411/471 Little Bourke StreetMelbourne VIC 3000
Property Details for 411/471 Little Bourke St, Melbourne
411/471 Little Bourke St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2003. 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 2019.
Last Listing description (May 2019)
Here's one to silence those who say they can never find an outstanding investment property. If this doesn't satisfy you, we doubt anything will!This fully self-contained one bedroom apartment presents as a great investment opportunity and features a good sized bedroom, large modern bathroom, fully appointed kitchen, with air conditioning and heating throughout and located just a stones' throw from H & M retail store - Melbourne GPO.Your investment is protected by its superb location, steady returns with a very reputable tenant - Mantra Hotel Group. For the investor, this is a straight forward and easy property to have in the portfolio that provides peace-of-mind and loads of potential.All outgoings are paid for by the tenant except special levy.Lease expires on 31/03/2023 with 3 further terms of 5 years each.Returning $19,691 p.a with annual increase.Disclaimer:We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers/lessees are advised to carry out their own investigations.
Property History for 411/471 Little Bourke St, Melbourne, VIC 3000
- 05 Apr 2019Sold for $288,000
- 28 Mar 2019Listed for Sale CONTACT AGENT
- 25 Oct 2010Sold for $250,000
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 64,265 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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