404/471 Little Bourke St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 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 April 2025. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.
Set to impress in the heart of the CBD, this supersized studio apartment comes fully serviced and furnished as a rewarding investment opportunity. Hit the ground running as part of the well-managed PHG hotel scheme and pocket lucrative returns without having to lift a finger! Head downstairs and take full advantage of a blue-chip location within walking distance of the legal precinct, Bourke Street Mall, QV shopping, universities, Queen Victoria Market, Hardware Lane alfresco dining, Flagstaff trains, and free city trams.
The open floorplan spreads out over approximately 50sqm with wide-reaching living and dining, underscored by an L-shaped kitchen with gleaming granite surfaces, an electric cooktop, a Sharp microwave, and a Euro-style laundry. Facing east on the fourth level, the light-filled layout incorporates so much room for rest and retreat in a dedicated space offering mirrored built-in robes, a study zone, and queen-sized comfort. The vast bathroom is graced with a luxurious bathtub, a walk-in shower, and a granite-topped vanity.
Additional features include ducted heating and cooling throughout, day/night curtains, and recessed down-lighting, and resort-inspired use of a top-floor gym and sauna. The stylish furniture comprises a pair of queen-sized beds, wall-mounted televisions, a large desk and two chairs, sofa, and quality white goods including a Hisense fridge and a washer/dryer. Inspect this high-flying portfolio performer with confidence!
8.23% Annual Gross Rental Yield based on $459 per week and a sale price of $290,000.
Lease until March 2029
* Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.
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 64,238 properties. Over the last 5 years, Houses in Melbourne have seen a 33.17% increase in median value, while Units have seen a -4.37% decrease. As at 28 February 2026:
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