76/172 William StreetMelbourne VIC 3000
Property Details for 76/172 William St, Melbourne
76/172 William St, Melbourne is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in April 2026. There are other 1 bedroom Apartment sold in Melbourne in the last 12 months.
Last Listing description (April 2026)
Located in the prestigious 'Quest on William' complex, this oversized one-bedroom apartment represents an outstanding investment-only opportunity, with a rental yield of approx. 8% and a long-term lease to a nationally recognised hotel operator.
Spanning a generous 71sqm (approx.), this well-maintained apartment is part of Quest's fully serviced accommodation portfolio, offering hassle-free income and minimal landlord responsibilities.
Investment Highlights:
• Initial rent: $26400 p.a. (in 2023)
• Fixed 3% annual increases – current rent is approx. $28007.76 p.a
• Outgoings paid by tenant (Quest) – minimal overheads for landlord
• Current net return approx. 8%, with further upside as rent continues to rise
• Optional 4 x 5-year further terms, providing potential long-term income security
• Tenant: National hotel operator (Quest) – reliable and reputable
Apartment Features:
• Spacious open-plan living/dining area
• Floor-to-ceiling windows flooding the space with natural light
• Modern kitchen with stainless steel appliances
• Generous bedroom with built-in robes
• Separate European laundry • Ducted heating & cooling
• Secure intercom access
Location Benefits:
Perfectly positioned in the heart of Melbourne's legal and financial precinct, just steps to Flagstaff Gardens, Queen Victoria Market, Docklands, Marvel Stadium, and some of the city's best retail, dining, and transport hubs. With Quest managing the day-to-day operations, investors enjoy true hands-off ownership with strong, reliable returns.
Whether you're looking for a high-performing set-and-forget investment or a rare opportunity to own in a tightly held hotel-leased building, this property is one not to miss.
Property History for 76/172 William St, Melbourne, VIC 3000
- 13 Apr 2026Sold for $340,000
- 05 Jun 2025Listed for Sale $380,000
- 17 Mar 2023Sold for $329,000
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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 64,267 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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