309/60 Waverley RoadMalvern East VIC 3145
Property Details for 309/60 Waverley Rd, Malvern East
309/60 Waverley Rd, Malvern East is a 3 bedroom, 1 bathroom Unit and was built in 2003. The property has a land size of 1481m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in January 2024.
Last Listing description (July 2026)
Seize the opportunity to invest in a rare and lucrative student accommodation option in the vibrant heart of Malvern East. Perfectly poised for high rental yields, this spacious three-bedroom apartment presents an unparalleled investment prospect, currently commanding an impressive annual rental of $32,592.
Located at an arm's length from Monash University Caulfield Campus, merely 180 meters away, this apartment is a student's dream, offering the perfect blend of communal living and private study spaces. Each of the three bedrooms is generously proportioned and comes with its own dedicated study area, catering to the unique needs of student residents.
The apartment's interior boasts a full-sized, modern kitchen that seamlessly flows into the living and dining area, creating an open-plan space ideal for socializing and relaxation. Adding to the convenience are two toilets, with one separate from the bathroom, ensuring comfort and ease for a group living arrangement.
Additional features of this exceptional investment include:
- Secure entrance, ensuring safety and peace of mind for residents.
- Communal laundry facilities, adding to the convenience of living
- Lift access to all levels, making it an accessible and comfortable living option.
- The availability of secure car parking for rent, a valuable commodity for students with vehicles.
- Affordable Wi-Fi rates to cater to the digital needs of students.
Strategically positioned in a sought-after locale, the apartment is surrounded by a plethora of cafes, restaurants, shops, and supermarkets in nearby Caulfield East, Malvern East, and Carnegie. The iconic Chadstone Shopping Centre is also a stone's throw away, offering endless retail and entertainment options.
In the wake of COVID-19, Melbourne's rental market is experiencing a severe shortage, particularly in student accommodation, with most apartments now at full capacity. The reopening of international borders has ushered in a significant influx of students, leading to a surge in rental demand and making this an opportune moment for investors to delve into this thriving sector.
Don't miss out on this exceptional chance to own a premium student accommodation property in one of Melbourne's most dynamic suburbs. Contact us today to discover more about this unique investment opportunity.
NOTE - Images are of the apartment and include styled and staged furniture and flooring for advertising purposes only.
Property History for 309/60 Waverley Rd, Malvern East, VIC 3145
- 27 Jan 2024Sold for $330,000
- 28 Nov 2023Listed for Sale $349,990
- 21 Nov 2019Listed for Sale $399,900
Recent sales nearby
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About 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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