SOLD
Sold on 29 Jan 2024 for $485,000

616/300 Swanston Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 61m2
Land area: 1522m2
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Property Details for 616/300 Swanston St, Melbourne

616/300 Swanston St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 1522m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
2004
Floor Size
61m2
Land Size
1522m2
Local Government
Melbourne
Lot/Plan
616/PS435099

Last Listing description (March 2024)

This stunning near new oversized huge One Bedroom apartment is where it has been hidden. Comprising: security entrance, lift access, funky bright spacious open plan living, great sized bedroom, sleek kitchen with dishwasher and stainless steel appliances, ducted heating and air-conditioning, modern bathroom with laundry facilities and security camera. Also includes security car space.
Not that you would need a car with transport on your door step. Shopping will be a breeze with Safeway/liquor, officeworks, space health and a variety of fashion, food and beverage outlets right next door. RMIT almost next door and Melbourne University just up the road.
The generous size of the apartment and its location help to provide a potential rental of $530 per week.

Outgoings:

Council rate approx: $822.90 PA
Water rate approx: $ 600.00 PA
Owners Corp approx: $ 5637.00 PA

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Property History for 616/300 Swanston St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$485,000
29 Jan 2024
Listed for Rent
$350/w
16 Dec 2021
  • 29 Jan 2024
    Sold for $485,000
  • 15 Jan 2024
    Listed for Sale Not Disclosed
  • 01 Dec 2021
    Listed for Rent $350 / week
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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 61,550 properties. Over the last 5 years, Houses in Melbourne have seen a 14.85% increase in median value, while Units have seen a -3.54% decrease. As at 30 November 2024:

  • The median value for Houses in Melbourne is $1,252,430 while the median value for Units is $449,245.
  • Houses have a median rent of $588 while Units have a median rent of $650.
There are currently 384 properties listed for sale, and 335 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2205 properties were sold in the past 12 months in Melbourne.

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