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Back 604/155 Bourke St
Off Market

604/155 Bourke St

Melbourne VIC 3000

1
1
45 m²
0 m²
Apartment
Last sold for $280,500

Overview

Entry Level Pricing in Melbourne CBD

**INVESTORS ONLY** With a new 10 year lease, low owner outgoings and located in the heart of the Melbourne CBD, Quest on Bourke offers guests all the advantages of inner city convenience. This one bedroom apartment features a comfortable living/dining room, bedroom with built-in robes and separate bathroom with laundry facilities. Lease Details Current Rent: $296 per week ($15,400.02 per annum) Next Rent Increase: 1st Jan 2018 Current Yield: 6% Gross / 6% Net Lease Terms: Lease to 31/12/2025 plus 2 x 5 Year options Rent Increases: 3% yearly with market rent reviews every 5 years (next due 2021) Approximate Owner Outgoings: Council Rates: Paid by Tenant Water Rates: Paid by tenant Body Corporate Administration fee: Paid by tenant Body Corporate Sinking fund: $0 - The owners corporation agreed not to raise any sinking fund levies this financial year, next years levies will be discussed at the next body corporate meeting. ** This apartment will be extensively refurbished with works comprising, but not limited to, new carpets, repainting and upgrades to the bathroom and kitchen. Works are planned to commence soon and the full cost will be paid for by the tenant. For full details, including a cap on future works in 2026, please refer to Annexure 'A' and the signed agreement in the contract of sale.

Features

1 bedroom
1 bathroom
45 m² floor area
0 m² lot size
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 604/155 Bourke St is $355k.

Median value
$355k
Estimated value range
$39k - $935k
Median days on market
35
Estimated value trend
4%
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 604/155 Bourke St

2025
Rented
Undisclosed
Leased on 15 Aug 2025 by Inner Real Estate NextRE
2024
Rented
Undisclosed
Leased on 11 Feb 2024 by Inner Real Estate NextRE
2017
Sold
$280,500
Private Sale/Treaty on 13 Apr 2017

Happy sellers in Melbourne

81%
81% 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 122 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 583 one-bedroom apartments similar to 604/155 Bourke St, have been sold.

This represents a 22% increase in one-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

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

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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
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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   (243 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   (127 reviews)
  •  17 Reviews in Melbourne
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Lizzie Zhang

Lizzie Zhang is a recommended agent for Melbourne.  They have 12 local sales and collected 10 local reviews across the last 12 months.

  •   5   (14 reviews)
  •  10 Reviews in Melbourne
  •  12 Sales in Melbourne
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