404/155 Bourke StreetMelbourne VIC 3000
Property Details for 404/155 Bourke St, Melbourne
404/155 Bourke St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1920. The property has a land size of 837m2 and floor size of 46m2. While the property is not currently for sale or for rent, it was last sold in May 2017.
Last Listing description (April 2017)
With current annual rental income of $16,955.04, and yearly rental increase of 2.5%, this investment property will provide you with a GUARANTEED rental income which is secured by a long term Lease.
Located in the heart of Melbourne, this landmark building draws visitors near and far. Operated by Quest Group, the largest serviced apartment provider in Australia, you can be assured of stability in this worthwhile investment.
This fully furnished one bedroom apartment features creature comforts, a BIR in the bedroom, open plan kitchen and AC system, offers a home away from home to travelers, both local and overseas. There is also a fully equipped gym in the building for its guests.
With a enviable rental yield in a sought after location, this property will be a popular one with investors.
Hurry and make an appointment to visit the property before it is sold.
Inspection by Appointment.
Property History for 404/155 Bourke St, Melbourne, VIC 3000
- 15 May 2017Sold for $255,000
- 05 Mar 2017Sold for $255,000
- 30 Jan 2017Listed for Sale Not Disclosed
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 64,257 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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