48-54 Wellington ParadeEast Melbourne VIC 3002
Property Details for 48-54 Wellington Pde, East Melbourne
48-54 Wellington Pde, East Melbourne is a 2 bedroom, 1 bathroom Unit. The property has a land size of 768m2.
Last Listing description (May 2024)
The Phone Code for this property is: 18478. Please quote this number when phoning or texting.
Looking for a long term stable investment? This twin studio apartment comes with tenancy with Quest Serviced Apartments until 2047. Not suitable for owner occupier, obligation serious commercial investors need apply. This set and forget property investment in the prestigious area of East Melbourne is a classy part of 'The Makin' an art deco hotel. The Makin's boutique exterior exudes unique character while being a rich part of Victorian heritage. Inside, The Makin is modern and stylish with many of Jeff Makin's artworks on display. Amenities include a roof top terrace, free internet access, laundry, dry cleaning service and concierge services.
Guests are able to relax in style and comfort in this twin studio apartment with it's modern kitchenette comprising refrigerator, stovetop, microwave and cookware/dishware, private bathroom, iron/ironing board, dining area, sitting area, desk, phone, LED television, cable channels, 2 queen size beds, air-conditioning and daily house-keeping.
Conveniently located within walking distance of the Melbourne Cricket Ground (MCG), Rod Laver Arena, National Sports Museum, Fitzroy Gardens, St Vincent's Hospital and public transport, this apartment will always be in high demand. The rooftop terrace views encompass the Melbourne CBD and MCG among others in a modern setting.
Priced to sell so don't miss out!
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Property History for 48-54 Wellington Pde, East Melbourne, VIC 3002
- 25 Feb 2022Listed for Sale $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.
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