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Back 604/471 Little Bourke Street
Off Market

604/471 Little Bourke Street

Melbourne VIC 3000

1
1
50 m²
Apartment
Nick WaltersNick Walters, last sold this property on 13 October 2025 after 55 days on market.

Overview

8.6% RETURN - IS THIS YOUR NEXT INCOME STREAM..??

Situated on Level six and with the preferred North/Easterly side of the building, this is a modern one bedroom apartment of approximately 50 square meters with open plan kitchen, dining and lounge area. In addition to this, there is a large bedroom area, study area and mirrored robes. A sparkling bathroom completes the picture. NB THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION. 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 PHG on a long term lease arrangement, this investment opportunity is surely something to consider for your property portfolio. IMPORTANT INFORMATION: RENT: $24,043 pa $461 per week (approx) INCREASE: 3% annual increase between market reviews (Mkt Review every 2.5 Years)) RETURN: 8.6% (Gross) 7.2% (Nett) LEASE: Until March 2029 OPTIONS: 4 x 5 years TENANT (PHG) PAYS: Owners Corporation Admin Insurance General maintenance ESTIMATED OWNER OUTGOINGS: O C Maintenance Fee: $1,875 pa Council Rates: $1,135 pa Water Rates: $1,100 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 604/471 Little Bourke Street 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 604/471 Little Bourke Street

2025
Sold
Undisclosed
Private Sale/Treaty on 13 Oct 2025 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 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 604/471 Little Bourke Street, have been sold.

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

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