1611/480-490 Collins StreetMelbourne VIC 3000
Property Details for 1611/480-490 Collins St, Melbourne
1611/480-490 Collins St, Melbourne is a 1 bedroom, 1 bathroom Unit 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 February 2021.
Last Listing description (February 2021)
Situated in the heart of Melbourne this designer apartment comes with everything the city dweller could need. Featuring a larger than average studio floor plan this fully featured apartment is perfect for investors or owner occupiers.
With a brand new lease in place with paying $15,138.72 per year or 7.2% return for two years the property has a robust return. Inside the apartment has well designated spaces, with bedroom with adjoining bathroom and a galley style kitchen. Floor to ceiling windows allow ample light into the apartment.
Available to owner occupy by giving 90 day notice to the tenant this is also an affordable city pad. Heavily discounted , get in now before prices go back again !
Property History for 1611/480-490 Collins St, Melbourne, VIC 3000
- 05 Feb 2021Sold for $170,000
- 12 Oct 2020Listed for Sale $185,000
- 10 Feb 2014Sold for $185,000
Recent sales nearby
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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 64,252 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.
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