24/101-103 George StreetEast Melbourne VIC 3002
Property Details for 24/101-103 George St, East Melbourne
24/101-103 George St, East Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 501m2 and floor size of 25m2. While the property is not currently for sale or for rent, it was last sold in November 2019.
Last Listing description (November 2019)
Light filled top floor studio apartment in leafy George Street with bedroom/living area, kitchenette bathroom. Reverse Cycle Heating/Cooling.With this very affordable and hassle free set and forget investment you dont need to worry about finding tenants or missing out on rental income in between leases, courtesy of the Secure long term lease to Knightsbridge Serviced Apartments until May 2035 (current 5 year term expires 4th May 2020, plus the tenant has a further 3 x 5 year lease options).Current Rental is $1,087.54 per month, with automatic CPI rental increases annually in May, and market reviews between 5 year terms.Minimal Outoings payable by owner:-Owners Corp Sinking Fund only $300pa-Water rates approx $850pa-Council rates $730pa-Tenant Pays general maintenance, water consumption costs and owners corporation admin fund fees.In these days of very low interest rates this apartment in one of East Melbourne's most highly sought after building makes a lot of sense for any astute investor or self managed super fund.Superbly located in quiet street yet so close to the MCG, hospitals, parklands, bridge road and the CBD.Inspection by private appointment
Property History for 24/101-103 George St, East Melbourne, VIC 3002
- 04 Nov 2019Sold for $210,000
- 23 Oct 2019Listed for Sale $219,000 (under offer)
- 04 May 2017Sold for $195,000
Recent sales nearby
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0About 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 5,831 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.
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