Are Villa Units a Good Investment in Melbourne?

Villa units like this no longer make commercial sense for developers to build. 

They’re not the “highest and best use” of the land, which makes existing ones, like the one we bought in Hawthorn for a first-home buyer, even more valuable. 

6/2 Lisson Grove, Hawthorn, Vic 3122

Why? Today, developers would maximise the land by tripling the number of dwellings, adding an underground basement parking, and charging significantly higher owners’ corporation fees.

But this one is a charming single-level villa in one of Hawthorn’s most tightly held and leafy garden pockets! It has a courtyard and is set within a boutique block. This low-maintenance villa has everything going for it:

  • Light-filled living with polished timber floors.
  • Two spacious bedrooms (main with built-ins)
  • Full-size bathroom, separate laundry, + private rear courtyard.
  • Ducted heating, split system A/C, + off-street parking.
  • The majority of the owner-occupiers are in the development.
  • Off-Street Parking.

What sealed the deal and led to the decision to buy this villa? 

✅ Only 7 km to the Melbourne CBD!
✅ Surrounded by Yarra River parklands, Victoria Gardens and lifestyle amenities.
✅ Quiet location, just a short stroll to Glenferrie Road, Power Street trams, and Hawthorn Station.
✅ Move-in ready with the potential to add value in one of Melbourne’s most sought-after suburbs.
✅ Windows on the north, east, south, and west sides of the building provide excellent light and ventilation. 

This one ticked all the boxes for a first home, lifestyle, location, and liveability.

Are you thinking of buying in Hawthorn or Melbourne’s inner east?

I’m Andrew Date from Industry Insider Property.

Our clients consistently say we’re the best decision they made in their property journey. Read our reviews on LinkedIn and Google to see why.

 

Industry Insider Property
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