$330,000 sale secures Melbourne's cheapest weekend auction deal
The one bedroom 306/270 King St, Melbourne was snapped up pre-auction for $330,000
Jonathan ChancellorApril 25, 2021
The one bedroom apartment at 306/270 King St, Melbourne was the cheapest auction deal.
The apartment was secured for $330,000.
The price guide from the Brady Residential selling agents was $320,000 to $350,000.
It last sold at $317,500 in 2010.
There have been two other one bedroom sales this year at $300,000 and $328,500.
The 61 sqm space was last available for rent in March at a $280 a week asking rental through Micm Real Estate.
It was available last November at $350 a week.
Its peak asking rental was $450 a week in early 2019.
The current rental has slipped back to close to its 2006 asking rent of $275.
The block has 175 apartments.
This year has seen five one bedroom apartments that sought rentals at between $280 and $300 a week.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.