Back 203/51 Garden Street
Off Market

203/51 Garden Street

South Yarra VIC 3141

1
1
Apartment
Last sold for $110,000
Simon PolinelliSimon Polinelli, last sold this property on 12 December 2015 after 197 days on market.

Overview

High Yield Opportunity for Investor!

Purpose built student accommodation complex in the heart of South Yarra's shopping and entertainment precinct. High yield investment property priced to sell. Comprises separate bedroom, modern kitchen with gas cooking, living/study and tiled bathroom. Features heating, BIRs, communal conference room, communal laundry, secure bike racks and secure intercom entry. Ideally situated within close proximity to trams, South Yarra Station and Jam Factory/Village Cinemas, South Yarra Library, Prahran Pool and Prahran Market. Also only a short walk to Swinburne University/ NMIT/ Melbourne Polytechnic. Currently leased at $999.00 per month rental, which represents a gross rental yield of over 9% approx..

Features

1 bedroom
1 bathroom
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in South Yarra over the last 12 months, the estimated median property value of 203/51 Garden Street is $376.5k.

Median value
$376.5k
Estimated value range
$135k - $870k
Median days on market
30
Estimated value trend
2%
increase over the last 12 months
Average days on market is based on recent, comparable sales in South Yarra. 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 203/51 Garden Street

2015
Sold
$110,000
Private Sale/Treaty on 12 Dec 2015 by Simon Polinelli, of Meadows Property Group

Happy sellers in South Yarra

82%
82% of sellers in South Yarra reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 51 reviews in South Yarra over the last 12 months.

Local market activity for 1 bedroom apartments in South Yarra

In the last 12 months, 271 one-bedroom apartments similar to 203/51 Garden Street, have been sold.

This represents a 9% increase in one-bedroom apartments sales when compared to the previous 12 months.

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