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Back 815/238 Flinders Street
Off Market

815/238 Flinders Street

Melbourne VIC 3000

1
1
Apartment
Last sold for $210,000
Max HuiMax Hui, last sold this property on 09 May 2024 after 27 days on market.

Overview

Make the most of 10% (approx.) rental return with this city star!

-In the 'Student Living on Flinders' complex on Flinders Street! -This studio apartment is ideal for first time or seasoned investors. -Enjoy $400 per week rental return with a healthy yield of 10% (approx.) -Love the light-filled interiors and very functional design. -Building has a cinema room, bike storage, and reception area. -Love being so close to the best city restaurants, cafes, and bars! -Steps to the iconic Federation Square and Flinders Street Station. -Also near arts attractions, Royal Botanic Gardens, and free trams. best of the city literally metres from your door, and offering first time or seasoned investors the opportunity to grab a piece of Melbourne's CBD, this modern studio apartment sets the bar high. This really is the perfect investment, with the property offering appealing rental yields where you can pocket $400 rental return per week with a healthy yield of 10% (approx.). Living features of this charming and bright apartment include an expansive living and sleeping quarters with excellent natural light plus study desk and built-in storage options, easy and functional kitchen, quality bathroom, and access to communal laundry facilities, cinema room, bike storage, front security and reception area, and more! Step out the door and experience the best of the city, from restaurants, cafes, and bars, to theatre and entertainment. You're also very close to Federation Square with eateries and events, the iconic Flinders Street Station taking you across Melbourne, St. Paul's Cathedral, Birrarung Marr, Alexandra Gardens, Royal Botanic Gardens, Flinders Lane restaurants, Southbank Promenade, Arts Centre and Hamer Hall, and free trams. *Every precaution has been taken to verify the accuracy of the above details. However, prospective purchasers are advised to make their own enquiries.

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 815/238 Flinders Street is $350k.

Median value
$350k
Estimated value range
$39k - $935k
Median days on market
35
Estimated value trend
2%
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 815/238 Flinders Street

2024
Rented
Undisclosed
Leased on 22 Aug 2024 by Ray White Southbank | Melbourne City
2024
Sold
$210,000
09 May 2024 by Max Hui, of Ray White Southbank | Melbourne City
2023
Rented
Undisclosed
Leased on 02 Jul 2023 by Professionals First & Co.

Happy sellers in Melbourne

86%
86% 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 125 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 589 one-bedroom apartments similar to 815/238 Flinders Street, have been sold.

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

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Catherine Sheo

Catherine Sheo is a recommended agent for Melbourne.  They have 12 local sales and collected 9 local reviews across the last 12 months.

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