SOLD
RECENT ADVICE
Sold on 25 Sep 2024 for $200,000

12/487-497 Flinders Lane
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 346m2
Sold By
My Agent Real Estate Melbourne
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Property Details for 12/487-497 Flinders Lane, Melbourne

12/487-497 Flinders Lane, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1988. The property has a land size of 346m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
1988
Land Size
346m2
Local Government
Melbourne
Lot/Plan
12/SP37783

Last Listing description (October 2024)

UNDER OFFER
**AS A CONDITION OF ENTRY, ALL PERSONS WANTING TO INSPECT MUST PROVIDE NAME, TELEPHONE NUMBER AND EMAIL ADDRESS**
The Riverside Apartments offers the best location as it provides a gateway between the Melbourne CBD, Docklands and Southbank. This is a unique investment opportunity to secure a self-contained apartment in a low density four storey building situated on the corner of Flinders Lane and Highlander Lane. A fantastic over-sized 1-bed apartment with open plan living/dining area, a great outlook from large windows that showcase a bright and tranquil treescape. The exceptionally large bedroom features a study alcove and spacious wardrobe, plus ensuite. Plenty of natural light through the whole apartment with upper wall windows to allow light to filter through. The L-shaped kitchen has a tiled splashback and plenty of storage space above with electric cooktop with stainless steel mixer faucet incorporated and dishwasher. Others features include, secure entrance and elevator access, split system heating and cooling, tiled kitchen area and carpeted throughout. A great location, close to Southern Cross Station, Yarra River, Southbank Entertainment precinct and an easy walk to an extensive array of eateries, cafes, shopping hubs and boutique stores that the Melbourne CBD is renowned for. Easy access to Flinders Street trams, plus nearby entry to Melbourne's freeway network.

My Agent Real Estate, a boutique agency offering a high level of service and innovative Real Estate practices to our clients right across Melbourne. Please visit our web site www.myagentre.com.au where you can see all our listings and apply for our properties on line.

Please see the below link for an up-to-date copy of the Due Diligence Check List: http://www.consumer.vic.gov.au/duediligencechecklist

DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.

Property History for 12/487-497 Flinders Lane, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$200,000
25 Sep 2024
Listed for Rent
$495/w
18 Aug 2024
  • 25 Sep 2024
    Sold for $200,000
  • 22 Aug 2024
    Listed for Sale $229,000
  • 01 Jul 2024
    Listed for Rent $495 / week
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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 61,356 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 303 properties listed for sale, and 269 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2076 properties were sold in the past 12 months in Melbourne.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.