Preston apartment Melbourne's most affordable weekend sale

Preston apartment Melbourne's most affordable weekend sale
Preston apartment Melbourne's most affordable weekend sale

A one bedroom, one bathroom unit in Preston was Melbourne's most affordable property after its $275,000 weekend sale.

The refurbished property at 13/259 Gower Street is a short walk to Preston market, surrounding shops and restaurants and public transport.

The apartment last traded for $195,000 in 2008, showing an annual appreciation of 4.55 per cent.

The property is currently on the market to rent at $260 per week will bring a gross rental yield of 4.62 per cent.

Preston is located nine kilometres north of Melbourne's CBD.

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Tags: 
apartment Residential Sale

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