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Back 1230/43 Therry St
Off Market

1230/43 Therry St

Melbourne VIC 3000

1
34 m²
Apartment
Last sold for $167,500
Alex WhiteAlex White, last sold this property on 25 July 2025 after 30 days on market.

Overview

8.55% Net Return with this Set-and-Forget Investment or the Perfect Lock-Up-and-Leave City Pad

This smartly designed studio apartment in the heart of Melbourne's CBD offers the ideal balance of lifestyle, location, and long-term value. Positioned in the secure Mercure complex, and just moments from RMIT University, the University of Melbourne, and the iconic Queen Victoria Market, this apartment delivers exceptional convenience for students, professionals, and investors alike. The apartment features an open-plan living and sleeping zone, modern kitchen with stone benchtops and quality appliances, sleek bathroom, mirrored built-in robes, reverse-cycle air conditioning, and a flat-screen TV, all ready to go, whether you're moving in or letting it out. The building is moments from public transport, Melbourne Central, Carlton Gardens, Flagstaff Gardens, and the city's best dining and retail precincts. --------------------------------------------------------------------------------------- Key Information Water Rates - $700 per annum approx. Council Rates - $600 per annum approx. Owners Corporation: $1,450 per quarter approx. Gross Return on Investment - 12.32% Net Return on Investment - 8.55% (Figures based off a sale price of $190,000) --------------------------------------------------------------------------------------- Currently under strong rental demand, the property offers a potential gross yield of 12.32% and net return of 8.55%. Whether you're investing for high returns, securing accommodation for a student, or after a low-maintenance city base, this property represents great value in a premium position. An excellent opportunity for those seeking solid rental returns and an ultra-central location. Enquire now to arrange a private inspection or receive further details.

Features

1 bathroom
34 m² floor area
Apartment

Estimated Value

Based on this property and similar apartments sold in Melbourne over the last 12 months, the estimated median property value of 1230/43 Therry St is $214k.

Median value
$214k
Estimated value range
$167.5k - $305k
Median days on market
84
Estimated value trend
10%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Melbourne. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1230/43 Therry St

2025
Sold
$167,500
25 Jul 2025 by Alex White, of Belle Property Carlton | Melbourne | North Melbourne
2015
Sold
$190,000
Private Sale/Treaty on 17 Jul 2015 by Martin Mashni, of Dingle Partners

Happy sellers in Melbourne

84%
84% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 133 reviews in Melbourne over the last 12 months.

Local market activity for apartments in Melbourne

In the last 12 months, 15 apartments similar to 1230/43 Therry St, have been sold.

This represents a 12% increase in apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Melbourne

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Dionne Wilson

Sellers who recommend Dionne Wilson have praised them for being clear communication, local expert, honest, responsive, supportive, dedicated and friendly

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Annamaria Stella

Annamaria Stella is an award winning recommended agent for Melbourne.  They have 13 local sales and collected 19 local reviews across the last 12 months.

  •   5   (380 reviews)
  •  19 Reviews in Melbourne
  •  13 Sales in Melbourne
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Philip Middlemiss

Sellers who recommend Philip Middlemiss have praised them for being local expert, clear communication, responsive, supportive, well-prepared, strategic and honest

  •   5   (113 reviews)
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  •  13 Sales in Melbourne
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Catherine Sheo

Catherine Sheo is a recommended agent for Melbourne.  They have 11 local sales and collected 8 local reviews across the last 12 months.

  •   4.9   (55 reviews)
  •  8 Reviews in Melbourne
  •  11 Sales in Melbourne
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