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Off Market

1515/480 Collins Street

Melbourne VIC 3000

1
1
30 m²
Apartment
Nick WaltersNick Walters, last sold this property on 06 November 2025 after 6 days on market.

Overview

HUGE 10% RETURN - WITH OWNER OCCUPATIUON AVAILABLE IN 2028...

Tenanted until February 2028 to Oaks Hotel, enjoy the benefits of a secure lease with the option to occupy thereafter. This is an oversized North facing executive studio serviced apartment measuring approximately 30 sqm. Situated on the15th floor of the renowned 'Oaks on Collins' building, the apartment opens to a sunny and light-filled balcony and features a stone-topped and waterfall-edged kitchen bench with an induction cooktop, as well as a built-in desk. A neat stylish bathroom underlines a commitment to best use of the space. 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 center 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. This is surely an investment opportunity to consider IMPORTANT INFORMATION: RENT: $24,600 pa ($471 per week approx.) MARKET REVIEW: Annual RETURN: 10% Gross (7.5 % Nett) LEASE: Until 29th Feb 2028 OWNER OUTGOINGS: Owners Corp Admin Fee: $2,716 pa Owners Corp Maintenance Fee: $1,098 pa Council Rates: $1,052 pa Water Rates: $1,131 pa Inspection is by private appointment or as advertised. For further details please contact: Nick Walters of Kingsford Property - 0438 557 885 Nick@kingsfordproperty.com.au Disclaimer: Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.

Features

1 bedroom
1 bathroom
30 m² floor area
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 1515/480 Collins Street is $345.27k.

Median value
$345.27k
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 1515/480 Collins Street

2025
Sold
Undisclosed
Private Sale/Treaty on 06 Nov 2025 by Nick Walters, of Kingsford Property
2024
Sold
Undisclosed
Private Sale/Treaty on 02 Apr 2024 by Jennifer Ward, of OBrien Real Estate Bairnsdale
2022
Sold
$197,500
Private Sale/Treaty on 10 Jan 2022 by Liam (Long) Do, of Compton Green

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 134 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 586 one-bedroom apartments similar to 1515/480 Collins Street, have been sold.

This represents a 13% increase in one-bedroom apartments sales when compared to the previous 12 months.

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