Back 304/60 Market St
Off Market

304/60 Market St

Melbourne VIC 3000

1
1
Apartment
Last sold for $172,000
Charles EaldamaCharles Ealdama, last sold this property on 19 July 2025 after 47 days on market.

Overview

Effortless Investment, Exceptional Returns

This turnkey investment property, located within the prestigious 4.5-star Oaks on Market Street, offers a secure lease in place and delivers an impressive current rental return of approximately $1,061 per month. Boasting a consistently high occupancy rate, this opportunity is further enhanced by a range of investor-friendly benefits: no late rental payments, no Owners Corporation fees, no council rates, no agent fees, and all maintenance or damage covered by the hotel. Tenant pays for owner corp admin, council rates. water rates, insurance and general maintenance. Owner pays maintenance levy of approx. $426 per quarter approx. Property features a well kept studio with seperate bathroom, built in robes and kitchenette area. Being managed by a hotel wear and tear is minimal as it is always thoroughly cleaned in between guests. The building also features pool, gym, concierge and ground floor lounge. Lease term until 2026 with 1 further 5 year option. Conveniently situated near Flinders Street and Southern Cross Stations, and just moments from Melbourne’s CBD, this is a low-maintenance investment in a prime location.

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 304/60 Market St 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 304/60 Market St

2025
Sold
$172,000
19 Jul 2025 by Charles Ealdama, of Waterfront Real Estate - Docklands
2014
Sold
Undisclosed
Private Sale/Treaty on 09 Apr 2014 by Nay Baek, of LJ Hooker City Residential

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 133 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 304/60 Market St, have been sold.

This represents a 14% increase in one-bedroom apartments sales when compared to the previous 12 months.

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