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Sold on 03 Sep 2024 for $560,000

703/555-563 St Kilda Road
Melbourne VIC 3004

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 58m2
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Property Details for 703/555-563 St Kilda Rd, Melbourne

703/555-563 St Kilda Rd, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2016. The property has a floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
2016
Floor Size
58m2
Local Government
Melbourne
Lot/Plan
703/PS711633

Last Listing description (September 2024)

Nestled in the prestigious Parque Apartments on St Kilda Road, this stunning 2-bedroom, 1-bathroom apartment offers contemporary urban living at its finest. With a spacious floorplan and high-end finishes, this residence is perfect for both investors and owner-occupiers alike.

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Key Features:

-Spacious Living/Dining Area: Enjoy a generous open-plan living and dining space, seamlessly flowing onto a private balcony.

-Modern Kitchen: Equipped with quality appliances, ample storage, and sleek cabinetry.
-Two Bedrooms: Both bedrooms feature built-in robes, with the master bedroom offering access to a second private balcony.

-Contemporary Bathroom: Stylishly designed with modern fixtures and fittings.

-Ducted Heating and Cooling: Stay comfortable year-round with ducted heating and cooling.

-European Laundry: Conveniently integrated into the apartment.

-Car Space and Storage Cage: Secure parking and additional storage are included.

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Building Amenities:

Parque Apartments provide a suite of luxurious amenities for residents, including:

-Landscaped gardens
-Outdoor infinity pool
-Fully equipped gymnasium
-Rooftop terrace with BBQ facilities
-Library and meeting rooms
-24-hour concierge service

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Nest or Invest Opportunity:

The property is currently tenanted on a periodic lease, returning a substantial $3,042 per month, making it a prime investment opportunity in Melbourne's thriving rental market.

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Location:

Situated on the iconic St Kilda Road, Parque Apartments offer unbeatable access to Melbourne's best attractions, including:

-Fitzroy Street and Chapel Street dining and entertainment precincts
-Albert Park Lake and Fawkner Park
-St Kilda Beach
-Melbourne CBD and public transport options

Don't miss out on the chance to secure this exceptional apartment in one of Melbourne's most sought-after locations.

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DISCLAIMER: All stated dimensions and distances are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Purchaser to make their own enquiries. Please refer to the Buyer Due Diligence Checklist available at https://www.consumer.vic.gov.au/duediligencechecklist.

Property History for 703/555-563 St Kilda Rd, Melbourne, VIC 3004

A timeline of how this property has performed in the market
Last Sold
$560,000
03 Sep 2024
Listed for Rent
$540/w
11 Jun 2022
  • 03 Sep 2024
    Sold for $560,000
  • 28 Jun 2024
    Listed for Sale $550,000 - $590,000
  • 14 Mar 2019
    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 13,565 properties. Over the last 5 years, Houses in Melbourne have seen a 80.70% increase in median value, while Units have seen a -2.76% decrease. As at 31 August 2024:

  • The median value for Houses in Melbourne is $1,977,872 while the median value for Units is $661,078.
  • Houses have a median rent of $625 while Units have a median rent of $625.
There are currently 99 properties listed for sale, and 44 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 632 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.