OFF MARKET

310/600 Little Bourke Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 19m2
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Last updated 16 Sep 2024
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Property Details for 310/600 Little Bourke St, Melbourne

310/600 Little Bourke St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1998. The property has a floor size of 19m2. While the property is not currently for sale or for rent, it was last sold in May 2019.

Building Type
Unit
Year Built
1998
Floor Size
19m2
Local Government
Melbourne
Lot/Plan
310/PS402302

Last Listing description (May 2019)

This studio apartment, leased to long term tenant, Ibis Hotels, offers the opportunity for a hassle free investment that generates very strong rental returns.
Whilst other studio apartments in Melbourne are regularly selling for over $200k, here is a super affordable, light and bright studio apartment with private ensuite bathroom, sitting/study nook, and access to a communal terrace and gym.
Brilliantly located in the heart of the CBD, very close to Southern Cross Station and Marvel Stadium

Current Rental = $831.08 per month ($9,972.96 per year)
All annual outgoings (water rates, council rates, owners corporation fees plus general repairs and maintenance) are paid by the tenant, except for the owners corporation sinking fund ($990 per year) which is payable by the owner.
This property will suit SMSF buyers looking for hassle free high yield investing, or astute investors looking to take advantage of very low interest rates to setup a positive cash flow property portfolio with the aim of generating a passive income and paying off the mortgage sooner.

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Property History for 310/600 Little Bourke St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$135,000
16 May 2019
  • 16 May 2019
    Sold for $135,000
  • 09 May 2019
    Listed for Sale $139,000 (UNDER CONTRACT)
  • 04 Mar 2014
    Sold for $129,000
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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 61,329 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.
There are currently 301 properties listed for sale, and 275 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2039 properties were sold in the past 12 months in Melbourne.

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