1/168 Power Street, Hawthorn VIC 3122

Ground-floor position in large shared lot | timeless apartment proportions | no bushfire or flood overlays | strong rental yield signals in building This ground-floor apartment presents a competitively priced entry into Hawthorn, distinguished by its substantial shared land parcel and timeless, generous proportions atypical of many one-bedroom units. Its position offers practical accessibility and its lack of overlays simplifies due diligence. This property serves best as a low-maintenance holding for an investor seeking reliable tenancy, supported by demonstrated rental demand within the building, or a first buyer prioritizing space over prestige. The primary risk is the strata-shared land model, which dilutes individual land ownership benefit despite the large lot size, and the building’s mixed sale history indicates variable capital growth. The opportunity lies in acquiring a functional unit below estimated market value, with a clear commercial logic towards positive cash flow given the achievable rental yield. Treat this as a long-term income holding, not a short-term growth play. Recent sales within the same building provide direct value context: – Unit 12 (1 bed) sold for $350,000 after 8 years. – Unit 22 (1 bed) sold for $390,000 after 7 years. – Unit 9 (2 bed) sold for $600,000, showing 6.27% annual growth over 2 years. This data anchors this property’s asking price at the lower end of the building’s spectrum, confirming its value proposition is for budget-conscious entry, not premium positioning.