2002/480-490 Collins StreetMelbourne VIC 3000
Property Details for 2002/480-490 Collins St, Melbourne
2002/480-490 Collins St, Melbourne is a 1 bedroom, 0 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 September 2025. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (October 2025)
You'll be truly impressed by the expansive decked outdoor entertainment area in this rare penthouse property. Offering 180-degree panoramic views across Melbourne's city skyline, this is an exceptional opportunity to secure a high-return investment in a premier Collins Street location. This also allows you to move in yourself and simply enjoy this prestige property. The current lease although very lucrative it also allows you to serve a notice to vacate to the tenants so you can use for yourself allowing best of both worlds.
The property features an open-plan hotel-style suite, currently leased to Oaks on Collins and returning $2,086.81 per month, providing a steady income stream. Perfectly positioned in the heart of the CBD, the property is surrounded by world-class dining, retail, and corporate amenities, making it attractive to both business and leisure guests.
Features Include:
* Oversized outdoor entertainment area with panoramic city views
* Penthouse position for ultimate privacy and outlook
* Split system heating and cooling
* Mirrored built in robe in bedroom
* Sparkling bathroom
* Open-plan hotel room with stylish modern finishes
* Leased to Oaks on Collins $2,086.81/month income
* Premier Collins Street location in Melbourne CBD
* Surrounded by restaurants, bars, retail & transport links
A truly rare investment opportunity secure your slice of Collins Street prestige today!
Property History for 2002/480-490 Collins St, Melbourne, VIC 3000
- 18 Sep 2025Sold for $250,000
- 11 Aug 2025Listed for Sale Contact Agent
- 26 Mar 2006Sold for $380,000
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 64,229 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.
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