Sold

401/K13 Raleigh Street,
Windsor 3181, Victoria

1 bedroom
1 bathroom
Studio

$119,000


Property details

Low Cost Investment with 10.1% Net Return

INVESTORS ONLY

Designed and zoned for Student Accommodation, this high yield investment opportunity is located in a perfectly between Punt Road and St Kilda Road. Boasting excellent connectivity with an abundance of public transport options leading to various Colleges, Universities, the CBD, and its amenities, this locale stands out as one of Melbourne's most sought-after areas for students.

Currently under lease at $321 per week, the property generates an annual gross income of $16,692. It's remarkably low-cost outgoings contribute to an impressive return of over 10% that seasoned investors recognise.

UniLodge on Raleigh offers additional perks to its residents, including bicycle storage, a communal lounge room, shared laundry facilities and secure intercom entry. This fully furnished property comes with the added advantage of onsite building managers, ensuring seamless maintenance and upkeep of your investment.

Outgoings:
Body Corporate fees: $2439 per annum
Council Rates: $515 per annum
Water: $1,087 per annum

Net Income: $12,651 per annum

For all inquiry please reach out to Taylor Sims on 0403 485 210.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.


Explore the area


School catchments

  • Wesley College - St Kilda Road Junior Campus Combined Independent 0.23km
  • Wesley College Combined Prep-12 Independent 0.33km
  • St Kilda Park Primary School Primary Prep-6 Government 0.83km
  • St Michael's Grammar School Combined Prep-12 Independent 1.2km
  • South Yarra Primary School Primary Prep-6 Government 1.2km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.


Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


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