403/188 Peel Street, North Melbourne, VIC 3051

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Sold

Sold for $165,000 (Jun 04, 2019)

Strong return with long secure lease!

Situated within metres of the Queen Victoria Market, Royal Melbourne Hospital and CBD is this wonderful investment returning $14,616.00 P.A or an incredible 6.8%, increasing by CPI annually.

Accommodation includes: one bedroom, bathroom, living area, kitchenette and balcony with City Views.

This fully furnished apartment is being sold with long term lease which ensures strong future growth.

Inspection by appointment.

Property Info:
  • Property ID: 19243306
  • Property Type: Studio
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R&H Suburb Profile: North Melbourne

R&H Suburb Summary Houses
Number of sales 59
Average Price $1,315,489
Median Price $1,297,500
Median Rental Price $650 p.w.
Change in Rental Rate (5yr) 13 %
R&H Suburb Summary Units
Number of sales 159
Average Price $481,987
Median Price $425,000
Median Rental Price $460 p.w.
Change in Rental Rate (5yr) 15 %
North Melbourne, VIC - Median Trend
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