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Sold on 09 Apr 2024 - Price Unavailable

104/500 Flinders Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 104/500 Flinders St, Melbourne

104/500 Flinders St, Melbourne is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 1 bedroom Apartment sold in Melbourne in the last 12 months.

Building Type
Apartment
Local Government
Melbourne
Lot/Plan
104/RP5395

Last Listing description (April 2024)

SALE BY DEADLINE 15TH APRIL AT 5.00PM (MUST BE SOLD)

This high yielding, low-cost 1 Bedroom apartment is recently renovated, it is a gold mine for investors. Other features include a new kitchen, bathroom, and has been freshly painted, with new laundries.
It sits nestled within a central courtyard, within a very tightly held building of extremely unique proportions.

Investors take note: This property is currently being used as an Airbnb and has generated a healthy return of $33,000 per annuum averaging over approx. $2,750 per month.

The building offers one of the best rooftop views in Melbourne with views over the aquarium down to the MCG.

Additionally, the building owns the shop within the apartment block, which generates around $50,000 per year that goes towards reducing the OC fees, The OC has low and sustainable fees with substantial savings to cover the maintenance

Contact Margaret Chadwick on 0467 236 327 for an inspection This property is only available to the buyer who acts NOW. Our motivated seller will meet the market soon and you do not want to miss out.

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Property History for 104/500 Flinders St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
09 Apr 2024
  • 24 Mar 2024
    Sold for $190,000
  • 14 Mar 2024
    Listed for Sale Not Disclosed
  • 07 Dec 2021
    Listed for Sale $200,000-$210,000
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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 61,329 properties. Over the last 5 years, Houses in Melbourne have seen a 33.57% increase in median value, while Units have seen a 2.46% increase. As at 31 August 2024:

  • The median value for Houses in Melbourne is $1,218,497 while the median value for Units is $465,019.
  • Houses have a median rent of $600 while Units have a median rent of $645.
There are currently 301 properties listed for sale, and 275 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2039 properties were sold in the past 12 months in Melbourne.

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Margaret Chadwick
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Bow Residential
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