1/22 Connell Street, Hawthorn VIC 3122

Ground floor | north facing | St James Park edge | boutique block low turnover | walks to station and shops This apartment positions well for a buyer wanting Hawthorn address without high-rise compromise. The north orientation and ground-floor access are uncommon in this price band—natural light and direct outdoor flow matter for livability and future resale appeal. The boutique block with long owner-occupier tenure signals a well-run building, reducing special levy risk. It suits a downsizer wanting single-level convenience or an investor seeking stable rental demand near Burwood Road and Hawthorn Station. The flat lot and current condition mean no immediate capital outlay for structure. The heritage overlay and flood overlay add compliance cost if renovation is contemplated and may limit extension potential. The $255,000 last sale in 2016 shows strong paper growth but also that current pricing reflects a heated market—buyer must be confident of continued demand in the St James Park pocket. The $480–$570pw rental range suggests modest yield, so hold for capital growth rather than cash flow. Use as a low-maintenance base or a long-term hold in a blue-chip suburb with school and transport anchors.