$525,000-$575,000
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1203/55 Queens Road, Melbourne VIC 3000

Apartment
211
Block size: 4658 m² approx.

Investment Opportunity in Prime Melbourne Location!

Looking for the perfect addition to your investment portfolio? Look no further! Introducing a fantastic 2-bedroom, 1-bathroom property nestled in the vibrant heart of Melbourne's Queens Road precinct.

Location, Location, Location: Situated on Queens Road, this property offers unparalleled convenience and accessibility. With easy access to public transportation, renowned dining options, and a plethora of entertainment venues, it's an investor's dream come true.
Modern Comfort: This contemporary residence boasts two spacious bedrooms, ideal for tenants seeking comfort and functionality. The sleek, well-appointed bathroom ensures convenience for occupants.
Secure Parking: With a dedicated parking space, your tenants will enjoy the added convenience and peace of mind, making this property even more appealing.
Impressive Returns: Generating a solid rental income of $650 per week, this property promises lucrative returns on your investment, offering both stability and growth potential in Melbourne's competitive rental market.
Flexible Investment Range: Priced competitively between $525,000 - $575,000, this property presents an attractive investment opportunity suitable for both seasoned investors and those looking to enter the market.

Why Invest:
High Demand: Properties in this sought-after location are in high demand among renters, ensuring a consistent stream of income for investors.
Low Vacancy Rates: Benefit from low vacancy rates in this thriving rental market, maximizing your rental income and minimizing potential downtime.

Don't miss out on this exceptional investment opportunity! Contact us today to schedule a viewing and secure your piece of Melbourne's real estate market.

Call Maxine Thomson on 0422 036 333.

Disclaimer: All information provided is deemed reliable but not guaranteed. Buyers are advised to conduct their own due diligence.

Inspections

Saturday, 27 Apr11:30am - 12:00pm
Can't inspect in person?

Contact Maxine Thomson to enquire about this property including alternatives to in-person inspections.

Key details

Bedrooms:
2
Bathrooms:
1
Garage Spaces:
1
Property type:
Apartment
Block Size:
4658 *

Other Details

Lot:
1203
Plan:
PS542638
Legal description:
1203\PS542638
Dingle Partners
Next Inspection:

Maps and area information

Block information
Block size: 4658 (approx)
Legal description: 1203\PS542638
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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Nearby sales

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We found 50 apartments with 2 bedrooms that just sold near 1203/55 Queens Road Melbourne

Property history

We couldn't find any history for this property.
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Statement of information

Section 47AF of the Estate Agents Act 1980
Download Statement of Information
Indicative selling price, median house price for the suburb and comparable sales information has been provided by the agent in compliance with Estate Agents Act 1980.

Melbourne suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
29 years
Population
54,941
Listing ID: 182391622. This listing has been viewed 32 times. It was first displayed on 21/03/2024 and last updated on 26/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.