SOLD
Sold on 24 Feb 2024 for $170,500

242/1-3 Queens Road
Melbourne VIC 3004

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 38m2
Land area: 42m2
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Property Details for 242/1-3 Queens Rd, Melbourne

Building Type
Commercial
Year Built
2003
Floor Size
38m2
Land Size
42m2
Local Government
Port Phillip
Lot/Plan
242/PS500424

Last Listing description (January 2019)

Exceptional Queens Road office with great natural light and views
New 2 year lease + 2x2 to a longstanding occupier of building
39m2 partitioned offices

Current Rental $16,676 p.a. plus all outgoings
Opposite and with views across Albert Park Lake and Albert Park Golf Course
1 Queens Road is a wonderful, modern office tower with all the amenities an occupant could wish for including: gymnasium, restaurants, corporate facilities, high functioning lifts, heating and cooling, basement car parking, and a short stroll to trams and buses

Property History for 242/1-3 Queens Rd, Melbourne, VIC 3004

A timeline of how this property has performed in the market
Last Sold
$170,500
24 Feb 2024
Listed for Rent
$622/w
18 Aug 2017
  • 24 Feb 2024
    Sold for $170,500
  • 30 Oct 2017
    Sold for $210,000
  • 09 Jan 2017
    Listed for Rent - Price not available
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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 13,428 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 86 properties listed for sale, and 51 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 637 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3004

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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.