G15/60 Belgrave Road, Malvern East VIC 3145

1 bed, 1 bath, 1 car | Hedgeley complex | Stonnington LGA | no overlays | zoned for Murrumbeena Primary This unit offers a rare combination of a genuinely usable one-bedroom floorplan with a full garage and no heritage or flood constraints, which is increasingly uncommon in Malvern East. The building’s design by AdeB Architects and developer pedigree from Little Projects gives it a build quality edge over older stock in the same price bracket. For a first home buyer or investor seeking a low-maintenance position with solid school zoning, the property sits in a defensible part of the market where supply of modern one-bedders with parking is tightening. The primary risk is the building’s historical price performance—comparable units have shown negative annual growth over multi-year holds, and the 2017 purchase price suggests the current listing may reflect little to no capital appreciation. That said, the rental yield at $525–$615 per week is workable, and the absence of overlay restrictions gives future flexibility. The opportunity here is not capital growth but a stable, cashflow-neutral hold in a well-located complex with strong owner-occupier demographics nearby. Use this property as a long-term rental hold or a cost-effective entry into the Stonnington market, not as a short-term trade.