1616/480-490 Collins Street, Melbourne, VIC 3000 sold on 19 December 2025 | OnTheHouse
 
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Sold on 19 Dec 2025 for $240,000

1616/480-490 Collins Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 1400m2
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Cedar Elm Property
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Property Details for 1616/480-490 Collins St, Melbourne

1616/480-490 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. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
1966
Land Size
1400m2
Local Government
Melbourne
Lot/Plan
1616/PS523999

Last Listing description (December 2025)

Currently Leased to Oaks on Collins
Rental: $23,575.87 p.a. (8.0% return on asking price approx.)
Lease: The lease is flexible if you want to owner occupy either party can give 90 days notice to vacate. It also allows you to stay for short period of time as owner occupy and they will pro rata the rental income.

Outgoings:
Council Rates: $256.5 per quarter approx.
Water Rates: $184.27 per quarter approx.
Owners Corporation Fees: $961 per quarter approx.

Maximizing space with a sleek open-plan design, this stylish studio apartment is ideal for modern 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, pool, and sauna. Positioned in the heart of Melbourne's vibrant CBD, this residence offers effortless access to iconic attractions such as Bourke St Mall, QV, Melbourne Central, Southern Cross and Flinders St Stations, Federation Square, Queen Victoria Market, Crown Casino, and the Yarra River.

* Open-plan living, dining, and kitchen with a dedicated bedroom zone featuring built-in robes
* Well-appointed kitchen with stovetop, oven, and integrated dishwasher
* Stylish bathroom with shower, vanity, and toilet
* Split-system heating and air conditioning for year-round comfort
* Access to on-site amenities, including a gym, pool, and sauna
* Prime location within walking distance of Melbourne's best shopping, dining, and entertainment
* Conveniently close to major transport hubs, including Southern Cross and Flinders Street Stations

Please contact either Cici on 0452 631 220 or Wing 0434 562 662 for an inspection ASAP.

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Property History for 1616/480-490 Collins St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$240,000
19 Dec 2025
  • 19 Dec 2025
    Sold for $240,000
  • 25 Nov 2025
    Listed for Sale $225,000 to $245,000
  • 30 Sep 2016
    Sold for $270,000
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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 64,269 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.
There are currently 252 properties listed for sale, and 290 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2736 properties were sold in the past 12 months in Melbourne.

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