615/471 Little Bourke StreetMelbourne VIC 3000
Property Details for 615/471 Little Bourke St, Melbourne
615/471 Little Bourke St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1982. The property has a land size of 1171m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in June 2026. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (July 2026)
Located on the sixth floor with a quiet South Westerly orientation, this 55sqm apartment offers an open-plan kitchen, dining, and living space, along with a spacious bedroom featuring built-in robes and a bathroom equipped with a separate bath and shower.
This property boasts amenities such as a top-floor gym and sauna, excellent security measures, a quality restaurant and bar conveniently located adjacent to the lobby, and an enviable Melbourne location close to the legal precinct, making it an appealing investment option.
Leased to the Mantra Group on a rolling one year lease, this investment opportunity is worthy of consideration for your property portfolio.
NB: THE OWNER CAN EXTINGUISH THE LEASE AT THE END OF THE TERM BY PROVIDING 4 MONTHS NOTICE.
This lease also allows for three nights of Owner's Use per year. (Conditions apply)
IMPORTANT INFORMATION:
RENT: $26,584 pa (Effective April 2026)
($511 per week approx)
INCREASE: 3%
RETURN: 8.8% Gross
(7.3% Nett)
LEASE: Until March 2027
OPTIONS: NIL
TENANT (Mantra) PAYS:
Owners Corporation Admin
Insurance
General maintenance
ESTIMATED OWNER OUTGOINGS:
O C Maintenance Fee:$2,083 pa
Council Rates:$1,235 pa
Water Rates:$1,120 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 615/471 Little Bourke St, Melbourne, VIC 3000
- 12 Jun 2026Sold for $290,000
- 28 May 2026Listed for Sale $302,000
- 14 Mar 2026Listed for Sale $310,000
Recent sales nearby
See more recent sales nearby/assets/perm/2swbr556kmi6nhckz6c2d6ha6y?signature=767f4090bee63ec8b547a7743082609502f2f06c4895efd05a74f7fb18758637){kind=logo}
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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 64,746 properties. Over the last 5 years, Houses in Melbourne have seen a -13.97% decrease in median value, while Units have seen a -2.46% decrease. As at 30 June 2026:
- The median value for Houses in Melbourne is $1,470,997 while the median value for Units is $440,978.
- Houses have a median rent of $710 while Units have a median rent of $680.
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