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Sold on 17 May 2024 - Price Unavailable

602/6 High Street
North Melbourne VIC 3051

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 602/6 High St, North Melbourne

602/6 High St, North Melbourne is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 1 bedroom Apartment sold in North Melbourne in the last 12 months.

Building Type
Apartment
Local Government
Melbourne
Lot/Plan
502/PS515095

Last Listing description (May 2024)

Step into a world of convenience and style with this contemporary, furnished Student ONLY apartment situated at the heart of Melbourne's education and cultural precinct.

OUTGOINGS
General Council Rates approx: $460/annum
Owners Corp Fee approx: $2035/annum
Water Services estimated at $500-$600/annum
*Please confirm these figures with the Section 32. This is a guide only

Current rental -
$1434/calendar month = $330/week approx
Leased until 21/2/25

This apartment offers an unparalleled opportunity for astute investors keen on capitalising on the surging demand for student accommodation.

Securely leased until Feb 2025 at approx $330/week!

This purpose-built student abode is designed with modern living in mind. It features a practical kitchenette equipped with a small fridge, microwave, and gas cooktop, alongside an ensuite-style bathroom that promises comfort and privacy. The apartment's well-conceived layout maximizes the use of space, ensuring residents enjoy both functionality and ease of living.

Savor the convenience of a security entrance, communal laundry, and lift access to all levels. Stay connected with Wi-Fi available at affordable rates, an essential for the modern student. The building also boasts an on-site tram stop, placing Melbourne University, RMIT, and the iconic Queen Victoria Market all within a leisurely walk. The convenience store just 100 meters away further enhances the appeal for a stress-free student lifestyle.

With rental demand soaring and students flocking back to the country, this investment is poised for substantial rental yield growth. The location alone guarantees a steady influx of potential tenants, providing a promising income stream for the future.

Embrace the vitality of city life with this perfectly positioned studio apartment. It's not just a wise investment; it's a slice of Melbourne's vibrant urban landscape, ready to deliver returns and lifestyle in equal measure.

Contact us now to secure your investment in the future of student living!

NOTE - Images of this apartment include styled and staged furniture.

Property History for 602/6 High St, North Melbourne, VIC 3051

A timeline of how this property has performed in the market
Last Sold
17 May 2024
Listed for Rent
$330/w
13 Nov 2023
  • 13 May 2024
    Sold for $120,000
  • 07 Mar 2024
    Listed for Sale UNDER OFFER
  • 13 Nov 2023
    Listed for Rent $330 / week
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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 11,896 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.
There are currently 56 properties listed for sale, and 53 properties listed for rent in North melbourne on OnTheHouse. According to CoreLogic's data, 405 properties were sold in the past 12 months in North melbourne.

Suburb Insights for North Melbourne 3051

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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.