Back 2002/480 Collins Street
Off Market

2002/480 Collins Street

Melbourne VIC 3000

1
1
38 m²
Apartment
Gavin ZeitzGavin Zeitz, last sold this property on 18 September 2025 after 38 days on market.

Overview

Penthouse Luxury with Unmatched Outdoor Space & City Views

You'll be truly impressed by the expansive decked outdoor entertainment area in this rare penthouse property. Offering 180-degree panoramic views across Melbourne's city skyline, this is an exceptional opportunity to secure a high-return investment in a premier Collins Street location. This also allows you to move in yourself and simply enjoy this prestige property. The current lease although very lucrative it also allows you to serve a notice to vacate to the tenants so you can use for yourself allowing best of both worlds. The property features an open-plan hotel-style suite, currently leased to Oaks on Collins and returning $2,086.81 per month, providing a steady income stream. Perfectly positioned in the heart of the CBD, the property is surrounded by world-class dining, retail, and corporate amenities, making it attractive to both business and leisure guests. Features Include: * Oversized outdoor entertainment area with panoramic city views * Penthouse position for ultimate privacy and outlook * Split system heating and cooling * Mirrored built in robe in bedroom * Sparkling bathroom * Open-plan hotel room with stylish modern finishes * Leased to Oaks on Collins – $2,086.81/month income * Premier Collins Street location in Melbourne CBD * Surrounded by restaurants, bars, retail & transport links A truly rare investment opportunity – secure your slice of Collins Street prestige today!

Features

1 bedroom
1 bathroom
38 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 2002/480 Collins Street is $344.1k.

Median value
$344.1k
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 2002/480 Collins Street

2025
Sold
Undisclosed
18 Sep 2025 by Gavin Zeitz, of G&H Property Group

Happy sellers in Melbourne

82%
82% 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, 580 one-bedroom apartments similar to 2002/480 Collins Street, have been sold.

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

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