418/139 Lonsdale St

Off Market

418/139 Lonsdale St

Melbourne VIC 3000

Apartment

Lakshan Akasha, last sold this property on 30 January 2017 after 66 days on market.

Overview

ENDLESS EARNING POTENTIAL IN A COMMANDING LOCATION

Positioned on the highly sought after Lonsdale St location is this rare 2 bedroom cash flow apartment. Currently leased at a $1804 per month, this apartment ticks all the boxes for a safe investment. With the high demand of short term accomodation in the CBD, this apartment has endless earning potential for the savvy investor looking to capitalise on the short term rental market with returns up to $800 per week. The building is owner-occupier friendly and will also suit those searching for an inner CBD get away pad. The 2 rooms has potential to be converted into 1 large bedroom creating additional space in the dining and living area. Buy with confidence in a premium location, this apartment is only moments away from everything Melbourne CBD has to offer: - China Town - Universities Melbourne Uni/RMIT/VIC Uni Melbourne CBD, Melbourne Central Shopping Central, QV - An endless selection of shops, cafes restaurants - Public transport with trams and Melbourne Central train station within walking distance The apartment features: - 2 bedrooms with cupboards - Spacious bathroom - Light filled lounge room with balcony facing busy Lonsdale St - Split system heating/cooling - Secure intercom access - Low maintenance kitchen with electric cook top - Private balcony - Property will be sold with all furnishings - **LOW BODY CORPORATE FEES** This cash flow property has low vacancy attracting both students and business professionals on the general rental market and being in the location it is also attracts for short term rental potential.

Features

2 bedrooms

1 bathroom

Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 418/139 Lonsdale St is $540.83k.

Median value

$540.83k

Estimated value range

$237k - $3m

Median days on market

Estimated value trend

-2%

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 418/139 Lonsdale St

2017

Rented

Undisclosed

Leased on 16 Feb 2017 by Waterfront Real Estate - Docklands

2017

Sold

Undisclosed

30 Jan 2017 by Lakshan Akasha, of Waterfront Real Estate - Docklands

Happy sellers in Melbourne

83%

83% 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 2 bedroom apartments in Melbourne

In the last 12 months, 771 two-bedroom apartments similar to 418/139 Lonsdale St, have been sold.

This represents a 19% increase in two-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Melbourne for a free market appraisal.

Annamaria Stella

at Twig Real Estate

(402 reviews)

Get a free market appraisal

Dionne Wilson

at Harcourts Melbourne City

4.9

(243 reviews)

Get a free market appraisal

Philip Middlemiss

at Re-define Real Estate

(127 reviews)

Get a free market appraisal

Lizzie Zhang

at Forge Real Estate

(14 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Melbourne

Annamaria Stella

Annamaria Stella is an award winning recommended agent for Melbourne. They have 14 local sales and collected 32 local reviews across the last 12 months.

5 (402 reviews)
32 Reviews in Melbourne
14 Sales in Melbourne

View profile

Dionne Wilson

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

4.9 (243 reviews)
16 Reviews in Melbourne
29 Sales in Melbourne

View profile

Philip Middlemiss

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