1/48-54 Wellington ParadeEast Melbourne VIC 3002
Property Details for 1/48-54 Wellington Pde, East Melbourne
1/48-54 Wellington Pde, East Melbourne is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 32m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 1 bedroom Apartment sold in East Melbourne in the last 12 months.
Last Listing description (May 2024)
Nett $12,961 P.A. - 6.5% Return
A prime investment opportunity with hassle-free returns awaits! This high-quality property, managed by Quest, guarantees a long lease with 4% annual growth and fixed annual rental increases.
Priced to sell, this securely leased property is perfect for savvy investors seeking a secure term income stream.
Located in East Melbourne, this one-bedroom, one-bathroom apartment features a living area, kitchenette, and a rooftop terrace with city views, making it an ideal investment property.
Fully furnished, this apartment provides a perfect entry-level opportunity, attracting 6.5% rental returns and ensuring strong future growth and security.
You won't find a better return - even from the bank!
With the perfect blend of financial security and growth potential, what are you waiting for?
Property History for 1/48-54 Wellington Pde, East Melbourne, VIC 3002
- 21 May 2024Sold for $163,000
- 05 Dec 2018Sold for $198,000
- 01 Jul 2008Sold for $279,000
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0About East Melbourne 3002
The size of East Melbourne is approximately 1.9 square kilometres. It has 10 parks covering nearly 46% of total area. The population of East Melbourne in 2011 was 4,714 people. By 2016 the population was 4,987 showing a population growth of 5.8% in the area during that time. The predominant age group in East Melbourne is 30-39 years. Households in East Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Melbourne work in a professional occupation. In 2011, 42.8% of the homes in East Melbourne were owner-occupied compared with 43.6% in 2016.
East Melbourne has 5,745 properties. Over the last 5 years, Houses in East Melbourne have seen a -22.88% decrease in median value, while Units have seen a 6.61% increase. As at 28 February 2025:
- The median value for Houses in East Melbourne is $2,922,272 while the median value for Units is $756,153.
- Houses have a median rent of $950 while Units have a median rent of $633.
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