3/138 Church Street, Hawthorn VIC 3122

Modern unit with reserve views | Versatile dining-study layout | Positioned for first homebuyers and investors | In a building with recent strong resale This unit presents a competitively priced entry into Hawthorn, underscored by a recent sale in the same building achieving a significantly higher price. Its internal condition is move-in ready, and the aspect over Creswick Reserve provides a tangible lifestyle premium uncommon at this price point. The configuration is ideal for a first homebuyer seeking space or an investor targeting the suburb’s solid rental yield. The primary risk is the auction guide price being notably below both the estimated value and comparable sales, which may indicate competitive bidding or underlying factors not captured in the listing. Your commercial logic rests on securing it below the estimated market value. Proceed with a strict budget, treating the guide as a starting point only. For this property, a Propcred report would validate the sales trajectory, detail strata health, and quantify any locality risks like development or noise from Denham Street. Recent comparable sales within the same building provide a clear benchmark. Apartment 1/138 Church Street, with an identical two-bedroom, one-bathroom, one-car configuration, sold for $735,000 in September 2025. This sale, significantly above the current guide, establishes a strong value precedent for this address and suggests potential upside if the subject unit is acquired near its guide.