204/60 Market StreetMelbourne VIC 3000
Property Details for 204/60 Market St, Melbourne
204/60 Market St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. While the property is not currently for sale or for rent, it was last sold in April 2020.
Last Listing description (February 2022)
Surrounded by a plethora of city attractions, this fully-serviced large studio apartment on the 2nd floor of the 4.5-star Oaks on Market hotel complex, offers a brilliant 'set and forget' 5 years lease.
This investment opportunity is optimized by 100% occupancy so there's no late rents, no owners corp fees, no rates and the hotel is responsible for any damage. Basically this is an investment property with a guaranteed income stream for years to come.
This apartment is highlighted by the spacious central living, sleeping and study area, robe storage, granite kitchenette with Fisher and Paykel induction cooktop, sleek bathroom, central heating and cooling, and access to building amenities which include a concierge, gymnasium, heated lap pool, sauna, spa, and three function rooms. The ground floor also has a bar, restaurant, and lobby.
Property History for 204/60 Market St, Melbourne, VIC 3000
- 21 Oct 2021Listed for Sale $270,000-$280,000
- 05 Aug 2021Listed for Sale $270,000-$280,000
- 20 Apr 2020Sold for $260,000
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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 61,329 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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