14/178 Power Street, Hawthorn VIC 3122

14/178 Power Street, Hawthorn VIC 3122
2 bed, 1 bath, 2 car | Rare parking edge in Hawthorn | Strong rental yield | Sought-after inner-east strip. This apartmentโ€™s strongest buying case is its two-car allocation, a genuine scarcity in this suburb that lifts both owner-occupier appeal and investor exit options above comparable one-park units. Positioned in a well-served Hawthorn complex with proven rental demand and solid school catchments, it suits a buyer seeking predictable capital growth from a standard floorplan in a liquid market. The prior $650,000 sale in 2021 anchors current value, and the listing range aligns with that level, making negotiation scope limited but rational. The risk is that the single bathroom and dated presentation may cap upside versus renovated comparables in the same building, and the broad sale range of $570,000 to $645,000 for similar units means precise condition matters. The opportunity lies in the two-car edge and consistent rental yield near 5.2%, which supports a buy-and-hold strategy. Hold this property for its income stream and parking advantage, not for short-term price jumps.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 14/178 Power Street, Hawthorn VIC 3122
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Market Insight:

Hawthorn is a premium, well-connected suburb with strong appeal to affluent professionals and families, driven by its proximity to top-tier schools, employment hubs, and lifestyle amenities. Demand for houses is anchored by owner-occupiers, while the university presence supports unit demand from investors and downsizers. Recent price trends show a softening market with some volatility, particularly for houses, though units demonstrate relative stability. Future growth is underpinned by enduring infrastructure and limited new supply, but key risks include high sensitivity to interest rates and constrained affordability at the premium end of the market.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

2

Land

2682mยฒ

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