Back 1616/480 Collins St
Off Market

1616/480 Collins St

Melbourne VIC 3000

1
1
Apartment
Last sold for $240,000
Cici YangCici Yang, last sold this property on 19 December 2025 after 24 days on market.

Overview

Sophisticated Studio Living with Net 8% Return!

Currently Leased to Oaks on Collins Rental: $23,575.87 p.a. (8.0% return on asking price approx.) Lease: The lease is flexible if you want to owner occupy either party can give 90 days notice to vacate. It also allows you to stay for short period of time as owner occupy and they will pro rata the rental income. Outgoings: Council Rates: $256.5 per quarter approx. Water Rates: $184.27 per quarter approx. Owners Corporation Fees: $961 per quarter approx. Maximizing space with a sleek open-plan design, this stylish studio apartment is ideal for modern professionals seeking a city base or a smart investment. Located within the Oaks on Collins complex, residents enjoy access to premium amenities, including a fully equipped gym, pool, and sauna. Positioned in the heart of Melbourne's vibrant CBD, this residence offers effortless access to iconic attractions such as Bourke St Mall, QV, Melbourne Central, Southern Cross and Flinders St Stations, Federation Square, Queen Victoria Market, Crown Casino, and the Yarra River. * Open-plan living, dining, and kitchen with a dedicated bedroom zone featuring built-in robes * Well-appointed kitchen with stovetop, oven, and integrated dishwasher * Stylish bathroom with shower, vanity, and toilet * Split-system heating and air conditioning for year-round comfort * Access to on-site amenities, including a gym, pool, and sauna * Prime location within walking distance of Melbourne's best shopping, dining, and entertainment * Conveniently close to major transport hubs, including Southern Cross and Flinders Street Stations Please contact either Cici on 0452 631 220 or Wing 0434 562 662 for an inspection ASAP.

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 1616/480 Collins St is $350k.

Median value
$350k
Estimated value range
$39k - $935k
Median days on market
35
Estimated value trend
2%
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 1616/480 Collins St

2025
Sold
$240,000
Private Sale/Treaty on 19 Dec 2025 by Cici Yang, of Cedar Elm Property
2016
Sold
Undisclosed
Private Sale (EOI) on 29 Sep 2016 by Irina Baklien, of Landmark Real Estate Melbourne (Ray White Melbourne CBD)

Happy sellers in Melbourne

83%
83% 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 130 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 608 one-bedroom apartments similar to 1616/480 Collins St, have been sold.

This represents a 1% decrease in one-bedroom 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

or
Skip the list and find your ideal agent to sell your propertyFind My Agent
© 2026 RateMyAgent