1817/480-490 Collins Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
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1817/480-490 Collins Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 1400m2
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Last updated 11 May 2026
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Property Details for 1817/480-490 Collins St, Melbourne

1817/480-490 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 August 2023.

Building Type
Unit
Year Built
1966
Land Size
1400m2
Local Government
Melbourne
Lot/Plan
1817/PS523999

Last Listing description (September 2023)

Investors, seize the chance to secure outstanding financial returns and enjoy the luxury of personal use with this immaculate 18th-floor studio apartment in the heart of Melbourne's CBD on prestigious Collins Street. Known for its vibrant local restaurants, bars, and luxury retail stores, this prime location offers unparalleled convenience and lifestyle benefits.

Maximise your investment potential by partnering with one of Australia's largest hotel chains, ensuring your property is well-maintained and providing you with a fixed rental income. Rest assured, the rental income is guaranteed to rise every 12 months over the next 5 years, offering a secure and profitable investment opportunity.

The apartment boasts a modern kitchenette with sleek stone bench-tops, electric cooker, oven, and dishwasher. Despite its studio layout, the living area is ample as well as a large ensuite. Expansive floor-to-ceiling windows illuminate the space, creating a bright and inviting atmosphere.

As an added bonus, the property is nestled within the esteemed 4-star hotel, Oaks on Collins, granting you access to premium amenities such as an outdoor pool, sauna, and gym, making your stay truly enjoyable.

- 900m to Flinders Street Station
- 1km to Emporium Shopping Centre
- 1km to Marvel Stadium

This property is now surplus to requirements and the sellers are looking to offload this asset that has treated them well in the 15 years they have owned it.

Call Taylor Sims on 0403 485 210 today!

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Property History for 1817/480-490 Collins St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$211,000
11 Aug 2023
  • 11 Aug 2023
    Sold for $211,000
  • 04 Aug 2023
    Listed for Sale $205,000 - $225,000
  • 29 Oct 2008
    Sold for $260,000
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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 64,264 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 300 properties listed for sale, and 168 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2665 properties were sold in the past 12 months in Melbourne.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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