202/60 Market StreetMelbourne VIC 3000
Property Details for 202/60 Market St, Melbourne
202/60 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 June 2024. There are other 1 bedroom Apartment sold in Melbourne in the last 12 months.
Last Listing description (June 2024)
This 'set and forget' investment properties within the 4.5 Star Oaks on Market Street, has an incredibly secure lease lasting until 2031 and a fabulous current return is $11,700 per annum with up to 5% CPI increases most years.
Note: THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION!
All outgoings are paid for by the tenant except the sinking fund ($1,500/pa/approx.)
Featuring a good sized/spacious bedroom, large modern bathroom, fully appointed kitchen, with air conditioning and heating throughout and access to the hotels large lap pool and spa, gym and sauna all complete this wonderful package.
Your investment is protected by its superb location, steady returns and a very reputable tenant in Oaks apartment. For the investor this is a straightforward and easy property to have in your portfolio that provides peace of mind and loads of potential.
Property Code: 507
Property History for 202/60 Market St, Melbourne, VIC 3000
- 31 May 2024Sold for $167,500
- 26 Feb 2024Listed for Sale $170,000
- 28 Mar 2014Sold for $170,000
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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 60,864 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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