Back 1502/480 Collins St
Off Market

1502/480 Collins St

Melbourne VIC 3000

1
1
Apartment
Last sold for $260,000
Alice GeddesAlice Geddes, last sold this property on 09 October 2025 after -182 days on market.

Overview

FIXED TERM LEASE UNTIL 2028 with a Gross Yield of 9.9% approx.! Perfect Investment Opportunity!

Located high on Level 15 of the sought-after Oaks Melbourne on Collins, this larger-than-average studio apartment presents an outstanding opportunity for investors looking to secure a smart, low-maintenance property in the heart of the city with a fixed term lease in place until Feb 2028 generating a gross yeild of 9.9% approx! Thoughtfully laid out to maximise both space and comfort, the apartment features a generous open-plan design with a well-defined bedroom/living zone, sleek bathroom, and modern kitchenette complete with quality appliances and ample storage. Elevated city views add a sense of openness and connection to Melbourne's vibrant skyline. Residents of The Oaks will enjoy access to premium building amenities, including a fully equipped gym, and hotel-style concierge – offering both convenience and lifestyle appeal. Set on prestigious Collins Street, this location places you right in the centre of Melbourne's business, retail, and entertainment precincts. Southern Cross Station, free trams, laneway cafes, restaurants, and shopping arcades are all within easy walking distance. Please note: All information regarding floor size, layout, or dimensions has been supplied to Barry Plant Docklands by third parties. Buyers should carry out their own due diligence.

Features

1 bedroom
1 bathroom
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 1502/480 Collins St is $343.75k.

Median value
$343.75k
Estimated value range
$39k - $935k
Median days on market
37
Estimated value trend
-1%
decrease 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 1502/480 Collins St

2025
Sold
$260,000
09 Oct 2025 by Alice Geddes, of Barry Plant Docklands
2017
Sold
Undisclosed
Private Sale/Treaty on 17 Sep 2017 by Jaymee Ntentis, of Barry Plant Docklands

Happy sellers in Melbourne

80%
80% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

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This is based on voluntary sentiment collected from 135 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 578 one-bedroom apartments similar to 1502/480 Collins St, have been sold.

This represents a 15% increase in one-bedroom apartments sales when compared to the previous 12 months.

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