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Back 805/60 Market Street
Off Market

805/60 Market Street

Melbourne VIC 3000

2
1
62 m²
Apartment
Last sold for $301,000
Benjamin CheahBenjamin Cheah, last sold this property on 18 August 2025 after 21 days on market.

Overview

2-Bedroom, Prime Location, Approx 7% Yield Built for Investors Who Know Value

Investor-Only Opportunity | Not for Owner Occupancy If you're looking for a smart, set-and-forget investment with a strong yield and a blue-chip location, look no further. This spacious two-bedroom, one-bathroom apartment offers a rare combination of high return and low maintenance at a price that simply makes sense. Where else in Melbourne's CBD can you secure a fully managed, furnished 2-bedroom apartment with a lease in place, amenities onsite, and a gross return of approx. 7%-all for a price that's well below what owner-occupiers or standard apartments are asking? Why Investors Are Jumping On This: - Approx. Annual Rent: $22,620 (September Onwards) - Long secure lease in place - Tenant (Oaks Hotel) Pays: Council Rates, Water Rates, Owners Corp Admin Fund, Building Insurance - You Pay: Maintenance Fund - Hands-Off Investment: No vacancy risk, no chasing tenants. Oaks handles it all - Solid Yield: Approx. 7% gross return in the heart of the city The Apartment: - Approx. 62sqm with open-plan living - High ceilings, full kitchen with granite benchtops and premium appliances - Ducted heating/cooling - Access to hotel facilities including lap pool, gym, sauna, and dining The Location: Unbeatable convenience. Just a short walk to Collins Street, Bourke Street Mall, Flinders Street Station, Crown, and everything else the CBD has to offer. This is not your typical apartment. It is a fully leased, professionally managed hotel investment backed by a reputable operator. Designed for investors who want to maximise returns without lifting a finger. In today's market, where the cost of entry for 2-bedroom CBD apartments is soaring, this is one of the best value propositions you will find. Contact Benjamin Cheah or Alexander George today to lock in an inspection or request an information pack. "Any reference herein to an internal or external floor size or m2 area & information has been provided to Barry Plant Docklands/Yarra's Edge by a third party. We strongly urge all interested parties to undertake their due diligence before making any property purchase."

Features

2 bedrooms
1 bathroom
62 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 805/60 Market Street is $545.56k.

Median value
$545.56k
Estimated value range
$230k - $2.95m
Median days on market
48
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 805/60 Market Street

2025
Sold
$301,000
Private Sale/Treaty on 18 Aug 2025 by Benjamin Cheah, of Barry Plant Docklands
2025
Sold
$301,000
17 Aug 2025 by Benjamin Cheah, of Barry Plant Docklands

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 2 bedroom apartments in Melbourne

In the last 12 months, 816 two-bedroom apartments similar to 805/60 Market Street, have been sold.

This represents a 10% increase in two-bedroom apartments sales when compared to the previous 12 months.

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