1518/480-490 Collins Street, Melbourne, VIC 3000 sold on 06 October 2025 | OnTheHouse
 
SOLD
Sold on 06 Oct 2025 for $228,000

1518/480-490 Collins Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 32m2
Land area: 1400m2
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Property Details for 1518/480-490 Collins St, Melbourne

1518/480-490 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 32m2. 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.

Building Type
Unit
Year Built
1966
Floor Size
32m2
Land Size
1400m2
Local Government
Melbourne
Lot/Plan
1518/PS523999

Last Listing description (December 2025)

Positioned on Level 15 of the renowned Oaks Melbourne on Collins, this light-filled studio apartment offers a premium lifestyle opportunity in the heart of Melbourne's CBD perfect for investors looking for a quality addition to their portfolio with a 8.7% Gross Yield (approx.)!

Featuring floor-to-ceiling windows and a north-facing balcony, the apartment is bathed in natural light and offers elevated outlooks across the city. The well-designed open-plan layout incorporates a sleek kitchenette, generous living/sleeping zone, and a modern bathroom all finished with contemporary styling.

Residents of The Oaks enjoy exclusive access to premium building amenities, including a fully equipped gym, and concierge services delivering convenience and comfort in equal measure.

With a location that speaks for itself, residents will find Southern Cross Station, free trams, laneway cafes, restaurants, and Melbourne's iconic retail and entertainment precincts all just moments away.

Disclaimer:

Internal photos shown are taken from a similar unit on Level 16. Views from the balcony are representative of the actual apartment on Level 15. Minor differences may exist.

All measurements, images, and information have been provided to Barry Plant Docklands by third parties. Purchasers are advised to carry out their own due diligence.

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Property History for 1518/480-490 Collins St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$228,000
06 Oct 2025
  • 06 Oct 2025
    Sold for $228,000
  • 05 Sep 2025
    Listed for Sale $215,000 to $235,000
  • 11 Dec 2014
    Sold for $225,000
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About 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 64,324 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:

  • The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
  • Houses have a median rent of $700 while Units have a median rent of $675.
There are currently 304 properties listed for sale, and 182 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2664 properties were sold in the past 12 months in Melbourne.

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