203/60 Waverley Rd, Malvern East, VIC 3145
- 07 Aug 2025Sold for $130,000
- 21 Jul 2025Listed for Sale UNDER OFFER
- 05 Apr 2019Sold - Price Undisclosed
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0About Malvern East 3145
The size of Malvern East is approximately 7.7 square kilometres. There are 25 parks, covering nearly 14.3% of the total area. The population of Malvern East in 2016 was 21707 people. By 2021 the population was 22296 showing a population growth of 2.7% in the area during that time. The predominant age group in Malvern East is 20-29 years. Households in Malvern East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Malvern East work in a professional occupation.In 2021, 66.90% of the homes in Malvern East were owner-occupied compared with 64.90% in 2016.
Malvern East has 12,922 properties. Over the last 5 years, Houses in Malvern East have seen a -2.64% decrease in median value, while Units have seen a -3.26% decrease. As at 31 July 2026:
- The median value for Houses in Malvern East is $2,269,530 while the median value for Units is $656,432.
- Houses have a median rent of $883 while Units have a median rent of $575.
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