502/81 Queens Rd, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1968. The property has a land size of 2496m2 and floor size of 36m2. While the property is not currently for sale or for rent, it was last sold in April 2011.
Outstanding Views, Outstanding Investment, Outstanding Location!!
A sensational, extra large, fully furnished studio apartment with parking featuring some of the best views of Albert Park Lake you will find. Featuring a highly desirable floorplan that includes both a living and bedroom area, this recently renovated secure investment is currently returning a massive $395 per week rent with a secure tenant in place. Perfectly positioned on the 5th floor of the building with un-obstructed lake views and featuring the larger size balcony which turn to Juliet balconies on some of the higher floors. Other features include;
- Renovated kitchen with glass splashbacks and stone benchtops
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 13,698 properties. Over the last 5 years, Houses in Melbourne have seen a -2.43% decrease in median value, while Units have seen a -0.76% decrease. As at 31 March 2026:
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