FOR SALE
Private Sale $279,000

101/48 Wellington Parade
East Melbourne VIC 3002

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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INVESTORS ONLY - INVEST IN STYLE & CONVENIENCE

For investment only and under long term lease with Quest Apartment Hotels, this spacious studio is located in the highly sought-after suburb of East Melbourne. Situated on Wellington Parade, this blue chip investment offers convenient access to the bustling city centre and a range of amenities including:
- Kitchenette
- Sitting/dining with inbuilt study desk
- Ensuite bathroom
- Heating & cooling
- Rooftop terrace with 360-degree views
- BBQ area
- Laundry facilities on-site
- Around 27sqm of living space
This property offers great rental returns at $340 per week making it an attractive investment opportunity. Ideally positioned metres from public transport, MCG, Rod Laver Arena, AAMI Park and more.
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Property Details for 101/48 Wellington Pde, East Melbourne

101/48 Wellington Pde, East Melbourne is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Biggin & Scott - Richmond.

Building Type
Apartment

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About East Melbourne 3002

The size of East Melbourne is approximately 1.9 square kilometres. It has 10 parks covering nearly 46% of total area. The population of East Melbourne in 2011 was 4,714 people. By 2016 the population was 4,987 showing a population growth of 5.8% in the area during that time. The predominant age group in East Melbourne is 30-39 years. Households in East Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Melbourne work in a professional occupation. In 2011, 42.8% of the homes in East Melbourne were owner-occupied compared with 43.6% in 2016.

East Melbourne has 5,703 properties. Over the last 5 years, Houses in East Melbourne have seen a -3.97% decrease in median value, while Units have seen a -14.90% decrease. As at 31 October 2024:

  • The median value for Houses in East Melbourne is $3,332,170 while the median value for Units is $724,506.
  • Houses have a median rent of $1,100 while Units have a median rent of $620.
There are currently 39 properties listed for sale, and 19 properties listed for rent in East melbourne on OnTheHouse. According to CoreLogic's data, 228 properties were sold in the past 12 months in East melbourne.

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Chaise Priestley
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Andrew Crotty
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Biggin & Scott - Richmond
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