Hawthorn East home for sale for the third time in a year has made $40,000 a month

A luxury eastern suburbs home on the market for the third time in a year has reaped one of its vendors almost $40,000 a month.

No. 23 Widford Street in Hawthorn East is again up for grabs, after selling in mid-November for $4.3 million.

It previously traded for $4,020,000 at the end of March last year, making a whopping $280,000 gain in a little over seven months.

The latest owner will go for third time lucky and send the 1930s home under the hammer on May 7.

The six-bedroom house sits on a 720-square-metre block.

RT Edgar listing agent Glen Coutinho is expecting it to fetch around $4.5 million.

Mr Coutinho auctioned the home on the two previous occasions. He said the property has settled each time, but through circumstance, has been up for grabs more than expected.

In April 2015, the house was bought by a father for his daughter, who had to sell after an overseas job offer.

The November buyer – and current vendor – also purchased for their children.

Mr Coutinho said the property’s rare city and park views, shared only by a small number of houses in that pocket of postcode 3123, and its position in an elite school belt, was dragging up the price.

He says buyers who missed out at the past auctions are in the hunt for the keys.

Prestige homes are rarely traded this frequently and tend to be held through generations.

Across in Glen Waverley, a three-bedroom house at 17 Marriott Parade was flipped for an enviable seven-figure yield.

The modest brick home sold for $6 million at auction last August, representing a $1.29 million gain for the vendor in two months.