62/172 William StreetMelbourne VIC 3000
Property Details for 62/172 William St, Melbourne
62/172 William St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 1967. The property has a land size of 728m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in September 2024.
Last Listing description (November 2024)
INSPECT VIA APPOINTMENT
Affordable investment with secure rental income of $22,947 PA + 3% annual increase, this apartment represents long term yield stability. An excellent opportunity to add to your portfolio in the renewed CBD precinct.
Securely leased to an established hotel operator, The Quest, this well-maintained apartment is currently on the second year of a 5-year lease with two (2) further options of five (5) years each.
The tenant pays for OC admin fees, council and water rates.
Well located in the Central Business Precinct, the apartment features spacious open plan living, quality fitting and fixtures, modern bathroom, heating, and cooling.
Public transport is at the door, providing exceptional access to all areas of the city, and walking distance to Crown, Marvel Stadium, Southbank, Queen Victoria Market, The Arts Precinct and Bourke Street Mall Shopping .
If you are a savvy investor looking to set and forget, with consistent return above cash rate, this strategically located apartment will prove a valuable asset.
PLEASE CONTACT AGENT FOR FURTHER INFORMATION OR TO ARRANGE AN INSPECTION.
Disclaimer:
The information provided herein, and any further information supplied is intended as general information.
Please refer the Vendor Statement (section 32).
Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs.
Potential purchasers are advised to conduct independent due diligence to ensure its accuracy.
Property History for 62/172 William St, Melbourne, VIC 3000
- 23 Sep 2024Listed for Sale $350,000 - $380,000
- 20 Sep 2024Sold for $365,000
- 29 Apr 2024Listed for Sale $350,000 - $380,000
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 64,219 properties. Over the last 5 years, Houses in Melbourne have seen a 51.77% increase in median value, while Units have seen a -4.12% decrease. As at 31 January 2026:
- The median value for Houses in Melbourne is $2,008,911 while the median value for Units is $433,734.
- Houses have a median rent of $650 while Units have a median rent of $675.
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