Positioned within the iconic Cambridge Court complex, this well-presented one-bedroom apartment offers an exceptional opportunity for investors seeking strong rental returns in one of Melbourne's most vibrant inner-city locations.
Currently leased at approximately $500 per week on a month-to-month basis with no fixed-term lease, this low-maintenance property provides immediate rental income and the potential for an attractive gross rental yield of over 7%, while still offering future flexibility. Ideally positioned near leading universities, major hospitals and the Melbourne CBD, the property is well placed to benefit from continued strong rental demand.
The thoughtfully designed floorplan features a generous bedroom, open-plan living and dining area filled with natural light, and a renovated central bathroom featuring a bathtub with shower above. A standout feature is the modern renovated kitchen, complete with a stylish island, marble benchtop, integrated fridge, dishwasher and electric oven. Floating shelves add a contemporary touch, while ample cupboard and storage space provides plenty of room for pots, pans, plates, glassware, cutlery and everyday kitchen essentials. The kitchen has been thoughtfully upgraded to maximise both functionality and contemporary appeal.
A dedicated laundry area with an installed washing machine is also included, while the living area features a wall-mounted entertainment unit with additional wall-mounted cabinetry, TV and built-in desk, creating a practical and efficient use of space. The apartment also includes an available bed frame and mattress, providing additional value and making the property an appealing, ready-made investment opportunity. A private designated car space within the secure parking area further enhances its appeal in this tightly held city-fringe location.
Comprising approximately 77 apartments, Cambridge Court continues to be a popular choice for students, professionals and investors looking for affordable city-fringe living with outstanding convenience.
Ideally located just moments from the renowned Smith Street shopping and dining precinct, vibrant Victoria Street restaurants, Fitzroy Gardens and public transport at your doorstep. North Richmond Station is within walking distance, while the CBD is only minutes away. The property also enjoys excellent access to Australian Catholic University, RMIT University, the University of Melbourne and several leading hospitals.
Property Features:
-Currently leased at approximately $500 per week
-One spacious bedroom
-Renovated bathroom with bathtub and shower above
-Open-plan living and dining area
-Modern renovated kitchen
-Kitchen island with marble benchtop
-Floating kitchen shelves
-Ample cupboard space for cookware, crockery, glassware and cutlery
-Integrated fridge included
-Dishwasher included
-Electric oven
-Dedicated laundry area with installed washing machine
-Communal laundry facilities for residents
-Wall-mounted entertainment unit and additional wall-mounted cabinetry
-TV included
-Built-in wall-mounted desk
-Bed frame and mattress included
-Private designated car space within secure parking area
-Approx. 50.8m² internal living
-Built circa 1990
-Secure complex of approximately 77 apartments
-Outstanding investment in a premium city-fringe location
Whether you're expanding your investment portfolio, securing an affordable inner-city asset with modern renovated inclusions and immediate rental income, or looking for a property ready to move into, this is an opportunity not to be missed! Contact Myles Johansson Sales Agent at Area Specialist for further information or to arrange an inspection.
Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
