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507/6-8 High St, North Melbourne$160,000

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For Saleapartment

507/6-8 High St

North Melbourne, VIC 3051, Australia

$160,000

1 bed 1 bath

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About this property

If studying and wanting quiet, light-filled accommodation close to Melbourne Uni and the CBD, this is it. The apartment is restricted to STUDENT ONLY occupation Available FULLY FURNISHED, this 1 Bedroom STUDIO style apartment includes kitchen and separate bathroom. The building has a communal laundry and a large common room opening to a central courtyard. This apartment has views onto that courtyard from above. Great for investors or owner occupiers if you are studying Secure lease until 10 Feb 2027 at $360 per week A solid investment showing an 8.6% NET return (approx) Looking for safe accommodation whilst studying? After a secure investment for your SMSF? then this could be what you've been looking for! Inspections by appointment only.

Property Details

Property Type: apartment
Listing Type: For Sale
Bedrooms: 1
Bathrooms: 1
Listed: 1 month ago

Repayment calculator

$776/month

$388 /fortnight

Loan $128,000 at 6.10% over 30 years

Upfront costs

Deposit$32,000

Stamp duty$4,670

Conveyancing (est.)$2,000

Total upfront$38,670

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Neighbourhood

Living in North Melbourne

This 1-bedroom apartment in North Melbourne, VIC 3051 sits within reach of public transport, local shops and nearby schools. It is listed 70% below the $540,000 median of 65 comparable apartmentswithin 5 km.

Schools near North Melbourne

North Melbourne Primary Schoolprimary · Prep-6 · CoEd
St Michael's Primary Schoolprimary · Prep-6 · CoEd
Mount Alexander 7-12 College-River Nile Campussecondary
River Nile Schoolsecondary · 11-12 · Girls
SEDA College (Victoria) - The Huddle, North Melbourne Football Clubsecondary
St Aloysius Collegesecondary · 7-12 · CoEd

What's nearby

Abbotsford Street/Haines Street (bus) — 638 m away
Zanes Hair — 651 m away
Leveson Street Park — 209 m away
Errol Street Park — 300 m away
Chapman Street Reserve — 336 m away

North Melbourne at a glance

Full suburb profile

Population: 14,953
Median age: 31
Household income: $1,717/wk
Median rent: $381/wk
Median mortgage: $2,035/mo

Source: ABS Census.

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