FOR SALE
$299,000 - $309,000

1018/139 Lonsdale Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Prime Investment Opportunity in the Heart of Melbourne

The Phone Code for this property is: 61088. Please quote this number when phoning or texting.
This modern 1-bedroom apartment on the 10th floor offering an exceptional investment opportunity in the heart of Melbourne. With a successful track record on Airbnb and unbeatable location, it's ideal for investors looking to capitalise on Melbourne's short-term rental market.
Investor Highlights:
• Airbnb Success: Consistent Airbnb performance with an average monthly income of $2,750, and a maximum of $3,754 over the past seven months. Currently a managed Airbnb, the contract is not locked in, allowing the purchaser the flexibility to manage their own Airbnb listing, continue with the current manager, or explore other options.
• Flexible Options: Whether you choose to continue running it as an Airbnb, manage it yourself, rent it out long-term, or live in it yourself, the possibilities are endless.
• North-Facing Balcony: Enjoy uninterrupted north-facing views from a large private balcony.
• Recent Upgrades: The apartment has been meticulously maintained with recent upgrades including new LED lighting, upgraded power circuits throughout the kitchen (including to the HOB), and new appliances.
• Turnkey Investment: Furniture is included, making this a turnkey solution for investors. However, if the purchaser prefers, the furniture can be removed.
Key Features:
• Spacious Layout: The cozy bedroom comes with a double bed and TV, and the living room features a sofa bed for additional guests.
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Property Details for 1018/139 Lonsdale St, Melbourne

1018/139 Lonsdale St, Melbourne is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with For Sale By Owner Australia Pty. Ltd..

Building Type
Apartment

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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 60,851 properties. Over the last 5 years, Houses in Melbourne have seen a 12.01% increase in median value, while Units have seen a -3.92% decrease. As at 31 October 2024:

  • The median value for Houses in Melbourne is $1,371,910 while the median value for Units is $452,109.
  • Houses have a median rent of $580 while Units have a median rent of $650.
There are currently 355 properties listed for sale, and 306 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2128 properties were sold in the past 12 months in Melbourne.

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