OFF MARKET

1206/483 Swanston Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 68m2
Land area: 714m2
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Last updated 28 Oct 2024
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Property Details for 1206/483 Swanston St, Melbourne

1206/483 Swanston St, Melbourne is a 2 bedroom, 2 bathroom Unit and was built in 2007. The property has a land size of 714m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in August 2017.

Building Type
Unit
Year Built
2007
Floor Size
68m2
Land Size
714m2
Local Government
Melbourne
Lot/Plan
1206/PS512424

Last Listing description (October 2024)

Embracing a prime corner position with dynamic city views, this resort style apartment suited for first home buyers and investors thanks to its close proximity to the CBD and leading universities.

The well-presented open plan living/dining area leads out onto a broad balcony setting, perfectly poised to capture the action of the inner city. Bright floor-to-ceiling windows lets in exceptional light into the relaxed living and meals zone. An impressively scaled kitchen is equipped with sleek stone bench tops, stainless steel gas appliances and ample cupboard storage.

Both two bedrooms with built-in wardrobes and are each filled with natural light, while the master bedroom features an ensuite bathroom. Additional highlights include second bathroom with good fittings which is rare to find in this building, carpeted living area, air conditioning, concealed laundry, lift and intercom access plus a remote-controlled lock-up garage and a Huge Storage Cage!

An elegant and secure marble entry foyer, featuring a striking black water wall, precedes the 24/7 concierge/security and an outstanding selection of resident amenities. Among them are a 21-seat theatre, tennis court, fully equipped gym, 25m pool, spa, sauna, lounge, BBQ area, and covered alfresco zone.

Currently on a fixed term lease until 06 Aug 2024.

With a rental return of $800 per week or $3,477 per month for the apartment, plus about $160 per month for the storage cage, total annual return would be $43,644, you will get a cash cow working for you 24/7.

Outgoings per year (Estimate):
Council rates: $1,500
Water rates: $670
Owners corporation: $5,600
Total: $7,770

Despite of the convenience of the property, this property is also in Carlton Gardens Primary School and University High School zone, perfect for the family with kids.

Hurry up, this well-presented property will not disappoint.

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Property History for 1206/483 Swanston St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$616,000
22 Aug 2017
Listed for Rent
$780/w
04 May 2023
  • 06 Aug 2024
    Listed for Rent $750 / week
  • 24 May 2024
    Listed for Sale $650,000
  • 14 Apr 2023
    Listed for Rent $780 / week
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.

Melbourne has 60,881 properties. Over the last 5 years, Houses in Melbourne have seen a -37.57% decrease in median value, while Units have seen a 0.09% increase. As at 30 September 2024:

  • The median value for Houses in Melbourne is $742,012 while the median value for Units is $459,555.
  • Houses have a median rent of $600 while Units have a median rent of $650.
There are currently 306 properties listed for sale, and 272 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 1935 properties were sold in the past 12 months in Melbourne.

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