SOLD
Sold on 09 Dec 2024 for $340,000

709/380-386 Little Lonsdale Street
Melbourne VIC 3000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Property Details for 709/380-386 Little Lonsdale St, Melbourne

709/380-386 Little Lonsdale St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 2010. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 2 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
2010
Local Government
Melbourne
Lot/Plan
709/PS612886

Last Listing description (February 2024)

Investment Elegance at La Banque

LONG LEASE TILL 2026 WITH HIGH RENTAL YIELD!!!

Perched gracefully on the seventh level of the esteemed "La Banque," one of Melbourne's newest apartment complexes, this residence offers an unparalleled investment opportunity for those seeking a prime location in the heart of the city.

This sophisticated property boasts a vast open-plan living and dining area that seamlessly extends to a sun-drenched private balcony, offering breathtaking views of the picturesque cityscape. The well-appointed corner kitchen, featuring high-quality stainless steel appliances, enhances the allure of this modern space.

Comprising two bright bedrooms, each equipped with mirrored built-in robes, this residence ensures both comfort and convenience. The sleek central bathroom, inclusive of laundry facilities, reflects contemporary design and functionality.

Additional features elevate the property's appeal, including split-system air conditioning/heating for optimal comfort, secure video intercom entry for enhanced security, and private lift access for exclusive convenience.

Residents of "La Banque" enjoy access to a range of premium amenities, including an indoor swimming pool, a well-equipped gymnasium, bicycle storage facilities, and the services of a dedicated full-time building manager.

Beyond the confines of this elegant abode, residents can relish the ease of access to Melbourne's finest attractions at your fingertips. With Flagstaff Gardens as your back yard and just moments from Queen Victoria Market, Melbourne Central Shopping Complex, and the Uni High Precinct. With trams, trains and buses at your doorstep this is the ideal location for the professional or student.

Notably, this property boasts a long lease in place until 2026, promising stability and peace of mind for discerning investors. With a high rental yield, it stands as a testament to its investment potential.

Investors seeking a property that combines modern luxury with strategic location will find this residence at "La Banque" a compelling choice. Secure your investment in the heart of this wonderful city and enjoy the unmatched privileges of urban living!

Property History for 709/380-386 Little Lonsdale St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$340,000
09 Dec 2024
  • 09 Oct 2023
    Listed for Sale $400,000 to $430,000
  • 11 Apr 2023
    Listed for Rent $550 per week
  • 09 May 2022
    Listed for Rent $400 per 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 61,586 properties. Over the last 5 years, Houses in Melbourne have seen a 21.19% increase in median value, while Units have seen a -3.65% decrease. As at 31 December 2024:

  • The median value for Houses in Melbourne is $1,287,090 while the median value for Units is $445,614.
  • Houses have a median rent of $598 while Units have a median rent of $650.
There are currently 374 properties listed for sale, and 377 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2265 properties were sold in the past 12 months in Melbourne.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.