308/238-242 Flinders StreetMelbourne VIC 3000
Property Details for 308/238-242 Flinders St, Melbourne
308/238-242 Flinders St, Melbourne is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1932. The property has a land size of 1054m2 and floor size of 32m2. While the property is not currently for sale or for rent, it was last sold in November 2011.
Last Listing description (August 2011)
HUGE 3 bedrooms/2 baths/2 kitchens + Furniture INCLUDED (VERY RARE)
This property boasted a 3 bedrooms/2 baths & 2 Kitchens! It is a HUGE 73m2, bigger than your usual CBD apartment!
Located in the the prime CBD Flinders Street and Swanston Street, where the Flinders Street train station and trams are at your door step. Federation Square, Botanical Garden, Arts Centre, Southank /Crown precinct are all nearby. Walk to the main financial district, international cuisines& cafes. You can easily enjoy the vibrancy of the city... RMIT & Melbourne Universities are close by.
Ideal for owner occupier who is seeking to rent out the extra bedrooms (to help pay the mortgage) or investor who is seeking higher than average rental returns!
Very popular among students as it can be shared with 5-6 people to generate VERY HIGH RENTAL INCOME.
Optional for investors:
If you manage it yourself renting room by room, this amazing property currently generates $800 to $1,000 per week at the moment! That is over $40,000/ year!
IF you don't want the hassle then you can pass the management back to Uni Lodge at approximately $2,500 per month with full services and facilities: staff reception area, study area, game room, study room ,laundry. The 24 hour on-site management can provide you with fully security and any service that you would require.
Apartment features with all furniture which includes sofas, beds, tables chairs, lamps, kitchen with all utensils, cookery, gas cook top, fridge, telephone lines, Internet connection, TV aerial connection, heating and cooling system.
Convenient location... Spacious layout.... One of a kind... Ideal investment or owner occupier wanting a bigger apartment in the CBD area...
Contact Ben for private inspection
Ben
Mobile: 0413 682 258
or
Email: Ben@ThirdKingInvestments.com
Web: http://ThirdKingInvestments.com
Property History for 308/238-242 Flinders St, Melbourne, VIC 3000
- 02 Nov 2011Sold for $188,000
- 03 Jul 2011Listed for Sale $470,000
- 26 Apr 2011Sold for $162,000
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 64,290 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:
- The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
- Houses have a median rent of $640 while Units have a median rent of $670.
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