OFF MARKET

304/18 Finlay Place
Carlton VIC 3053

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 56m2
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Last updated 11 Nov 2024
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Property Details for 304/18 Finlay Pl, Carlton

304/18 Finlay Pl, Carlton is a 1 bedroom, 1 bathroom Unit and was built in 2000. The property has a floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in March 2021.

Building Type
Unit
Year Built
2000
Floor Size
56m2
Local Government
Melbourne
Lot/Plan
304/PS427407

Last Listing description (September 2018)

**INVESTORS ONLY**
Located just off one of Melbourne's most famous streets, Lygon Street lies Quest Carlton on Finlay. The area is well known for its cafe culture and dining and is located only a short walk from the Carlton Gardens, The Royal Exhibition Building, The Melbourne Museum, the Old Melbourne Gaol and the State Library of Victoria.
The apartment is fully equipped with internal laundry facilities, a full size kitchen, split system heating and cooling and a balcony.

The lease has a 30 day owner usage subject to terms and conditions
LEASE DETAILS:
Current Rent: $393 per week ($20,439 per annum)
Next Rent Increase: 30/10/2018
Current Return: 6.28% Gross / Net 5.59%
Return as of 30th October 2018: $21,257 / 6.53% Gross
Return as of 30th October 2019: $22,107 / 6.78% Gross
Lease Terms: Lease to 29/10/2020 plus 1 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)
Approximate Owner Outgoings:
Council Rates: $995 per annum
Water Rates: Capped at $400 (Tenant pays anything above $400)
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $846 per annum

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Property History for 304/18 Finlay Pl, Carlton, VIC 3053

A timeline of how this property has performed in the market
Last Sold
$269,500
29 Mar 2021
  • 29 Mar 2021
    Sold for $269,500
  • 12 Sep 2018
    Sold for $305,000
  • 31 Jul 2018
    Listed for Sale $314,500
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About Carlton 3053

The size of Carlton is approximately 1.7 square kilometres. It has 9 parks covering nearly 20.9% of total area. The population of Carlton in 2011 was 13,509 people. By 2016 the population was 18,506 showing a population growth of 37.0% in the area during that time. The predominant age group in Carlton is 20-29 years. Households in Carlton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carlton work in a professional occupation. In 2011, 21.6% of the homes in Carlton were owner-occupied compared with 18.6% in 2016.

Carlton has 15,578 properties. Over the last 5 years, Houses in Carlton have seen a 13.97% increase in median value, while Units have seen a -6.43% decrease. As at 31 October 2024:

  • The median value for Houses in Carlton is $1,563,572 while the median value for Units is $365,938.
  • Houses have a median rent of $650 while Units have a median rent of $520.
There are currently 63 properties listed for sale, and 87 properties listed for rent in Carlton on OnTheHouse. According to CoreLogic's data, 505 properties were sold in the past 12 months in Carlton.

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