SOLD
RECENT ADVICE
Sold on 16 May 2024 for $540,000

1203/55 Queens Road
Melbourne VIC 3004

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 1203/55 Queens Rd, Melbourne

1203/55 Queens Rd, Melbourne is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Apartment sold in Melbourne in the last 12 months.

Building Type
Apartment

Last Listing description (May 2024)

Looking for the perfect addition to your investment portfolio? Look no further! Introducing a fantastic 2-bedroom, 1-bathroom property nestled in the vibrant heart of Melbourne's Queens Road precinct.

Location, Location, Location: Situated on Queens Road, this property offers unparalleled convenience and accessibility. With easy access to public transportation, renowned dining options, and a plethora of entertainment venues, it's an investor's dream come true.

Modern Comfort: This contemporary residence boasts two spacious bedrooms, ideal for tenants seeking comfort and functionality. The sleek, well-appointed bathroom ensures convenience for occupants.
Secure Parking: With a dedicated parking space, your tenants will enjoy the added convenience and peace of mind, making this property even more appealing.
Impressive Returns: Generating a solid rental income of $650 per week, this property promises lucrative returns on your investment, offering both stability and growth potential in Melbourne's competitive rental market.
Flexible Investment Range: Priced competitively between $525,000 - $575,000, this property presents an attractive investment opportunity suitable for both seasoned investors and those looking to enter the market.

Why Invest:
High Demand: Properties in this sought-after location are in high demand among renters, ensuring a consistent stream of income for investors.
Low Vacancy Rates: Benefit from low vacancy rates in this thriving rental market, maximizing your rental income and minimizing potential downtime.

Don't miss out on this exceptional investment opportunity! Contact us today to schedule a viewing and secure your piece of Melbourne's real estate market.

Call Maxine Thomson on 0422 036 333.

Disclaimer: All information provided is deemed reliable but not guaranteed. Buyers are advised to conduct their own due diligence.

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Property History for 1203/55 Queens Rd, Melbourne, VIC 3004

A timeline of how this property has performed in the market
Last Sold
$540,000
16 May 2024
Listed for Rent
$500/w
09 Jun 2021
  • 16 May 2024
    Sold for $540,000
  • 21 Mar 2024
    Listed for Sale Contact Agent
  • 28 Jan 2021
    Listed for Rent $500 / week
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About Melbourne 3004

The size of Melbourne is approximately 3.8 square kilometres. It has 14 parks covering nearly 74.2% 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 13,419 properties. Over the last 5 years, Houses in Melbourne have seen a 15.95% increase in median value, while Units have seen a -5.15% decrease. As at 31 October 2024:

  • The median value for Houses in Melbourne is $1,437,130 while the median value for Units is $659,144.
  • Houses have a median rent of $620 while Units have a median rent of $625.
There are currently 85 properties listed for sale, and 53 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 615 properties were sold in the past 12 months in Melbourne.

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Maxine Thomson
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Dingle Partners - Melbourne
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