101/48-54 Wellington ParadeEast Melbourne VIC 3002
Property Details for 101/48-54 Wellington Pde, East Melbourne
101/48-54 Wellington Pde, East Melbourne is a 1 bedroom, 1 bathroom House and was built in 1939. The property has a land size of 767m2. While the property is not currently for sale or for rent, it was last sold in January 2009.
Last Listing description (July 2024)
For investment only and under long term lease with Quest Apartment Hotels, this spacious studio is located in the highly sought-after suburb of East Melbourne. Situated on Wellington Parade, this blue chip investment offers convenient access to the bustling city centre and a range of amenities including:
- Kitchenette
- Sitting/dining with inbuilt study desk
- Heating & cooling
- Rooftop terrace with 360-degree views
- BBQ area
- Laundry facilities on-site
- Around 27sqm of living space
This property offers great rental returns at $340 per week making it an attractive investment opportunity. Ideally positioned metres from public transport, MCG, Rod Laver Arena, AAMI Park and more.
Lease Terms & Details:
Current rent $340 per week, $17,728 per annum
Lease to 5th August 2027 with 3 x 5-year options. Rent Increases: 4% Increases yearly with market rent reviews every 5 years (next due August 2027)
Owner Outgoings:
Council Rates: $1,109 pa approx.
Water Rates: $1,200 pa approx.
Body Corporate: $1,200 pa approx.
Contact Chaise Priestley for more information and to register your interest now.
Conditions of entry - IDENTIFICATION and contact number required, otherwise entry may be refused.
The information about this property has been supplied to us by the property owner, while we have no cause to doubt its accuracy, we provide no guarantee. We cannot attest to the functionality of any fixtures, fittings or inclusions to the property. Land and apartment dimensions and floor/site plans are supplied by third parties. Typing mistakes, omissions, transposing can occur, we provide to assist but make no representation. Buyers must carry out their own due diligence.
Property History for 101/48-54 Wellington Pde, East Melbourne, VIC 3002
- 09 Jul 2024Listed for Sale Private Sale $279,000
- 26 Oct 2023Listed for Sale Private Sale $279,000
- 21 Jan 2009Sold for $349,000
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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 5,703 properties. Over the last 5 years, Houses in East Melbourne have seen a -3.97% decrease in median value, while Units have seen a -14.90% decrease. As at 31 October 2024:
- The median value for Houses in East Melbourne is $3,332,170 while the median value for Units is $724,506.
- Houses have a median rent of $1,100 while Units have a median rent of $620.
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