505/480-490 Collins StreetMelbourne VIC 3000
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 transferred in May 2018.
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.
Property History for 505/480-490 Collins St, Melbourne, VIC 3000
- 29 Sep 2025Listed for Sale $245,000
- 17 May 2018Transferred
- 16 Dec 2014Sold for $192,000
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. There are 9 parks, covering nearly 2.5% of the 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 64,345 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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