310/471 Little Bourke StreetMelbourne VIC 3000
Property Details for 310/471 Little Bourke St, Melbourne
310/471 Little Bourke St, Melbourne is a 1 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1982. The property has a land size of 1171m2. While the property is not currently for sale or for rent, it was last sold in February 2014.
Last Listing description (December 2015)
Apartment 310
471 Little Bourke Street,
Melbourne, 3000
Interested in selling? Call Nick to discuss your options on 0438 557 885
$270,000 (Private Sale)
N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
Situated on the third floor and on the sunny Western side of the building, this is a modern one bedroom apartment of approximately 50 square meters with open plan kitchen, dining and lounge area. In addition to this, there is a large bedroom with mirrored robes and a sparkling bathroom completes the picture.
The property offers a top floor gym and sauna, good security, a quality restaurant and bar situated just off the lobby, and a fantastic Melbourne location near the heart of the legal precinct all making this a very desirable investment choice.
This apartment is in a secure long term lease with the Mantra Group, and is run as a 4 star rated serviced apartment hotel.
Rent: $17,935pa ($1,494 per month - approx)
(With annual increases between Market Reviews)
Lease: Until March 2018
Options: 2 x 5 year options
Return: 6.6% (Nett)
Outgoings: Mantra pays Owners Corp Fees, Council Rates, Water Rates, Insurance, and General Maintenance costs.
INSPECTION STRICTLY BY APPOINTMENT
For further enquiries, please call the agent.
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. Prospective purchasers are advised to carry out their own investigations.
Property History for 310/471 Little Bourke St, Melbourne, VIC 3000
- 25 May 2015Listed for Sale Not Disclosed
- 10 Feb 2014Sold for $267,500
- 13 Dec 2013Listed for Sale 270000
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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 64,266 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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