Back 8/487 Flinders Ln
Off Market

8/487 Flinders Ln

Melbourne VIC 3000

1
1
0 m²
Apartment
Last sold for $265,000
Adriano PersichettiAdriano Persichetti, last sold this property on 03 June 2019 after 214 days on market.

Overview

SOLD BY ADRIANO PERSICHETTI - 0402 055 437

**SOLD BY ADRIANO PERSICHETTI - 0402 055 437**Secure tenancy until August 2022 with a further 5 year lease extension until 2027 and currently returning $19,640 pa. This large 1 bedroom apartment with Flinders Lane facing and loads of natural light will make a great addition to your portfolio or superfund. Spacious separate bedroom with built in robes, open living area with large North facing windows for gorgeous natural light, also featuring air conditioning and furniture. With a superior central CBD location close to Spencer Street train station and Crown Casino, poses a sensational opportunity for an investment, with no need to constantly look for tenants (hence no letting fees and down time) and with rents increasing every year by CPI. Longer term can be used as a owner occupied convenient city pad after 2027 Outgoings: Council: $185.00 p/q Owners Corporation: $528 p/q Water: $306 p/q DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.

Features

1 bedroom
1 bathroom
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 8/487 Flinders Ln 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 8/487 Flinders Ln

2025
Rented
Undisclosed
Leased on 03 Feb 2025 by My Agent Real Estate
2024
Rented
Undisclosed
Leased on 22 Feb 2024 by My Agent Real Estate
2023
Rented
Undisclosed
Leased on 07 Nov 2023 by My Agent Real Estate

Happy sellers in Melbourne

82%
82% 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, 584 one-bedroom apartments similar to 8/487 Flinders Ln, have been sold.

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

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