1604/480-490 Collins StreetMelbourne VIC 3000
Property Details for 1604/480-490 Collins St, Melbourne
1604/480-490 Collins St, Melbourne is a 1 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1966. The property has a land size of 1400m2. While the property is not currently for sale or for rent, it was last sold in July 2015.
Last Listing description (April 2026)
Sophisticated Studio Living or Enjoy a 9.8% Return!
Maximizing space with a sleek open-plan design, this stylish studio apartment measures 28 square meters and is ideal for professionals seeking a city base or a smart investment. Located within the Oaks on Collins complex, residents enjoy access to premium amenities, including a fully equipped gym and sauna.
FLEXIBILTY
The apartment is currently leased to Oaks on Collins however owners can extinguish the lease and occupy the property simply by providing the hotel 90 days' notice to vacate.
The lease also allows owners to stay for short periods of time, and the hotel will pro rata the rental income. (Conditions apply)
Positioned in the heart of Melbourne's vibrant CBD, this residence offers effortless access to iconic attractions such as Crown Casino, Bourke St Mall, Melbourne's Arts, Sporting and Theatre precincts, Southern Cross and Flinders St train stations, Federation Square, Queen Victoria Market, and the Yarra River.
Rental: $24,518 p.a. ($470/week)
Return: 9.8% (Gross)
7.6% (Nett)
Lease: Until 29th February 2028
Owner's Outgoings:
Owners Corporation Administration Fee: $2,651 pa
Owners Corporation Maintenance Fee: $1,072 pa
Council Rates: $835 pa
Water Rates: $1,000 pa
Inspection is by private appointment or as advertised.
For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
Nick@kingsfordproperty.com.au
Disclaimer: Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.
Property History for 1604/480-490 Collins St, Melbourne, VIC 3000
- 09 Mar 2026Listed for Sale $250,000
- 23 Jul 2015Sold for $280,000
- 13 Apr 2015Listed for Sale $270,000 - $290,000
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 64,264 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:
- The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
- Houses have a median rent of $700 while Units have a median rent of $672.
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