2103/60 Market Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

2103/60 Market Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 1074m2
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Property Details for 2103/60 Market St, Melbourne

2103/60 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. While the property is not currently for sale or for rent, it was last sold in February 2016.

Building Type
Unit
Year Built
2000
Land Size
1074m2
Local Government
Melbourne
Lot/Plan
2103/PS336605

Last Listing description (April 2016)

Another apartment SOLD by Nick Walters of Kingsford Property - Melbourne's serviced apartment specialists with over 20 years experience in the serviced apartment market.
If you d like to discuss your investment property options please call me on 0438 557 885
Situated in the heart of the city, the Oaks on Market is a fabulous apartment hotel comprising superbly appointed, self contained serviced apartments.

Perfect for the astute investor, this large studio apartment of 37m2 situated on level 21 and with a South Eastern aspect offering sweeping views. This apartment offers high ceilings, functional floor plan offering a smart central living area in addition to an integrated granite kitchen with quality appliances and space for a queen sized bed and built in robes. Also included is a sparkling bathroom with a shower over bath and ducted reverse cycle air conditioning.
This well maintained building provides intercom entry to an elegant lobby with a reception area and restaurant/bar. It also has lift access, a fully equipped gymnasium, heated lap pool, sauna, spa and 3 function rooms.
Securely leased to the Oaks group until September 2016 with 4 further 5 year options thereafter.
Rent: $23,302 pa - $448 per week (approx.)
Return: 6.9%
Reviews: 5% increases every 2nd year of the lease
Terms: Leased to the 'Oaks Group' until September, 2016
Options: 4 x 5 year options thereafter
Outgoings:
Tenant pays: Owners Corporation fees
Council rates
Water rates
Insurance
General Maintenance
Water usage
Owner pays: Sinking fund - $250 per quarter (approx.)
For further enquiries, please call:
Nick Walters of Kingsford Property - The Serviced Apartment Specialists.
0438 557 885 or (03) 9682 6222
Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent.

Property History for 2103/60 Market St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$328,000
10 Feb 2016
  • 10 Feb 2016
    Sold for $328,000
  • 22 Dec 2015
    Listed for Sale SOLD
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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 64,268 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.
There are currently 273 properties listed for sale, and 169 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2687 properties were sold in the past 12 months in Melbourne.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.