Eight apartments, endless returns!
A massive investment opportunity exists to enjoy endless blue-chip returns on a block of eight apartments, ideally located in a tree lined street in the heart of Elsternwick. Investors looking to acquire property in a high growth location & immediately bring in a rental income with exciting future options to renovate, enhance or redevelop (STCA), this solid, well maintained block is a once in a lifetime opportunity! This substantial 1,260m2* allotment includes four apartments on the ground level & four on the first floor, all generously proportioned & neatly presented, each comprising an entrance hall with built-in cupboards, large separate kitchen with gas cooking, plenty of storage & room for a meals area, spacious living room with gas heater, two good sized bedrooms & central bathroom with shower over bath. The block also features six lock up garages, two communal laundries & established garden surrounds. Don’t miss this unique opportunity to make your mark in this prime location, moments from Glen Huntly Road shopping strip, Harleston Park, Hopetoun Gardens, Elsternwick Shopping Centre with the new Coles Supermarket & a choice of transport options. *Approximate Title Dimensions.
Elsternwick suburb statistics
Houses*
Median sale price
$2,135,000
Quarterly price change
-4.92%
Units*
Median sale price
$624,000
Quarterly price change
-0.96%
Sales insights
Auction clearance rate*
74%
Median days on market∧
28 days
Total sold properties*
58
*Updated quarterly for the past 12 months
^Updated daily for the past quarter
~Updated daily for the past 12 months
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