410/267-275 Flinders LaneMelbourne VIC 3000
Property Details for 410/267-275 Flinders Lane, Melbourne
410/267-275 Flinders Lane, Melbourne is a 0 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1890. The property has a land size of 681m2 and floor size of 41m2. While the property is not currently for sale or for rent, it was last sold in January 2019.
Last Listing description (February 2019)
SOLD
For investors with vision
This investment only property is leased to the Punthill Apartment Hotel on a long optional lease term, till 2032.
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$12,613 rental income a year.
Outgoing paid by the owner - $1034.60 per year
New lifts and general renovation is done and paid!! by the vendors to upgrade the building.
Best location in the Melbourne C.B.D, perfect for long terms investors.
With a secure lease in place meaning 100% occupancy, this serviced apartment is an absolute bargain when compared to similar sized properties. With a generous floor plan incorporating substantial kitchen space, living and a separated bedroom this large studio/apartment offers period charm in a top locale.
Together with the current lease being in place, the property has a rental return of $1051 pcm ,(Rent adjustment method C.P.I) with the tenant paying a large part of the owners corporation fees, charges and levies, town rates and water rates. Perfect for investors looking for an entry-level investment with possible deductions or as a set and forget long-term leased property.
Property History for 410/267-275 Flinders Lane, Melbourne, VIC 3000
- 28 Jan 2019Sold for $172,000
- 11 Dec 2018Listed for Sale $195,000
- 28 Nov 2017Sold for $139,990
Recent sales nearby
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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 64,328 properties. Over the last 5 years, Houses in Melbourne have seen a 5.76% increase in median value, while Units have seen a -4.47% decrease. As at 30 April 2026:
- The median value for Houses in Melbourne is $1,457,082 while the median value for Units is $442,735.
- Houses have a median rent of $700 while Units have a median rent of $675.
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