1203/55 Queens RoadMelbourne VIC 3004
Property Details for 1203/55 Queens Rd, Melbourne
1203/55 Queens Rd, Melbourne is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 4658m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in May 2024.
Last Listing description (June 2024)
Looking for the perfect addition to your investment portfolio? Look no further! Introducing a fantastic 2-bedroom, 1-bathroom property nestled in the vibrant heart of Melbourne's Queens Road precinct.
Location, Location, Location: Situated on Queens Road, this property offers unparalleled convenience and accessibility. With easy access to public transportation, renowned dining options, and a plethora of entertainment venues, it's an investor's dream come true.
Modern Comfort: This contemporary residence boasts two spacious bedrooms, ideal for tenants seeking comfort and functionality. The sleek, well-appointed bathroom ensures convenience for occupants.
Impressive Returns: Generating a solid rental income of $650 per week, this property promises lucrative returns on your investment, offering both stability and growth potential in Melbourne's competitive rental market.
Flexible Investment Range: Priced competitively between $525,000 - $575,000, this property presents an attractive investment opportunity suitable for both seasoned investors and those looking to enter the market.
Why Invest:
High Demand: Properties in this sought-after location are in high demand among renters, ensuring a consistent stream of income for investors.
Low Vacancy Rates: Benefit from low vacancy rates in this thriving rental market, maximizing your rental income and minimizing potential downtime.
Don't miss out on this exceptional investment opportunity! Contact us today to schedule a viewing and secure your piece of Melbourne's real estate market.
Call Maxine Thomson on 0422 036 333.
Disclaimer: All information provided is deemed reliable but not guaranteed. Buyers are advised to conduct their own due diligence.
Property History for 1203/55 Queens Rd, Melbourne, VIC 3004
- 16 May 2024Sold for $540,000
- 21 Mar 2024Listed for Sale Contact Agent
- 28 Jan 2021Listed for Rent $500 / week
Recent sales nearby
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0About Melbourne 3004
The size of Melbourne is approximately 3.8 square kilometres. It has 14 parks covering nearly 74.2% 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 13,705 properties. Over the last 5 years, Houses in Melbourne have seen a 44.58% increase in median value, while Units have seen a -0.58% decrease. As at 31 December 2025:
- The median value for Houses in Melbourne is $2,829,947 while the median value for Units is $662,478.
- Houses have a median rent of $625 while Units have a median rent of $650.
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