615/480-490 Collins StreetMelbourne VIC 3000
Property Details for 615/480-490 Collins St, Melbourne
615/480-490 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 January 2016.
Last Listing description (June 2016)
Solid returns, recently refurbished and a brilliant location ensure this studio apartment makes for a smart investment in the absolute heart of bustling Collins Street. Expertly managed by Oaks On Collins, the stylish fit-out extends to leather furniture, modern appliances and quality bedding, and is complemented by full use of the complex recreational facilities. Surrounded by Melbourne s premier legal and financial institutions, it presents an immensely appealing accommodation option for both business and pleasure travellers for its proximity to thriving retail hubs, world-class cuisine, the Southbank district by the Yarra River, Crown Casino entertainment and an array of public transport. A suave city pad set to boost your portfolio, this is definitely worth a close look.
- Guaranteed rental income of $17,240 per annum,
- Outgoings of $822 per annum
- Term option from October 25 for 5 years until 2020, 3% rental increase per year
- Bright living & sleeping areas step out to balcony, leather-bound couch
- Wrap-around balcony
- Caesar - stone kitchenette with oven and electric cook-top
- Reverse-cycle heating/cooling and use of the building gym, pool and sauna
Make this one part of your super fund or invest for the future.
Contact Irina Baklien 0406 317 181 for an inspection.
Property History for 615/480-490 Collins St, Melbourne, VIC 3000
- 28 Jan 2016Sold for $255,000
- 21 Jan 2016Listed for Sale Not Disclosed
- 22 Jan 2005Sold for $225,000
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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 64,266 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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