505/480-490 Collins Street, Melbourne, VIC 3000 sold on 14 October 2025 | OnTheHouse
 
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Sold on 14 Oct 2025 for $245,000

505/480-490 Collins Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 1400m2
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Property Details for 505/480-490 Collins St, Melbourne

505/480-490 Collins St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1966. The property has a land size of 1400m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
1966
Land Size
1400m2
Local Government
Melbourne
Lot/Plan
505/PS523999

Last Listing description (October 2025)

Located in the heart of Melbourne's prestigious legal and financial precinct, this fully furnished apartment at 505/480 Collins Street offers the perfect blend of style, comfort, and convenience for both investors and owner-occupiers alike.

The apartment features warm timber floors, expansive windows that flood the space with natural light, and a modern, fully equipped kitchen with quality appliances and ample storage. The spacious living zone is complemented by split-system air conditioning for year-round comfort, while the sleek bathroom adds a touch of contemporary luxury. Every detail has been considered to provide a turnkey living experience - simply move in or rent out with ease.

Residents also enjoy access to a well-equipped on-site gym, adding to the building's lifestyle appeal. With Melbourne's laneways, cafes, transport links, and major corporate hubs right on your doorstep, this is a standout opportunity in one of the city's most tightly held locations.

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Property History for 505/480-490 Collins St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$245,000
14 Oct 2025
  • 14 Oct 2025
    Sold for $245,000
  • 29 Sep 2025
    Listed for Sale $245,000
  • 17 May 2018
    Transferred
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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 64,269 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.
There are currently 265 properties listed for sale, and 297 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2776 properties were sold in the past 12 months in Melbourne.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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