Back 622/572 St Kilda Rd
Off Market

622/572 St Kilda Rd

Melbourne VIC 3000

1
1
Apartment
Jarryd BowJarryd Bow, last sold this property on 07 January 2018 after 50 days on market.

Overview

CASH COW AT SEASONS HERITAGE MELBOURNE

BONUS- Up to 21 nights of hospitality per year Welcome to Seasons Heritage Melbourne on St Kilda Road. A fantastic addition to any savvy investor's portfolio. Securely leased and part of the renowned Seasons hotel group this investment opportunity is the perfect cash cow. This spacious one bedroom apartment approx 60sqm is currently returning at $26,048 per year until March 2023, with options of one (1) further terms of five (5) years each. The apartment features a spacious open plan living, quality fittings and fixtures, sparkling modern bathroom, cooling and heating and private balcony which overlooks the leafy St Kilda Road. With transport at the door providing exceptional city access, and stroll to lively St Kilda Beach, Wesley College, Albert Park Lake/Golf Course and the tempting Fitzroy Street cafes and restaurants. Amenities include 24 hour concierge services, a gymnasium and a restaurant/bar on ground level. Please note: This property is a serviced apartment and suitable for investors only

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 622/572 St Kilda Rd is $350k.

Median value
$350k
Estimated value range
$39k - $935k
Median days on market
35
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 622/572 St Kilda Rd

2018
Sold
07 Jan 2018 by Jarryd Bow, of International Equities - Carlton

Happy sellers in Melbourne

85%
85% 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 128 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 580 one-bedroom apartments similar to 622/572 St Kilda Rd, have been sold.

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

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