Back 709/280 Spencer St
Off Market

709/280 Spencer St

Melbourne VIC 3000

1
1
Apartment
Last sold for $228,888
Sue ChenSue Chen, last sold this property on 02 April 2019 after 34 days on market.

Overview

Under Offer- Great Investment Opportunity - Strong rental return

Under Offer- With a perfect CBD location, this modern apartment is sure to appeal to both investors and owner occupiers alike. Only a short walk to Southern Cross transport hub and in the vicinity of Melbourne's Marvel football Stadium, Coles supermarket, as well as a myriad of bars, restaurants and coffee shops. With trains and free City trams at your doorstep, this is certainly City Living at its best! Currently leased at approx $1386pcm and with a local vacancy rate approaching 7%, the long term investment potential is strong and clear. The apartment comes with gas cook top, timber flooring features, stone bench top and glass splashback. Fabulous Building Facilities Include: . Magnificent indoor pool with fabulous views . Fully equipped Gymnasium . Secure entry with intercom system Call Sue Chen now on 0342 346 288 to arrange your private viewing.

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 709/280 Spencer St 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 709/280 Spencer St

2024
Rented
Undisclosed
Leased on 07 Jan 2024 by Elite Real Estate on Elizabeth
2020
Rented
Undisclosed
Leased on 04 Feb 2020 by Elite Real Estate - Melbourne
2019
Sold
$228,888
Private Sale/Treaty on 02 Apr 2019 by Sue Chen, of Elite Real Estate - Melbourne

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 130 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 607 one-bedroom apartments similar to 709/280 Spencer St, have been sold.

This represents a 14% increase in one-bedroom apartments sales when compared to the previous 12 months.

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