5/55 Villiers StreetNorth Melbourne VIC 3051
Property Details for 5/55 Villiers St, North Melbourne
5/55 Villiers St, North Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2011. The property has a land size of 1037m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 1 bedroom Unit sold in North Melbourne in the last 12 months.
Last Listing description (May 2024)
With more and more people, and especially students, coming into Australia, there's greater need for accommodation. UniLodge have market share in the student accommodation space in Australia and it's never been a better time to invest in this type of student only property. With outstanding yields, which will only improve in the future, Villiers is the perfect environment to begin or add to your property portfolio.
Attracting excellent yields and with an excellent tenant paying an attractive $1551pcm and locked in until the end of January 2025, this property represents an outstanding property investment. Villiers is a smaller and more intimate venue for students to relax, study and socialise in a safe and secure atmosphere.
This fantastic one bedroom student accommodation is located in a prime location in Melbourne. It is only a few minutes walk to Melbourne and RMIT Universities, Queen Victoria Market, CBD, Parklands and Royal Melbourne Hospital. It is also surrounded by cafes, restaurants with vibe, along with the convenience of living extremely close to the city.
Other features include secure access to the terrace, BBQ area, and a student lounge for the tenant to relax.
* Pictures displayed may not be of this property, however, they give the purchaser the opportunity of seeing how these properties can look.
Property History for 5/55 Villiers St, North Melbourne, VIC 3051
- 30 Apr 2024Sold for $155,000
- 18 Apr 2024Listed for Sale Ready to go at $150-165,000
- 16 Jun 2015Listed for Rent - Price not available
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About North Melbourne 3051
The size of North Melbourne is approximately 2.4 square kilometres. It has 12 parks covering nearly 4.7% of total area. The population of North Melbourne in 2011 was 11,755 people. By 2016 the population was 14,948 showing a population growth of 27.2% in the area during that time. The predominant age group in North Melbourne is 20-29 years. Households in North Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Melbourne work in a professional occupation. In 2011, 31.4% of the homes in North Melbourne were owner-occupied compared with 28.5% in 2016.
North Melbourne has 11,895 properties. Over the last 5 years, Houses in North Melbourne have seen a 9.83% increase in median value, while Units have seen a 13.41% increase. As at 31 October 2024:
- The median value for Houses in North Melbourne is $1,357,465 while the median value for Units is $527,495.
- Houses have a median rent of $700 while Units have a median rent of $540.
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