13 Edgerton Street, Hawthorn VIC 3122
13 Edgerton Street, Hawthorn VIC 3122
Boutique low-rise apartment | Blue-chip Hawthorn pocket | 2-bed 1-bath 1-car | School-focused demand | Older build needing update
This property is positioned within a boutique low-rise apartment block, set in a tree-lined pocket of Hawthorn known for its period architecture and established residential character. A functional 2-bedroom layout is defined by a separate kitchen, built-in robes, and a central bathroom, with a private balcony and a car space on title provided as key inclusions. This combination is increasingly rare in this location. The property is seen as serving a broad buyer pool, including first-home buyers seeking an inner-east foothold, professionals attracted by the short commute and tram access, and school-focused families drawn to the proximity of prestigious private schools. Its small-block scale and secure entry are considered to add a level of privacy and scarcity not typical of larger developments.
The property’s older construction might be weighed against potential maintenance costs, particularly for plumbing and insulation, which may affect short-term returns. The internal layout could be seen as compact when compared with modern apartments, and a lack of confirmed orientation might limit natural light in certain rooms. Conversely, the scarcity of the small block, combined with its desirable postcode, could support strong resale appeal, and a modest renovation to the kitchen or bathroom might unlock a price premium. These factors should be balanced against the secure car space and private balcony, which are considered meaningful advantages.
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Edgerton Street, Hawthorn VIC 3122
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Hawthorn remains a premium inner-east Melbourne market, with median house prices around $2.8–2.9 million and units near $558,000–580,000. Demand is driven by affluent professionals and families in finance, tech, and medicine, plus downsizers and university-linked investors. House price trends are mixed: recent annual changes range from -8.0% to +9%, reflecting rate sensitivity and volatility, while units are flat to slightly negative (-2.0% to 0%). Houses sell in 33–42 days. House rents vary widely ($695–$950/week) but units are stable around $550/week, with gross yields of 1.78% for houses and 4.97–5.1% for units. Connectivity via train, tram, Monash and Eastern Freeways, school catchments including Hawthorn Secondary and Auburn South Primary, and proximity to hospitals and universities support demand. However, entry prices above $2.8m limit buyer depth, heritage overlays restrict supply, and premium mortgages raise sensitivity to interest rates.
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PropCred Estimated Value
Comparable Sales: Lot 49 Morang Rd, Hawthorn sold at $655,000 | Property Price Band: $600K-$700K | Value Drivers: condition, secure parking, period-pocket location
Bedrooms
3
Bathroom
2
Parking
2
Land
213m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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