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Back 410/471 Little Bourke St
Off Market

410/471 Little Bourke St

Melbourne VIC 3000

1
1
50 m²
Apartment
Nick WaltersNick Walters, last sold this property on 13 October 2025 after 10 days on market.

Overview

8.25% RETURN - IDEAL PASSIVE INCOME STREAM...

Tenanted until March 2026 with one further one year lease option, enjoy the benefits of a secure lease with this oversized executive studio serviced apartment of approximately 50sqm. Situated on Level Four and with a Westerly aspect overlooking the Little Bourke St Reserve, the apartment features an open plan kitchen, dining and living area, generous bedroom with BIR and bathroom with separate bath and shower.   The property offers a top floor gym and sauna, good security, a quality restaurant and bar situated just off the lobby, and a fantastic Melbourne location near the heart of the legal precinct all making this a very desirable investment choice. Leased to the Mantra Group on a rolling one year lease, this investment opportunity is worthy of consideration for your property portfolio. NB: THE OWNER CAN EXTINGUISH THIS LEASE AT THE END OF EACH TERM BY PROVIDING 4 MONTHS NOTICE. TO THE TENANT. This lease also allows for three nights of Owner's Use per year. (Conditions apply) IMPORTANT INFORMATION: RENT: $24,098 pa ($462 per week approx.) INCREASE: Annual 3%. RETURN: 8.25% Gross (6.8% Nett) LEASE: Until March 2026 OPTIONS: One Further One Year Option TENANT (Mantra) PAYS: Owners Corporation Admin Insurance General maintenance OWNER PAYS: Maintenance Fee: $1,875 pa Council Rates: $1,195 pa Water Rates: $1,131 pa Inspection is by private appointment. For further details please contact: Nick Walters of Kingsford Property - 0438 557 885 Nick@kingsfordproperty.com.au Disclaimer: 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. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.

Features

1 bedroom
1 bathroom
50 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 410/471 Little Bourke St is $344.58k.

Median value
$344.58k
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 410/471 Little Bourke St

2025
Sold
Undisclosed
Private Sale/Treaty on 13 Oct 2025 by Nick Walters, of Kingsford Property
2016
Sold
$290,000
Private Sale/Treaty on 31 May 2016 by Martin Mashni, of Dingle Partners

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 134 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 586 one-bedroom apartments similar to 410/471 Little Bourke St, have been sold.

This represents a 13% increase in one-bedroom apartments sales when compared to the previous 12 months.

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