Listed on realestate & domain until sold
10 Photos
New
10 Photos
+6
For Sale
$396,000
2
1
–
56m2
apartment
Contact
buymyplace on +61 488 842 044
* Make an offer only available on sales listings
For Sale
$396,000
2
1
–
56m2
apartment
Contact
buymyplace on +61 488 842 044
* Make an offer only available on sales listings
506/547-551 Flinders lane, Melbourne, VIC 3000
Property ID: 232211
Stylish Two Bedroom City Apartment with High Rental Yield
This modern two-bedroom apartment is perfectly located in a vibrant pocket of Melbourne, just a short walk to Woolworths, Coles, Southern Cross Station, and the Yarra River. Enjoy all the energy of city living while nestled in a rare, peaceful spot close to cafes, restaurants, and major public transport.
Features:
Newly renovated: Brand new flooring and countertops throughout
Flexible bedrooms: Both with built-in closets and desks; one features a unique loft bed for extra storage and workspace
Spacious balcony: Ideal for outdoor relaxation or laundry
Open-plan living: Contemporary interiors, high-quality finishes, and modern kitchen with ample storage
Comfortable bathroom: Well-appointed with sleek fixtures
Lifestyle amenities: Secure building with swimming pool, gym, and welcoming communal spaces
Investment Highlights:
Currently rented at $32,589.29/year (~8.2% gross yield, 6.4% net yield), well above fixed deposit returns
Body Corp $1410 per quarter
Council Rates $212 per quarter
Water Rates $187 per quarter
There are no known special levy and no cladding issue currently.
Lease ends January; two student tenants keen to renew
Consistently strong rental demand in this central location
The Location:
Quiet yet ultra-convenient: just minutes to major supermarkets, transport, and the Yarra’s scenic walking trails
Contact:
Call to book your inspection (unit is tenanted, private viewings only).
This modern two-bedroom apartment is perfectly located in a vibrant pocket of Melbourne, just a short walk to Woolworths, Coles, Southern Cross Station, and the Yarra River. Enjoy all the energy of city living while nestled in a rare, peaceful spot close to cafes, restaurants, and major public transport.
Features:
Newly renovated: Brand new flooring and countertops throughout
Flexible bedrooms: Both with built-in closets and desks; one features a unique loft bed for extra storage and workspace
Spacious balcony: Ideal for outdoor relaxation or laundry
Open-plan living: Contemporary interiors, high-quality finishes, and modern kitchen with ample storage
Comfortable bathroom: Well-appointed with sleek fixtures
Lifestyle amenities: Secure building with swimming pool, gym, and welcoming communal spaces
Investment Highlights:
Currently rented at $32,589.29/year (~8.2% gross yield, 6.4% net yield), well above fixed deposit returns
Body Corp $1410 per quarter
Council Rates $212 per quarter
Water Rates $187 per quarter
There are no known special levy and no cladding issue currently.
Lease ends January; two student tenants keen to renew
Consistently strong rental demand in this central location
The Location:
Quiet yet ultra-convenient: just minutes to major supermarkets, transport, and the Yarra’s scenic walking trails
Contact:
Call to book your inspection (unit is tenanted, private viewings only).
Features
Outdoor features
Swimming pool
Balcony
Indoor features
Balcony
Ensuite
Dishwasher
Study
Built-in robes
Living area
Gym
Intercom
Air conditioning
Hot water service
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