FOR SALE
$180,000 - $198,000

528/572 St Kilda Road
Melbourne VIC 3004

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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HIGH YIELDING STUDIO – NEAR 10% RETURN ON INVESTMENT

SUITABLE FOR INVESTORS OR OWNER OCCUPIERS
Surrounded by Melbourne’s famous leafy St Kilda Rd Boulevard and the serenity of Albert Park Lake, this affordable, newly renovated, self-contained studio apartment provides expansive opportunities for owner occupiers or astute investors alike.
It is unencumbered by institutional leases and can be leased out for $350-$370 per week.
Intelligently renovated to reflect light and expand size, the feeling is relaxed and cozy.
A built-in bed system offers flexibility of space.
A bigger than normal kitchenette with portable electric stove, fridge and microwave provide in-house cooking.
A modern bathroom and abundant of storage cupboards complete the low maintenance living with everything at your fingertips.
Well maintained building facilities include fully equipped gymnasium, laundry room and 24-hour concierge.
Public transport is at your doorstep and minutes from the CBD.
With a motivated vendor this opportunity is truly a case of first in, best dressed.
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Property Details for 528/572 St Kilda Rd, Melbourne

528/572 St Kilda Rd, Melbourne is a 1 bedroom, 1 bathroom Studio. The place is currently for sale with Galldon Real Estate.

Building Type
Studio

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About Melbourne 3004

The size of Melbourne is approximately 3.8 square kilometres. It has 14 parks covering nearly 74.2% 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 13,570 properties. Over the last 5 years, Houses in Melbourne have seen a 64.85% increase in median value, while Units have seen a -7.33% decrease. As at 30 November 2024:

  • The median value for Houses in Melbourne is $1,999,879 while the median value for Units is $648,017.
  • Houses have a median rent of $600 while Units have a median rent of $630.
There are currently 88 properties listed for sale, and 50 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 643 properties were sold in the past 12 months in Melbourne.

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Vincent Duong
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Andrea Lisanti
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Galldon Real Estate
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