111/25-27 Hotham StreetEast Melbourne VIC 3002
Property Details for 111/25-27 Hotham St, East Melbourne
111/25-27 Hotham St, East Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a floor size of 53m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 1 bedroom Unit sold in East Melbourne in the last 12 months.
Last Listing description (July 2024)
This fantastic studio apartment is ideal for those seeking a convenient lifestyle, whether you're a first-time buyer or someone looking for a city retreat. It also presents a fantastic investment opportunity with great rental returns for savvy investors.
The property offers a spacious feel and generous storage, featuring a functional modern kitchen, an open living area with a built-in wardrobe, and a well-appointed bathroom. It includes a coveted on-title car space. Situated on the first floor within a secure building with intercom access, residents enjoy peace of mind and security.
With just a beautiful stroll through parklands, including Fitzroy Gardens, you can find yourself in the heart of the city in just a few minutes. Additionally, Bridge Rd's cosmopolitan retail strip, excellent bars, restaurants, and the MCG are also within walking distance. This central location is near all transport options, including West Richmond Station, Jolimont Station, trams, and buses.
Property History for 111/25-27 Hotham St, East Melbourne, VIC 3002
- 05 Jul 2024Sold for $265,000
- 30 May 2024Listed for Sale UNDER OFFER
- 07 Jun 2022Listed for Rent $300 / week
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About 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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