314/487 Flinders LaneMelbourne VIC 3000
Property Details for 314/487 Flinders Lane, Melbourne
314/487 Flinders Lane, Melbourne is a 1 bedroom, 1 bathroom Unit.
Last Listing description (July 2020)
**SOLD BY ADRIANO PERSICHETTI - 0402 055 437**Secure tenancy until August 2022 with a further 5 year lease extension until 2027 and currently returning $19,640 pa. This large 1 bedroom apartment with Flinders Lane facing and loads of natural light will make a great addition to your portfolio or superfund. Spacious separate bedroom with built in robes, open living area with large North facing windows for gorgeous natural light, also featuring air conditioning and furniture. With a superior central CBD location close to Spencer Street train station and Crown Casino, poses a sensational opportunity for an investment, with no need to constantly look for tenants (hence no letting fees and down time) and with rents increasing every year by CPI. Longer term can be used as a owner occupied convenient city pad after 2027
Outgoings: Council: $185.00 p/q Owners Corporation: $528 p/q Water: $306 p/q
DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
Property History for 314/487 Flinders Lane, Melbourne, VIC 3000
- 04 May 2020Listed for Rent - Price not available
- 09 Jul 2019Listed for Sale SOLD $265,000
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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 64,271 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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