203/153-155 Wellington Parade SEast Melbourne VIC 3002
Property Details for 203/153-155 Wellington Pde S, East Melbourne
203/153-155 Wellington Pde S, East Melbourne is a 1 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1970. While the property is not currently for sale or for rent, it was last sold in October 2014.
Last Listing description (September 2014)
Melbourne CBD Investment
Located withing walking distance to the MCG, Melbourne CBD and Richmond Station and directly opposite the beautiful Fitzroy Gardens the position of this apartment cannot be beaten. This one bedroom apartment boasts plenty of comfort features such as; separate bedroom with full en-suite, a fully equipped kitchen, split system air conditioner, meals area and laundry facilities.
With a lease until July 2019 and 5% rent increases until then followed by 5*5 year options. With a refurbishment program commencing this year, which consists of a repaint, new carpets and upgrades to the kitchen and bathroom the apartment will be looking its best and all will be paid by the tenant.
RENT: $1374 per month
$16,495 per annum
$265,00 = 6.2% return
Rent paid regardless of occupancy, no management fees and minimal outgoings:
Lease Terms: 7/7/2014 - 6/7/2019
With 5*5 year options remaining
5% Rent increases 2015, 2016, 2017 and 2018
Call Quest Properties on 1800 697 837 or fill in the online enquiry form.
Property History for 203/153-155 Wellington Pde S, East Melbourne, VIC 3002
- 02 Oct 2014Sold for $265,000
- 29 Aug 2014Listed for Sale 265000
- 19 Feb 2005Sold for $236,500
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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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