1001/480-490 Collins StreetMelbourne VIC 3000
Property Details for 1001/480-490 Collins St, Melbourne
1001/480-490 Collins St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1966. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (October 2024)
Price reduced - Dont miss - 185K OR BEST OFFER
Live at one of the best locations in Melbourne CBD
The flexible lease allows for termination, granting vacant possession after a 90-day notice period.
Located along Melbourne's famous Golden Mile is the Oaks on Collins. This ideally situated building is a hub of activity right in the middle of the CBD. This fully refurbished building includes ample resident facilities including pool and gym, concierge, conference facilities and a five-star restaurant
this comfortably sized studio comprises air-conditioning, built in robes, and a fully equipped kitchen with stone benches.
Whether you're looking for an investment opportunity or your own urban sanctuary, this property offers excellent value for money.
Currently a serviced apartment with Oaks on Collins, providing a set-and-forget investment opportunity. Don't miss out on this fantastic opportunity to own a piece of Melbourne's vibrant city lifestyle
Property History for 1001/480-490 Collins St, Melbourne, VIC 3000
- 15 Oct 2024Sold
- 26 Aug 2024Listed for Sale $180,000 - $185,000
- 07 Jan 2011Sold for $1,580,000
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.
Melbourne has 60,846 properties. Over the last 5 years, Houses in Melbourne have seen a 12.01% increase in median value, while Units have seen a -3.92% decrease. As at 31 October 2024:
- The median value for Houses in Melbourne is $1,371,910 while the median value for Units is $452,109.
- Houses have a median rent of $580 while Units have a median rent of $650.
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