18/50 Morang Road, Hawthorn VIC 3122

2 bed 1 bath 1 car | 1970s walk-up | renovation canvas | established Hawthorn | strong location This unit sits within a well-located 1970s block that benefits from Morang Road’s proximity to Glenferrie Road’s retail and dining, Burnley Station, and multiple tram routes. Its configuration—two bedrooms with built-in robes, a separate kitchen, and a balcony—is standard for the period but functional, and the explicit need for a contemporary refresh positions it as a renovation opportunity rather than a move-in-ready product. This property is best suited to first-home buyers seeking a foothold in a desirable inner-eastern suburb, or to investors and renovators who can add value through cosmetic updates. The building’s age and strata context mean the purchase price reflects the land component and location premium, not the internal finish, which is where the upside lies. For a buyer willing to invest in updates, this unit offers a path to both improved livability and potential equity growth in a suburb where older apartment stock consistently trades on walkability and access. The asking price must be weighed against the condition of the block and the likely cost of a full refresh, including kitchen, bathroom, flooring, and possibly mechanical services. A unit of this vintage may carry higher ongoing maintenance through body corporate fees, and the lack of modern insulation or double glazing could affect comfort and energy efficiency. The 1970 build may also limit financing options for some buyers if lenders apply stricter criteria on older strata properties. On the positive side, the same-complex sales history provides a clear benchmark, and the renovation potential allows a buyer to control the finished quality rather than paying a premium for someone else’s work. The strongest value case emerges when the total acquisition plus renovation cost stays comfortably below the post-renovation market value of a comparable updated unit in the same location.