End of Financial Year Report: 238 Flinders Street, Melbourne Report for 2013 – 2014 , Prepared by Bob Budd & Esmé Gordon
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| INTRODUCTION | ||||||||||||||||
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[youtube=https://www.youtube.com/watch?v=sQR1euLtIc0&w=560&h=315&rel=0] Agent comment: “Over the last 6 months we have seen a big return to the market for investors looking to buy student and serviced accommodation. The majority of these investors are looking to achieve 6.8% – 7.2% nett return. The major hurdles when selling this type of property is the banks unwillingness to lend, especially if the property is under 40m2 and/or exclusive to students only. This does not deter serious investors as long as you have a knowledgeable agents who is experienced in this type of sale and is able to demonstrate all of the positives that this type of investment can bring” If you are considering selling your property please see the link below for some helpful information regarding the sale of student/serviced accommodation. |
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Sales Statistics |
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| BUILDING DETAILS & PARTICULARS | ||||||||||||||||
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| REPORTED SALES – Financial Year 2013-2014 |  |
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Price | Date |
| 906/238 Flinders Street | 1 | 1 | 0 | 180,000 | 01/05/2014 |
| 712/238 Flinders Street | 1 | 1 | 0 | 171,500 | 30/04/2014 |
| 2/238 Flinders Street | 1 | 1 | 0 | 150,000 | 25/04/2014 |
| 801/238 Flinders Street | 2 | 1 | 1 | 342,500 | 24/02/2014 |
| 807/238 Flinders Street | 1 | 1 | 0 | 179,000 | 23/04/2014 |
| 712//238 Flinders Street | 1 | 1 | 0 | 171,500 | 16/04/2014 |
| 219/238 Flinders Street | 1 | 1 | 0 | 150,000 | 10/04/2014 |
| 911/238 Flinders Street | 1 | 1 | 0 | 195,000 | 02/04/2014 |
| 1311/238 Flinders Street | 1 | 1 | 0 | 170,000 | 17/03/2014 |
| 307/238 Flinders Street | 1 | 1 | 0 | 175,000 | 13/02/2014 |
| 1009/238 Flinders Street | 1 | 1 | 0 | 238,000 | 04/01/2014 |
| 110/238 Flinders Street | 1 | 1 | 1 | 225,000 | 11/11/2013 |
| 209/238 Flinders Street | 1 | 1 | 1 | 220,000 | 09/11/2013 |
| 518/238 Flinders Street | 1 | 1 | 0 | 168,000 | 06/11/2013 |
| 706/238 Flinders Street | 1 | 1 | 0 | 189,000 | 10/10/2013 |
| 1205/238 Flinders Street | 2 | 1 | 0 | 327,500 | 24/09/2013 |
| 201/238 Flinders Street | 1 | 1 | 1 | 325,000 | 20/09/2013 |
| 218/238 Flinders Street | 1 | 1 | 0 | 156,000 | 19/09/2013 |
| 1007/238 Flinders Street | 1 | 1 | 0 | 155,000 | 18/09/2013 |
| 516/238 Flinders Street | 1 | 1 | 0 | 185,000 | 07/09/2013 |
| 1107/238 Flinders Street | 1 | 1 | 0 | 225,000 | 21/08/2013 |
| 1214/238 Flinders Street | 1 | 1 | 0 | 170,000 | 30/07/2013 |
| REPORTED RENTALS – Financial Year 2013-2014 | |
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Rent (pw) | Date |
| 1311/238 Flinders Street | 1 | 1 | 0 | 800 | 14/05/2014 |
| 818/238 Flinders Street | 1 | 1 | 0 | 280 | 17/04/2014 |
| 1107/238 Flinders Street | 1 | 1 | 0 | 330 | 11/03/2014 |
| 518/238 Flinders Street | 1 | 1 | 0 | 330 | 13/02/2014 |
| 1107/238 Flinders Street | 1 | 1 | 0 | 330 | 01/11/2013 |
| 208/238 Flinders Street | 1 | 1 | 0 | 270 | 15/10/2013 |
| 804/238 Flinders Street | 1 | 1 | 0 | ??? | 21/09/2013 |
| 208/238 Flinders Street | 1 | 1 | 0 | 280 | 10/07/2013 |
| Contact |
| Bob Budd – Harcourts City ResidentialPh: 03 9664 8100
Mob: 03 9664 8116 |
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**Harcourts City Residential has gathered this information to provide an interesting read for apartment owners and prospective purchasers. Harcourts City Residential may not have concluded any or all of the transactions noted; rather we’ve gathered as much market information as possible on ALL transactions to be as conclusive as possible. Information contained herein is gathered from a range of sources including but not limited to; The Age Property Results, The Herald Sun Property Results, Valuer General Information & Agents own investigations. All efforts are made to verify the accuracy of the information provided. The information is not to be relied upon or used in dealings with third parties and people should make their own investigations regarding their own property or personal circumstances. Opinions offered are just that, our opinions & observations and should not be treated as advice or fact. If your property is exclusively listed with another agent please disregard this communication. |