2/12 Evansdale Road, Hawthorn VIC 3122
2/12 Evansdale Road, Hawthorn VIC 3122
Ground-floor entire-unit privacy | small block of six | northern light | riverside pocket | boutique Hawthorn stock
This apartment holds a rare position in Hawthorn’s apartment market. Occupying the entire ground floor at the rear of a six-unit building, it offers the kind of privacy and quiet that larger blocks simply cannot match. The northern orientation draws natural light deep into the living spaces, while the manicured building presentation suggests a well-managed owners corporation and a property that has been looked after. For a buyer seeking a low-maintenance, inner-east base—particularly a first-home buyer, a professional wanting a city-adjacent pied-à-terre, or a downsizer trading a family house for something calmer—this configuration delivers a genuine point of difference. Its riverside setting, close to the Yarra corridor, adds a lifestyle layer that many comparable apartments lack. The small-block format also tends to attract owner-occupiers rather than investors, which often supports steadier value growth over time.
Value may be shaped by the balance between its boutique character and the absence of modern building amenities. A ground-floor rear position can offer excellent seclusion, but it might also mean less natural cross-ventilation or a need to assess outlook and security carefully. The single car space is adequate for many buyers, though those with two vehicles may see it as a limitation. Fit-out quality is not fully verified from available information, so a thorough inspection should confirm whether the kitchen, bathroom, and flooring meet current expectations. The property’s pricing is likely to be supported by its scarcity—few apartments of this size and layout exist in such a pocket—and by the strength of demand for well-presented, low-density stock within walking distance of transport, schools, and the river.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/12 Evansdale Road, Hawthorn VIC 3122
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
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: 10 Evansdale Road sold at $1.4M for a 2-bed house; a refurbished 2-bed at 12/45 Evansdale Road in a 12-unit block offers nearby context | Property Price Band: $580K–$680K | Value Drivers: entire-ground-floor privacy, northern light, small-block presentation, riverside lifestyle proximity
Bedrooms
2
Bathroom
1
Parking
1
Land
730m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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