212/44 Brunswick StreetFitzroy VIC 3065
Property Details for 212/44 Brunswick St, Fitzroy
212/44 Brunswick St, Fitzroy is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1998. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in Fitzroy in the last 12 months.
Last Listing description (April 2024)
Investors only please note, long lease. Continuous rent all year, no agents fees, no council rates, no water rates, no insurance, no general maintenance costs - all paid by Melbourne Metropole Central Apartments. One of Melbourne's most secure property investment opportunities - this fully serviced apartment in the Melbourne Metropole Central Apartments complex is perfectly suited for investors and S.M.S.F. Reliable income stream that is free of vacancies with the ongoing lease to Central Apartments Group, including annual CPI rent increases and rent reviews. Located at the doorstep of the CBD and tram at the front door. Walk around the corner to Fitzroy's famous cafe strips, Lygon street, MCG and hospitals such as St Vincent's, The Royal Vic Ear and Eye, Epworth Freemason, just to name a few. Comprises: kitchen, 2 bedroom, 2 bathrooms, large living room/dining; lift access to secure basement carpark - on title; gym/pool facilities. Continuous rent $22,952 PA. With an approx.5.3% net return. CPI rent increases and rent reviews.
Lease: Renewed option of a further 5-year lease (commenced on 10/2023) plus further 3 x 5-year options. Inspections are strictly by appointment between hotel guest check out/check in times.
Property History for 212/44 Brunswick St, Fitzroy, VIC 3065
- 28 Mar 2024Sold for $385,000
- 14 Nov 2023Listed for Sale Private Sale $435,000
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About Fitzroy 3065
The size of Fitzroy is approximately 1.4 square kilometres. It has 8 parks covering nearly 2.7% of total area. The population of Fitzroy in 2011 was 9,431 people. By 2016 the population was 10,439 showing a population growth of 10.7% in the area during that time. The predominant age group in Fitzroy is 20-29 years. Households in Fitzroy are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fitzroy work in a professional occupation. In 2011, 36.5% of the homes in Fitzroy were owner-occupied compared with 34.5% in 2016.
Fitzroy has 8,645 properties. Over the last 5 years, Houses in Fitzroy have seen a 44.39% increase in median value, while Units have seen a -2.99% decrease. As at 31 July 2024:
- The median value for Houses in Fitzroy is $1,789,785 while the median value for Units is $725,362.
- Houses have a median rent of $855 while Units have a median rent of $645.
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