1-6/147 Victoria Road, Hawthorn East

Like nothing Hawthorn East has seen for some time, this entire block of six privately titled, updated homes promises enticing yield potential, room for growth, and the rare opportunity to secure a trophy parcel in one of Melbourne’s most beloved pockets with development potential (GAZ 3 zoning) for apartments or multiple townhouses. Sprawling over a vast 1117sqm (approx.) with lock-up garages and enviable northern orientation, the one-of-a-kind complex gives scope to take receipt of six dependable incomes. With the option to add even more value to the block, fully renovated units two, three and five are perfect examples for how remaining homes, while already revamped, can be easily modernised further to garner greater returns in a locale ever-sought-after by renters. Two large bedrooms, a bathroom, laundry, substantial kitchen and entertaining spaces, and a private garage feature in all six abodes, with combined rental returns projected to be in the vicinity of $195,000 per annum. Displaying lush, manicured gardens to set the block apart from all others, a stellar position rarely requires a car, with attractions and amenities in Auburn Village, Camberwell Junction and Market, Rathmines and Victoria Road Reserves, Fritsch Holzer Park, leading public and private schools, two train stations, the 72 Tram, and Swinburne University just steps away.