FOR SALE
$480,000 - $515,000

Macaulay Road
North Melbourne VIC 3051

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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INNER CITY LUXURY LIVING

Beautiful one bedroom, 1 bathroom unit with large living area and a private balcony, offering magnificent views from the 12th floor. The bedroom all has built in robes. The kitchen is equipped with all modern appliances including a dishwasher, plenty of cupboards and meals area. There is reverse cycle air conditioning, security entrance and an undercover secure parking space.
The complex has a large outdoor area for residents' use only, 2 cinemas for private use, a gym and a large function room. The main foyer has a very large Woolworth supermarket, post office, a pharmacy, cafe and other retail outlets.
Close to all amenities, including public transport, hospitals, shopping and restaurant/cafe district.
The apartment is currently tenanted until end of the year with a good income, ideal for an investor or someone who is happy to collect the rent until they can move in themselves.
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Property Details for M1202/188 Macaulay Rd, North Melbourne

M1202/188 Macaulay Rd, North Melbourne is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for sale with PROPERTY SOLUTIONS ESTATE AGENTS.

Building Type
Apartment

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About North Melbourne 3051

The size of North Melbourne is approximately 2.4 square kilometres. It has 12 parks covering nearly 4.7% of total area. The population of North Melbourne in 2011 was 11,755 people. By 2016 the population was 14,948 showing a population growth of 27.2% in the area during that time. The predominant age group in North Melbourne is 20-29 years. Households in North Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Melbourne work in a professional occupation. In 2011, 31.4% of the homes in North Melbourne were owner-occupied compared with 28.5% in 2016.

North Melbourne has 11,892 properties. Over the last 5 years, Houses in North Melbourne have seen a 9.83% increase in median value, while Units have seen a 13.41% increase. As at 31 October 2024:

  • The median value for Houses in North Melbourne is $1,357,465 while the median value for Units is $527,495.
  • Houses have a median rent of $700 while Units have a median rent of $540.
There are currently 55 properties listed for sale, and 53 properties listed for rent in North melbourne on OnTheHouse. According to CoreLogic's data, 406 properties were sold in the past 12 months in North melbourne.

Suburb Insights for North Melbourne 3051

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Vic Apakian
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PROPERTY SOLUTIONS ESTATE AGENTS
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.