1610/60 Market StreetMelbourne VIC 3000
Property Details for 1610/60 Market St, Melbourne
1610/60 Market St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 1074m2 and floor size of 42m2. While the property is not currently for sale or for rent, it was last sold in April 2018.
Last Listing description (May 2018)
This fully self-contained large Studio apartment presents as a great investment opportunity. Featuring good sized and spacious bedroom, large modern bathroom, fully appointed kitchen, with air-conditioned and heating throughout and access to the hotels large lap pool and spa, gym and sauna complete the package.
Your investment is protected by its superb location, steady returns and a very reputable tenant in Oaks apartment. For the investor, this is a straight forward and easy property to have in the portfolio that provides peace of mind and loads of potential.
All outgoings are paid for by the Oaks Hotel, except the sinking fund.
Returning $19,524 pa with CPI Increase in 2019, 2020, 2021.
Disclaimer:
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers/lessees are advised to carry out their own investigations.
Property History for 1610/60 Market St, Melbourne, VIC 3000
- 30 Apr 2018Sold for $277,000
- 27 Mar 2018Listed for Sale UNDER CONTRACT
- 14 Sep 2010Sold for $215,000
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 64,263 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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