604/471 Little Bourke StreetMelbourne VIC 3000
Property Details for 604/471 Little Bourke St, Melbourne
604/471 Little Bourke St, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1982. The property has a land size of 1171m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 2 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (November 2025)
Another apartment SOLD by Nick Walters of Kingsford Property - Melbourne's serviced apartment specialists with over 27 years' experience in the serviced apartment market.
If you'd like to discuss your investment property options please call me on 0438 557 885
Situated on Level six and with the preferred North/Easterly side of the building, this is a modern one bedroom apartment of approximately 50 square meters with open plan kitchen, dining and lounge area. In addition to this, there is a large bedroom area, study area and mirrored robes. A sparkling bathroom completes the picture.
NB THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION.
The property offers a top floor gym and sauna, good security, a quality restaurant and bar situated just off the lobby, and a fantastic Melbourne location near the heart of the legal precinct all making this a very desirable investment choice.
Leased to PHG on a long term lease arrangement, this investment opportunity is surely something to consider for your property portfolio.
IMPORTANT INFORMATION:
RENT: $24,043 pa
$461 per week (approx)
INCREASE: 3% annual increase between market reviews (Mkt Review every 2.5 Years))
RETURN: 8.6% (Gross)
7.2% (Nett)
LEASE: Until March 2029
OPTIONS: 4 x 5 years
TENANT (PHG) PAYS:
Owners Corporation Admin
Insurance
General maintenance
ESTIMATED OWNER OUTGOINGS:
O C Maintenance Fee: $1,875 pa
Council Rates: $1,135 pa
Water Rates: $1,100 pa
Inspection is by private appointment.
For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
Nick@kingsfordproperty.com.au
Disclaimer: Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.
Property History for 604/471 Little Bourke St, Melbourne, VIC 3000
- 13 Oct 2025Sold for $270,000
- 19 Aug 2025Listed for Sale $278,500
- 25 May 1999Sold for $200,000
Recent sales nearby
See more recent sales nearby/assets/perm/m66shpszaai6pdq5lfvtscpxei?signature=070985cd5866e9d6a77593651cce882d33e34b6c7ad42bcd2f2647a1d4be7dcd){kind=logo}
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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 64,229 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:
- The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
- Houses have a median rent of $635 while Units have a median rent of $660.
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