FOR SALE
$336,000

1102/5 Sutherland Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Snap up this stylish entry level abode in Melbourne Sky

Placed in the stunning heart of the CBD in the exclusive 'Melbourne Sky' residential complex, this stylish and very affordable 1 bedroom apartment awaits those passionate about grabbing a modern piece of the city.
Both investors and owner-occupiers will appreciate all the highlights this 11th floor property showcases, including north-facing living and meals zone, tiled kitchen with stone benchtops and stainless steel Miele appliances, bedroom with mirrored BIR storage, reverse cycle heating and cooling to living and bedroom, stylish bathroom, European laundry, northern balcony, and secure intercom.
Residents of Melbourne Sky will have access to a heated pool, gymnasium, spa, and sauna. You're also very close to Melbourne Central, lively Hardware Lane restaurants and bars, QV Melbourne, RMIT University, State Library of Victoria, Flagstaff Gardens, Queen Victoria Market, free trams, and Melbourne Central Station.
This property has a secured lease of $500p/w, until Jan 2025.
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Property Details for 1102/5 Sutherland St, Melbourne

1102/5 Sutherland St, Melbourne is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Melcorp Property.

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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