OFF MARKET

25/101-103 George Street
East Melbourne VIC 3002

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 35m2
Land area: 481m2
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Property Details for 25/101-103 George St, East Melbourne

25/101-103 George St, East Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 481m2 and floor size of 35m2. While the property is not currently for sale or for rent, it was last sold in November 2019.

Building Type
Unit
Year Built
1975
Floor Size
35m2
Land Size
481m2
Local Government
Melbourne
Lot/Plan
25/PS420735

Last Listing description (November 2019)

Light filled top floor one bedroom apartment in leafy George Street with open plan kitchen and living area, separate bedroom bathroom. Reverse Cycle Heating/Cooling.With this hassle free set and forget investment you dont need to worry about finding tenants or missing out on rental income in between leases, courtesy of the Secure long term lease to Knightsbridge Serviced Apartments until May 2035 (current 5 year term expires 4th May 2020, plus the tenant has a further 3 x 5 year options).Current Rental is $1,242.92 per month, with automatic CPI rental increases annually in May, and market reviews between 5 year terms.Minimal Outoings payable by owner:-Owners Corp Sinking Fund only $360pa-Water rates approx $850pa-Council rates $730pa-Tenant Pays general maintenance, water consumption costs and owners corporation admin fund fees.Excellent investment for self managed super funds or investors looking for a positive cash flow investment in a blue chip location with exciting capital growth prospects.Rare opportunity to purchase the only one bedroom apartment in this highly sought after building!Inspection by private appointment

Property History for 25/101-103 George St, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$257,000
07 Nov 2019
  • 07 Nov 2019
    Sold for $257,000
  • 23 Oct 2019
    Listed for Sale $265,000 (UNDER OFFER)
  • 16 Oct 2018
    Sold for $244,000
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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 5,748 properties. Over the last 5 years, Houses in East Melbourne have seen a -8.26% decrease in median value, while Units have seen a -10.90% decrease. As at 30 September 2024:

  • The median value for Houses in East Melbourne is $3,090,845 while the median value for Units is $737,459.
  • Houses have a median rent of $1,100 while Units have a median rent of $620.
There are currently 39 properties listed for sale, and 24 properties listed for rent in East melbourne on OnTheHouse. According to CoreLogic's data, 235 properties were sold in the past 12 months in East melbourne.

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