43/172 William StreetMelbourne VIC 3000
Property Details for 43/172 William St, Melbourne
43/172 William St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1967. The property has a land size of 728m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in March 2019.
Last Listing description (February 2021)
One-On-One Inspections are available for this property at a time to best suit you and your schedule.
The Dream:
Recently refurbished (Low costs). Perfect bolthole or astute investment. Great rental return for the now capital gain for the future. Very large one bedroom. Rivals the size of many two bedroom properties.
The Abode:
This one bedroom apartment offers a U-shaped kitchen as the centrepiece of the apartment with stainless steel appliance's, electric cook-top, dishwasher and loads of storage,
The entire apartment is bathed in light by windows that spread over two walls. Nothing feels as vibrant as floor-to-ceiling wall-to-wall glass wrapped around the living/dining area.
The quality building provides residents with designated floor lift access, video security and a convenient Melbourne address with public transport at the doorstep.
The Locale:
In the heart of Melbourne's CBD with just a short stroll to quality retail shops, cafes, bars and restaurants and minutes away from Bourke Shopping Mall, Etihad Stadium, Queen Victoria Market as well as Southbank's Crown Entertainment Centre and Docklands.
The Financials:
The annual rent paid is $22,276.065 (approx) with an annual increase of 3%, and the lease has another five options of five years, should you wish to continue leasing to quest.
the rent is reviewed at the end of each five year option on the basis of market rent conditions.
Council Rates - $975.84 (approx) (paid by owner)
Water Rates - $666.86 (approx) (paid by owner)
Admin Fund - $2306.48 (approx) (paid by Quest)
Maintenance fund - $826.08 (approx) (paid by owner)
Yield (approx) Net - 4.2% Gross - 4.68% (calculated from middle of range)
(ONLY 2 YEARS LEFT ON LEASE, THEN WILL APPRECIATE MASSIVELY IN VALUE)
Next Steps:
Reach out and book in a private appointment.
Property History for 43/172 William St, Melbourne, VIC 3000
- 25 Mar 2020Listed for Sale Private Sale $450,000 - $495,000
- 21 Mar 2019Sold for $312,260
- 06 Mar 2019Listed for Sale $370,000
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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 64,239 properties. Over the last 5 years, Houses in Melbourne have seen a 51.77% increase in median value, while Units have seen a -4.12% decrease. As at 31 January 2026:
- The median value for Houses in Melbourne is $2,008,911 while the median value for Units is $433,734.
- Houses have a median rent of $650 while Units have a median rent of $675.
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