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Sold on 18 Jun 2024 for $167,500

202/60 Market Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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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.

Building Type
Apartment
Local Government
Melbourne
Lot/Plan
202/PS336605

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

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Property History for 202/60 Market St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$167,500
18 Jun 2024
  • 18 Jun 2024
    Sold for $167,500
  • 26 Feb 2024
    Listed for Sale $170,000
  • 28 Mar 2014
    Sold 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 61,310 properties.

    There are currently 277 properties listed for sale, and 281 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2004 properties were sold in the past 12 months in Melbourne.

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