106/402 Riversdale Road, Hawthorn East VIC 3123

106/402 Riversdale Road, Hawthorn East VIC 3123
Modern boutique apartment | sought-after inner-east location | downsizer or professional buyer appeal | above typical two-bedroom stock | stable tenancy in place This apartment is positioned above much of the two-bedroom unit stock in the area, with a contemporary build quality and finishes that are not common in older walk-up complexes. The marble kitchen, engineered timber flooring, double glazing, and ducted heating and cooling suggest a low-maintenance, comfortable home that would suit downsizers or professional couples seeking a lock-and-leave lifestyle. Its location near Camberwell Junction, Auburn Village, and tram and train connections adds daily convenience, while the tenancy until January 2027 at $2,868 per month provides immediate rental stability for an investor. The property’s price may be influenced by its strata land component on a 1888 m² site, which could offer long-term redevelopment potential if the lot is ever consolidated, though this is not immediate. The lack of specified floor level, aspect, or outlook means the apartment’s natural light and views are unknown, which could affect its appeal to owner-occupiers. Buyers should weigh the secure parking and modern inclusions against the possibility that some value drivers remain unconfirmed, and may want to inspect the property directly to assess these factors.
Detailed Independent Property Report prepared  by PropCred Analyst team for 106/402 Riversdale Road, Hawthorn East VIC 3123
Checks found:
Value Risk ✕ 2
Liquidity Risk ✕ 2
Planning Risk ✓
Income Risk ✕ 2
Execution Risk ✕ 2
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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

1888m²

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