307/267-275 Flinders LaneMelbourne VIC 3000
Property Details for 307/267-275 Flinders Lane, Melbourne
307/267-275 Flinders Lane, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1900. The property has a land size of 681m2 and floor size of 35m2. While the property is not currently for sale or for rent, it was last sold in January 2018.
Last Listing description (March 2019)
This investment only property is leased to the Punthill Apartment Hotel on a long optional lease term, till 2037.
App $14,850 rental income a year.
Outgoing paid by the owner App - $1034.60 per year
Together with the current lease being in place, the property has a rental return of App $14,850 per year, (Rent adjustment method C.P.I) with the tenant paying a large part of the owner's corporation fees, charges and levies, town rates and water rates. Perfect for investors looking for an entry-level investment with possible deductions or as a set and forget long-term leased property.
Property History for 307/267-275 Flinders Lane, Melbourne, VIC 3000
- 11 Feb 2019Listed for Sale $200,000 - $212,000
- 22 Jan 2018Sold for $145,000
- 02 Jan 2018Listed for Sale $155,000
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 64,269 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.
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