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Sold on 11 Nov 2024 for $245,000

1805/480-490 Collins Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 28m2
Land area: 1414m2
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Property Details for 1805/480-490 Collins St, Melbourne

1805/480-490 Collins St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1966. The property has a land size of 1414m2 and floor size of 28m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
1966
Floor Size
28m2
Land Size
1414m2
Local Government
Melbourne
Lot/Plan
1805/PS523999

Last Listing description (November 2024)

Welcome to your new urban oasis at 1805/480 Collins St, where contemporary design meets city living! Nestled in one of Melbourne's most sought-after high-rise buildings, this stylish one-bedroom apartment offers a perfect blend of comfort, convenience, and sophistication.
This apartment boasts a striking modern design that reflects the vibrant spirit of Melbourne's metropolis. With its sleek lines and thoughtful layout, it's a true architectural gem.
Enjoy stunning city views from your large windows, allowing natural light to flood the space and create a warm, inviting atmosphere. The windowsill is the perfect spot to relax with a book or enjoy your morning coffee.

The interior design of this apartment is both functional and aesthetically pleasing, featuring high-quality finishes and contemporary home decor that elevate your living experience.
Situated on the golden mile of Collins Street, you'll have easy access to Melbourne's best dining, shopping, and entertainment options. Experience the vibrant urban lifestyle right at your doorstep.
This apartment is perfect for professionals, investors, or anyone looking to embrace the dynamic city life. The building offers secure access and is surrounded by essential amenities, making it a practical choice for modern living.

Currently leased with a return of $1920 per calendar month or $23,040 per year. Match this with lower than avarage owners corpration fees and you have yourself a great return on your appreciating asset.
Lease can be terminated by either lessee or lessor providing 90 days notice to vacate.

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Property History for 1805/480-490 Collins St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$245,000
11 Nov 2024
  • 11 Nov 2024
    Sold for $245,000
  • 29 Oct 2024
    Listed for Sale $245,000
  • 04 Sep 2006
    Sold for $269,000

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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 60,843 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.
There are currently 349 properties listed for sale, and 299 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2142 properties were sold in the past 12 months in Melbourne.

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