1502/480-490 Collins StreetMelbourne VIC 3000
Property Details for 1502/480-490 Collins St, Melbourne
1502/480-490 Collins St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1966. The property has a land size of 1400m2 and floor size of 39m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (December 2025)
Located high on Level 15 of the sought-after Oaks Melbourne on Collins, this larger-than-average studio apartment presents an outstanding opportunity for investors looking to secure a smart, low-maintenance property in the heart of the city with a fixed term lease in place until Feb 2028 generating a gross yeild of 9.9% approx!
Thoughtfully laid out to maximise both space and comfort, the apartment features a generous open-plan design with a well-defined bedroom/living zone, sleek bathroom, and modern kitchenette complete with quality appliances and ample storage. Elevated city views add a sense of openness and connection to Melbourne's vibrant skyline.
Residents of The Oaks will enjoy access to premium building amenities, including a fully equipped gym, and hotel-style concierge offering both convenience and lifestyle appeal.
Set on prestigious Collins Street, this location places you right in the centre of Melbourne's business, retail, and entertainment precincts. Southern Cross Station, free trams, laneway cafes, restaurants, and shopping arcades are all within easy walking distance.
Please note: All information regarding floor size, layout, or dimensions has been supplied to Barry Plant Docklands by third parties. Buyers should carry out their own due diligence.
Property History for 1502/480-490 Collins St, Melbourne, VIC 3000
- 10 Oct 2025Sold for $260,000
- 05 Sep 2025Listed for Sale $295,000
- 23 Aug 2017Sold for $270,000
Recent sales nearby
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0About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.
Melbourne has 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:
- The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
- Houses have a median rent of $635 while Units have a median rent of $660.
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