Property Auction Result

589 King St, West Melbourne VIC 3003

House - Terrace 7 2 1

589 King St, West Melbourne VIC 3003

Sold `$2,000,000` on 8 Sep 2017

Distance To CBD: 1.47 km
Land Size: 242 m2
Measure Land Size
Agency: CBRE - Melbourne
Nearby Sold Price

Sold

Stamp Duty
Loan Repayment

Stamp Duty

^$111,470

*based on property value $2,000,000 for investment

Mortgage registration fee ^$108

Transfer fee ^$1,362

Stamp duty on property ^$110,000

Monthly Repayment

^$ 8,589

*based on loan amount $1,600,000 for principal and interest

Total interest payable ^$1,492,093

Loan Term 30 years

Annual Interest Rate 5.00%

Similar Sold Properties

Address	Type					Sold Price
589 King Street West Melbourne 3003	terrace	7	2	1	Sep 2017	`$2,000,000`
474-476 William Street West Melbourne 3003	house	7	3	4	Dec 2012	`$2,210,000`

Similar Rent Properties

Address	Type					Rent Price
32-34 Capel Street West Melbourne 3003	house	7	3	0	Jun 2023	`$1,575` p/w
32-34 Capel Street West Melbourne 3003	house	7	3	0	Feb 2021	`$1,350` p/w

Auction History - West Melbourne, VIC 3003

Address	Price	Result*	Type		Agent
92 Ireland St	`$1,231,000`	S	House	3	Jellis Cra

Address	Price	Result*	Type		Agent
502/112 Adderley St	`N/A`	W	Unit	3	Ray White
39 Hawke St	`N/A`	SP	House	4	Woodards E

Address	Price	Result*	Type		Agent
3/499 Spencer St	`N/A`	W	Townhouse	2	Nelson Ale
22 Abbotsford St	`$1,700,000`	SP	House	4	Nelson Ale

West Melbourne, VIC 3003 (`1.21 km` to CBD)

Median House Price

$1,280,000

Median Unit Price

$552,250

Surrounding Suburbs

Nearby Train Stations

0.65 km North Melbourne Station
0.87 km Flagstaff Station
1.38 km Southern Cross Station

Nearby Schools

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