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414/238 Flinders Street, Melbourne$250,000
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For Saleapartment

414/238 Flinders Street

Melbourne, VIC 3000, Australia
$245,000 – $255,000
2 bed 1 bath

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About this property

The tenant is sub-lease agent, they pay $380/week to landlord(they pay quite low to landlord now), but they leased out to 3 students separately at $720/week now, the lease until next 1st March 2025, so in the future you can lease out by yourself or another agent to get massive 15.3% rental return. Located opposite Flinders Train Station and only minutes from all shops, cafes and restaurants. Within walking distance to the RMIT and Victoria Uni. Not mention having the tram right on your doorstep!! This fantastic fully furnished apartment situated on the 4th floor, north facing, sunlight-filled approx 39 sqm. Comprised of 2 bedroom, the master with BIR and windows, open plan kitchen with gas cooking, fully furnished with bed, dining table, chairs, Fridge and microwave. Downstairs, the airconditioned games rooms featuring BIG TV, pool and table tennis tables and reading lounges are all available for your use at anytime. Body corporate: $3,046/year Council rate: $634/year Water rate: $594/year Hurry up! This property wouldn't be stay here for long. Call Stephen Shen on 0468 955 586

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Listed
3 months ago

Repayment calculator

$1,212/month
$606 /fortnight
Loan $200,000 at 6.10% over 30 years

Upfront costs

Deposit$50,000
Stamp duty$10,070
Conveyancing (est.)$2,000
Total upfront$62,070
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 2-bedroom apartment in Melbourne, VIC 3000 sits within reach of public transport, local shops and nearby schools. It is listed 51% below the $510,000 median of 64 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

  • Southgate Landing - Berth 1 (ferry)285 m away
  • 7-Eleven892 m away
  • Unnamed459 m away
  • Market Street Park552 m away
  • Unnamed822 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 2 bed

Compound growth -2.4% / yr over 4 yrs

$633kcurrent median

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Price history

Listing price changes

1 price change recorded for this property

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