703/55 Villiers StreetNorth Melbourne VIC 3051
Property Details for 703/55 Villiers St, North Melbourne
703/55 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 May 2024. There are other 1 bedroom Unit sold in North Melbourne in the last 12 months.
Last Listing description (June 2024)
With more and more people, especially students coming into Australia, there's more 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 property. Developing outstanding yields, which will only improve in the future, Villiers is the perfect environment to begin or add to your property portfolio.
With massive yields and reasonable outgoings, Villiers is a smaller and more intimate place 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 the vibe and convenience of city living.
This modern apartment has one large bedroom with an open plan living area and immaculate kitchenette, quality finished bathroom, and study area. Amazingly, it comes fully furnished where the students can come in with some suitcases and start living!
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 703/55 Villiers St, North Melbourne, VIC 3051
- 22 May 2024Sold for $150,000
- 16 May 2024Listed for Sale Ready to go at $150-165,000
- 09 Mar 2018Transferred
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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 11,892 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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