1701/60 Market StreetMelbourne VIC 3000
Property Details for 1701/60 Market St, Melbourne
1701/60 Market 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 May 2024. There are other 1 bedroom Apartment sold in Melbourne in the last 12 months.
Last Listing description (May 2024)
Great ROI
GREAT VIEW
Not for owner Occupation as long as under a lease
This luxury one-bedroom apartment located in the premium corner position of the Oaks on Market Street is too good to be true.
The ‘set and forget' investment properties within the 4.5 Star Oaks on Market Street, has an incredibly secure lease lasting until 2036 and a fabulous current rental return of approx. $21,060 per annum.
The apartment itself open plan living /dining area, separate fully equipped granite kitchenette which has sufficient natural light from the floor to ceiling windows. Coming fully furnished with sofas, dining table & matching chairs, coffee table and flat screen TV, well-appointed large bathroom, central heating and cooling, secure building entry, and access to amenities which include a concierge, gym, heated lap pool, sauna, spa, and function room.
Nearby trams enable guests to access all the fantastic local cafes, shops, restaurants, and bars that the CBD has to offer, while other attractions within close proximity include Crown Entertainment Complex, Southbank eateries, Rialto Towers, Docklands precinct, Southern Cross Station
Property History for 1701/60 Market St, Melbourne, VIC 3000
- 16 Apr 2024Sold for $280,000
- 27 Feb 2024Listed for Sale $280,000
- 24 Apr 2009Sold for $254,160
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0About 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 61,354 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.
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