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1208/301 King Street, Melbourne$445,000
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1208/301 King Street

Melbourne, VIC 3000, Australia
$425,000 – $465,000
1 bed 1 bath

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About this property

High-Yield CBD Investment 8%+ Rental Return in the Heart of Melbourne Positioned in one of the most convenient pockets of the CBD, 1208/301 King Street, Melbourne presents an exceptional opportunity for savvy investors seeking strong returns and long-term growth. This well-appointed 1 bedroom, 1 bathroom apartment offers low-maintenance living combined with an impressive rental yield of 8%+, making it a standout performer in today's market. Situated within the sought-after Melbourne CBD, the property enjoys immediate access to everything the city has to offer. From world-class dining and shopping to seamless public transport options including Melbourne tram network and Southern Cross Station, convenience is second to none. The apartment features: -Spacious bedroom with built-in robes -Light-filled open-plan living and dining area -Functional kitchen with quality appliances -Modern bathroom -Secure building with lift access Perfectly suited for investors, this property offers: -Strong rental demand in a prime CBD location -High rental yield exceeding 8% -Low-maintenance asset with consistent income potential Beyond the apartment, residents enjoy a sculptural indoor pool, sauna, fully equipped gymnasium, private dining rooms, co-working spaces and a ballroom. The King Street location places Flagstaff Gardens, Queen Victoria Market, Bourke Street Mall and Southern Cross Station all within walking distance, alongside the laneways, cafes and restaurants that define Melbourne's celebrated food and culture scene. Disclaimer: We have in preparing the content used our best endeavours to ensure that the information contained is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Prospective purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs Victoria. Click on the link for a copy of the due diligence check-list from Consumer Affairs Victoria. http://www.consumer.vic.gov.au/duediligencechecklist

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Listed
3 months ago

Repayment calculator

$2,157/month
$1,079 /fortnight
Loan $356,000 at 6.10% over 30 years

Upfront costs

Deposit$89,000
Stamp duty$21,770
Conveyancing (est.)$2,000
Total upfront$112,770
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Melbourne

This 1-bedroom apartment in Melbourne, VIC 3000 sits within reach of public transport, local shops and nearby schools. It is listed 21% below the $565,000 median of 75 comparable apartmentswithin 5 km.

Schools near Melbourne

  • Eltham College - Lonsdale Street Campuscombined
  • Melbourne Grammar Schoolcombined · Prep-12 · CoEd
  • Melbourne Grammar School - Wadhurst Campuscombined
  • Victorian College For The Deafcombined · U · CoEd
  • Wesley Collegecombined · Prep-12 · CoEd
  • Holmes Grammar Schoolsecondary · 11-12

What's nearby

  • Stop 3: Flagstaff Station (tram)295 m away
  • EzyMart497 m away
  • Angliss Rain Garden130 m away
  • Unnamed146 m away
  • Unnamed213 m away

Melbourne at a glance

Full suburb profile
Population
54,941
Median age
29
Household income
$1,448/wk
Median rent
$381/wk
Median mortgage
$1,800/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Melbourne price trend

Median sold · Unit 1 bed

Compound growth -0.8% / yr over 4 yrs

$345kcurrent median

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Price history

Price history

Listing price changes

1 price change recorded for this property

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