63/172 William StreetMelbourne VIC 3000
Property Details for 63/172 William St, Melbourne
63/172 William St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1967. The property has a land size of 728m2. While the property is not currently for sale or for rent, it was last sold in March 2018.
Last Listing description (June 2018)
Suited for the astute investor or SMSF, this rare and spacious 71 sqm one bedroom one bathroom apartment is sure to impress. Located right in the heart of Melbourne's CBD, this apartment has ample public transport, shops and restaurants just a short stroll away.
Enter the apartment into a stylish chef's kitchen with European appliances, oven and electric stovetop. The open plan living and dining opens up onto two separate balconies with an almost 270 degree view looking down and around William Street. The living area enjoys spectacular views of the CBD buildings.
The property enjoys an excellent return and is currently leased out to Quest Apartments. An ideal set and forget purchase, you will enjoy an excellent and dependable tenant looking after your investment. There is also a possibility of occupying this perfectly positioned apartment when the lease expires.
With rental income of $23,366.64 per year currently, and yearly rental increase, this investment property will provide you with a GUARANTEED rental income for many more years.
Property History for 63/172 William St, Melbourne, VIC 3000
- 19 Mar 2018Sold for $340,000
- 08 Jan 2018Listed for Sale Not Disclosed
- 07 May 1997Sold for $212,050
Recent sales nearby
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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 64,253 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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