Kingsville Melbourne apartment the state's most affordable

Kingsville Melbourne apartment the state's most affordable
Joel RobinsonNovember 22, 2015

An apartment in Kingsville that sold for $228,000 was Melbourne's most affordable property sold at auction on the weekend.

The one bedroom, one bathroom modern apartment at 9/73 Kingsville Street features a renovated kitchen, a master bedroom with walk in wardrobes and a separate, updated bathroom.

The property also comes with a car space and is located close to cafe's and the natural Cruickshank Park.

Leigh Melbourne of Greg Hocking Elly Partners was the selling agent.

The property last traded for $165,000 in 2004 - up 2.77% annually over 11 years.

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.

Editor's Picks

Capri prepares to welcome residents to resort-style villa community on Isle of Capri
Buyers take advantage of WA stamp duty concessions as Incontro Subiaco apartments near 50% sold
Gold Coast buyers starting to think longer-term: Five minutes with SRQ Projects Director Nick Clydsdale
A "passion project" not to be repeated: Inside DJ Fisher's Pescado Palm Beach with Jayde Pezet
Why Danby Lane in Nundah is more than just a project for Gardner Vaughan Group: Five minutes with Sam Gardner