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Back 307/318 Little Bourke Street
Off Market

307/318 Little Bourke Street

Melbourne VIC 3000

1
1
Apartment
Nick WaltersNick Walters, last sold this property on 18 September 2013 after 26 days on market.

Overview

7% NETT RETURN - $228,000 - MANTRA INVESTMENT APARTMENT

Apartment 307 (Lot 308) 318 Little Bourke Street Melbourne $228,000 (Private Sale) N.B: THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION This is a fabulous one bedroom apartment of 34 square meters located in this prominent heritage building in the heart of the CBD, walking distance from the Bourke Street Mall, fantastic shopping, cafes, restaurants and public transport. Leased to the Mantra BreakFree group, and run as a serviced apartment hotel, the property offers investors the security of a long term lease with further options and minimal outgoings. Lease Term: Until July 2017 Options: Four x 5 years Current Rent: $15,944 pa (Approx) (With annual CPI increases between market reviews) Return: 7% Return Outgoings: Tenant (Mantra) pays Owners Corporation Fees, Council Rates, Water Rates and Usage, Insurance and Maintenance Fund Contributions. For further details please contact the agent. 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.

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 307/318 Little Bourke Street is $350k.

Median value
$350k
Estimated value range
$39k - $935k
Median days on market
34
Estimated value trend
1%
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 307/318 Little Bourke Street

2025
Rented
Undisclosed
Leased on 11 Sep 2025 by Harcourts Melbourne City
2013
Sold
18 Sep 2013 by Nick Walters, of Kingsford Property

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 120 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 576 one-bedroom apartments similar to 307/318 Little Bourke Street, have been sold.

This represents a 24% increase in one-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

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Annamaria Stella

Annamaria Stella is an award winning recommended agent for Melbourne.  They have 15 local sales and collected 19 local reviews across the last 12 months.

  •   5   (380 reviews)
  •  19 Reviews in Melbourne
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Dionne Wilson

Sellers who recommend Dionne Wilson have praised them for being clear communication, local expert, honest, responsive, supportive, dedicated and friendly

  •   4.9   (241 reviews)
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Philip Middlemiss

Sellers who recommend Philip Middlemiss have praised them for being local expert, clear communication, responsive, supportive, well-prepared, strategic and reliable

  •   5   (123 reviews)
  •  16 Reviews in Melbourne
  •  14 Sales in Melbourne
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Catherine Sheo

Catherine Sheo is a recommended agent for Melbourne.  They have 12 local sales and collected 9 local reviews across the last 12 months.

  •   5   (60 reviews)
  •  9 Reviews in Melbourne
  •  12 Sales in Melbourne
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