10/48-54 Wellington Parade, East Melbourne, VIC 3002 | Property Value & History | OnTheHouse
OFF MARKET

10/48-54 Wellington Parade
East Melbourne VIC 3002

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 61m2
Land area: 768m2
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Property Details for 10/48-54 Wellington Pde, East Melbourne

10/48-54 Wellington Pde, East Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1939. The property has a land size of 768m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in January 2019.

Building Type
Unit
Year Built
1939
Floor Size
61m2
Land Size
768m2
Local Government
Melbourne
Lot/Plan
G10/PS549500

Last Listing description (December 2018)

Located on the fringe of East Melbourne only minutes to Bridge Road Richmond, this apartment is the a masterpiece of Art Deco design with a modern touch. With a sort after locale directly opposite the MCG and public transport heading towards the CBD only minutes away this is surely a blue chip investment.
Heritage Charm extenuates through this coveted low rise building, with a an amazing roof top deck with panoramic views of surrounding area. A taste of the old with a modern touch 48 Wellington parade is a rarity situated on the corner of Garden Ave, a culdersac lined with simillat Art Deco buildings.
Beneath high ceilings with downlights at the heart of the apartment is a large living and dining area, offering a urban private hideaway. The functional floorplan incorporates an immaculate kitchen with premium stainless steel fixtures including an oven, cooktop and dishwasher. The open plan design incorates two separate bed areas.

In addition, this exceptional property features a split system air conditioning to the living area, key-locked windows, a neutral colour palette and an extra large bathroom. Currently leased to the Quest with a yearly rental return of $23,362.08 Gross. This is an amazing 7% return on investment locked in until 2022 with further 3 x 5 year options.

Property History for 10/48-54 Wellington Pde, East Melbourne, VIC 3002

A timeline of how this property has performed in the market
Last Sold
$249,000
11 Jan 2019
  • 11 Jan 2019
    Sold for $249,000
  • 27 Nov 2018
    Listed for Sale $310,000
  • 08 Nov 2007
    Sold for $399,000
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About East Melbourne 3002

The size of East Melbourne is approximately 1.9 square kilometres. There are 10 parks, covering nearly 46.0% of the total area. The population of East Melbourne in 2016 was 4964 people. By 2021 the population was 4896 showing a population decline of 1.4% in the area during that time. The predominant age group in East Melbourne is 30-39 years. Households in East Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Melbourne work in a professional occupation.In 2021, 44.80% of the homes in East Melbourne were owner-occupied compared with 43.60% in 2016.

East Melbourne has 5,827 properties. Over the last 5 years, Houses in East Melbourne have seen a -15.67% decrease in median value, while Units have seen a -4.48% decrease. As at 31 August 2026:

  • The median value for Houses in East Melbourne is $3,187,953 while the median value for Units is $741,658.
  • Houses have a median rent of $1,200 while Units have a median rent of $695.
There are currently 13 properties listed for sale, and 14 properties listed for rent in East melbourne on OnTheHouse. According to Cotality's data, 229 properties were sold in the past 12 months in East melbourne.

Suburb Insights for East Melbourne 3002

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.