224/138 Camberwell Road, Hawthorn East VIC 3123

224/138 Camberwell Road, Hawthorn East VIC 3123
This is a 2-bedroom, 2-bathroom apartment with one car space, a dedicated storage unit, and a private dining terrace offering skyline views. It is situated on the edge of Camberwell Junction and includes lift access in a building approximately 10 years old. The dual-bathroom configuration is a premium feature in this market, giving the property a clear edge over standard two-bedroom stock. It sits at the doorstep of Camberwell Junction, which provides exceptional access to transport, retail, and dining, making it highly attractive to busy professionals and investors seeking strong rental demand. The dedicated dining terrace and skyline views add a lifestyle element that is uncommon for apartments in this price band. This property is best suited for a first-home buyer wanting a lock-and-leave lifestyle or an investor targeting tenants who will pay a premium for a second bathroom and outdoor space. The 2-bathroom layout may command a rental premium over comparable one-bathroom units, which could support a stronger yield and faster tenant placement. The building’s age at around 10 years means major structural items are not new, but also not yet due for significant replacement. The junction location, while highly convenient, may introduce ambient noise or traffic that some buyers will weigh against the amenity. The property’s position within the building and its aspect will influence how much value the skyline views and terrace truly add to the sale price.
Detailed Independent Property Report prepared  by PropCred Analyst team for 224/138 Camberwell Road, Hawthorn East VIC 3123
Checks found:
Value Risk ✓
Liquidity Risk ! 1
Planning Risk ✕ 2
Income Risk ✕ 2
Execution Risk ! 1
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Market Insight

Hawthorn East is a premium inner-eastern suburb characterised by high-value housing and strong transport links. Demand is driven by high-income professionals and families, attracted by proximity to the CBD, employment hubs, and well-regarded schools. Recent price trends have shown some softening, with houses taking over a month to sell, indicating a more measured market. Future growth is underpinned by its established desirability, though high price points and sensitivity to economic conditions present ongoing affordability and liquidity constraints.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

2536m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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