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Back Level 2, 214/48 Wellington Parade
Off Market

Level 2, 214/48 Wellington Parade

East Melbourne VIC 3002

1
1
Apartment
Cameron TunbridgeCameron Tunbridge, last sold this property on 11 December 2024 after 85 days on market.

Overview

Modern Studio Apartment in Prime Location. Investment Opportunity.

Surrounded by some of Melbourne’s most iconic attractions, Apartment 214 is a stylish studio apartment filled with a plethora of natural light. Priced to sell quickly, this attractive apartment is ideal for the smart investor looking to expand their investment portfolio. Apartment 214 features: - Investment opportunity - Existing 5-year lease returning $16,120 per annum - Annual 4% increase every 12 months - 4 x 5-year options - Kitchen with full amenity - Generously sized bathroom and shower - Private balcony overlooking the street treeline Situated in the heart of the highly sought after suburb of East Melbourne, 48 Wellington Parade is just a short walk to Melbourne’s most prestigious highlights including the MCG, AAMII Park, Rod Laver Area and the city’s renowned shopping and entertainment hubs. With Jolimont Station and multiple tram and bus lines right at your doorstep, this highlighted location is accessible from all parts of the city. *Please Note* Buxton Real Estate may refuse to provide further information about the property should you prefer not to disclose your Full Contact Details including Phone Number. Photo id required upon entering the property.

Features

1 bedroom
1 bathroom
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in East Melbourne over the last 12 months, the estimated median property value of Level 2, 214/48 Wellington Parade is $525k.

Median value
$525k
Estimated value range
$148.8k - $900k
Median days on market
35
Estimated value trend
4%
increase over the last 12 months
Average days on market is based on recent, comparable sales in East 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 Level 2, 214/48 Wellington Parade

2024
Sold
Undisclosed
11 Dec 2024 by Cameron Tunbridge, of Buxton Mount Waverley

Happy sellers in East Melbourne

85%
85% of sellers in East Melbourne reported that their sale price either exceeded or met their price expectations.

East Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in East Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in East Melbourne

In the last 12 months, 49 one-bedroom apartments similar to Level 2, 214/48 Wellington Parade, have been sold.

This represents a 20% increase in one-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in East Melbourne

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Elli Blanco

Elli Blanco is a recommended agent for East Melbourne.  They have 23 local sales and collected 1 local review across the last 12 months.

  •   5   (1 review)
  •  1 Review in East Melbourne
  •  23 Sales in East Melbourne
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Robert Eggers

Sellers who recommend Robert Eggers have praised them for being clear communication

  •   5   (17 reviews)
  •  1 Review in East Melbourne
  •  4 Sales in East Melbourne
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Sarah Case

Sarah Case is a recommended agent for East Melbourne.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   5   (46 reviews)
  •  1 Review in East Melbourne
  •  2 Sales in East Melbourne
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Scott McElroy

Scott McElroy is a recommended agent for East Melbourne.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (89 reviews)
  •  1 Review in East Melbourne
  •  1 Sale in East Melbourne
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