403/188 Peel Street, North Melbourne, Victoria, 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

We Know Your Area

R&H Suburb Profile: North Melbourne

R&H Suburb Summary Houses
Number of sales 65
Average Price $1,060,612
Median Price $990,000
Median Rental Price $650 p.w.
Change in Rental Rate (5yr) 14 %
R&H Suburb Summary Units
Number of sales 155
Average Price $458,085
Median Price $427,500
Median Rental Price $460 p.w.
Change in Rental Rate (5yr) 15 %
North Melbourne, VIC - Median Trend
  • 403/188 Peel Street, North Melbourne,
    Victoria, 3051