Home/Properties/Melbourne/903/471 Little Bourke Street
903/471 Little Bourke Street, Melbourne$293,000
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For Saleapartment

903/471 Little Bourke Street

Melbourne, VIC 3000, Australia
$293,000
1 bed 1 bath

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About this property

Positioned for both comfort and performance, this spacious, modern apartment offers a rare opportunity to secure a high-yield, set-and-forget investment within a professionally managed hotel environment. Leased long-term to the Mantra Hotel group, the property delivers a reliable annual return of $23,631, representing an attractive 8% yield. With the hotel operator managing day-to-day operations, this is a truly hands-off investment ideal for those seeking consistent income without the usual landlord responsibilities. Inside, the apartment showcases a contemporary design with generous proportions and quality finishes throughout. The well-appointed layout includes a sleek, modern kitchen, a stylish bathroom, and a comfortable living space designed to appeal to both short- and long-term guests. Residents and guests benefit from access to excellent on-site amenities, enhancing both the lifestyle appeal and ongoing demand for the property. Key features: Secure long-term lease to established hotel operator Strong net return of $23,631 per annum (approx. 8% yield) Spacious layout with modern design and quality finishes Stylish bathroom and well-equipped kitchen Access to premium building amenities Fully managed, hassle-free investment This is an outstanding opportunity to secure a high-performing asset in a sought-after accommodation market-perfect for investors looking for stability, simplicity, and solid returns.

Property Details

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

Repayment calculator

$1,420/month
$710 /fortnight
Loan $234,400 at 6.10% over 30 years

Upfront costs

Deposit$58,600
Stamp duty$12,650
Conveyancing (est.)$2,000
Total upfront$73,250
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 38% below the $470,000 median of 67 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

  • Lonsdale Street/Queen Street (bus)213 m away
  • Rapha355 m away
  • Unnamed309 m away
  • Unnamed333 m away
  • Market Street Park391 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

Listing price changes

1 price change recorded for this property

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