53/57-59 Flinders LaneMelbourne VIC 3000
Property Details for 53/57-59 Flinders Lane, Melbourne
53/57-59 Flinders Lane, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1929. The property has a land size of 536m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
Last Listing description (July 2012)
DREAM INVESTMENT
SUPERBLY POSITIONED IN THE PARIS END OF MELBOURNE JUST METRES FROM SPRING STREET IS THIS BEAUTIFULLY PRESENTED 1 BEDROOM APARTMENT. SECURELY LEASED ON A LONG TERM BASIS TO A SERVICED APARTMENT OPERATOR. THIS IS A MOST STREAMLINED INVESTMENT OPPORTUNITY. RETURNING A PHENOMENAL 7.2% ANNUAL RETURN. INTERNALLY THE ARCHITECTURE IS VERY CHIC AND CUTTING EDGE AND LOTS OF NATURAL LIGHT IS A FEATURE. THIS IS A UNIQUE OPPORTUNITY FOR THE ASTUTE INVESTOR SEEKING A GOOD SOLID INCOME FROM THEIR ASSET IN A PART OF MELBOURNE THAT IS VERY HIGHLY REGARDED AND GOOD PROSPECTS FOR STRONG CAPITAL GROWTH. THE SOLID LEASE PROVIDES FOR MANY OPTIONS THAT COULD TAKE THE TENANCY THROUGH TO 2027. THIS IS AN IDEAL SUPERANNUATION OPTION FOR THOSE LOOKING WELL INTO THE FUTURE. BE QUICK TO INSPECT THIS VERY SPECIAL OPPORTUNITY AND START TO ENJOY THE PATH TO CAPITAL GROWTH. FULL REFURBISHMENT UNDERTAKEN IN JANUARY 2008. VENDOR TO CONSIDER ALL PROPOSALS-MUST BE SOLD
Property History for 53/57-59 Flinders Lane, Melbourne, VIC 3000
- 08 Oct 2021Sold for $348,000
- 15 Feb 2012Listed for Sale $229,000
- 15 Apr 2009Listed for Rent - Price not available
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 64,270 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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