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Modern CBD Apartment with City Skyline Views
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Renovation Potential

AI-estimated uplift

Estimates indicative only

For SaleFeatured
82/100

$875,000

Modern CBD Apartment with City Skyline Views

802 Collins Street, Melbourne, VIC, 3000

πŸš† Perfect for CommutersπŸ“ˆ Perfect for InvestorsπŸ§“ Perfect for Downsizers

Investment Profile

πŸ’°

Best for Investment

Est. gross yield ~4.8% p.a. (~$808/wk) in coastal location with strong rental demand and low vacancy rates.

Why you'll love this

AI-generated by Claude Β· Based on location and property features

2

Bedrooms

2

Bathrooms

1

Car spaces

98 mΒ²

Floor area

Property description

Positioned on level 8 of this architecturally acclaimed building on prestigious Collins Street, this sophisticated two-bedroom apartment offers spectacular city skyline views and an ideal inner-city lifestyle. The sleek, open-plan living and dining area is bathed in natural light and flows to a generous balcony with city views. The European-style kitchen features stone benchtops, quality appliances and ample storage. Both bedrooms have built-in wardrobes; the master has an ensuite with full-height tiling. Facilities include a residents' rooftop terrace, fully equipped gym and concierge. Walking distance to Flinders Lane restaurants, Federation Square, Southbank and Collins Street boutiques. Includes secure basement parking.

Property features

Air conditioning
Lock-up garage

Lifestyle Score

Personalise by your lifestyle priorities

82/100
82/100 Lifestyle score
Great

Outstanding location with excellent lifestyle access.

Personalise for your lifestyle

πŸ–οΈBeach
9 min drive
5–15 min
🚌Transport
< 1 min driveΒ· 1 min walk
< 5 min
πŸ›’Shops
< 1 min driveΒ· 2 min walk
< 5 min
🏫Schools
1 min driveΒ· 7 min walk
< 5 min
πŸ™οΈCBD
2 min driveΒ· 12 min walk
< 5 min
Proximity: < 5 min 5–15 min 15+ min

Market Insights for Melbourne

Price trends, median values and recent sales

AI Renovation Vision

World First

Discover what this property could be worth after targeted renovations

Airbnb Income Estimator

Near Beach Β· Airbnb Potential

48/100

Airbnb Score

Airbnb Potential

Moderate Demand

Estimated Nightly Rates

πŸ”₯ Peak Season

Dec–Jan, school hols

$180–$260

per night

⬆️ High Season

Easter, long weekends

$140–$200

per night

πŸ“… Standard

Regular nights

$100–$150

per night

πŸ“‰ Low Season

Off-peak weeks

$80–$120

per night

Annual Income Projections

Conservative

55% occ.

$18K/yr

201 nightsGross $30K
Airbnb fees-$4K
Cleaning-$6K

Moderate

70% occ.

$0/yr

255 nightsGross $38K
Airbnb fees-$6K
Cleaning-$8K

Strong

85% occ.

$28K/yr

310 nightsGross $46K
Airbnb fees-$7K
Cleaning-$10K

Mortgage vs Airbnb

Monthly mortgage (6.2%, 30yr)

$4K/mo

Monthly Airbnb income (moderate)

$2K/mo

Monthly gap-$2K/mo

Airbnb income covers a significant portion of the mortgage, with a $2K/mo gap at 70% occupancy.

Estimates based on suburb averages and property features. Actual income varies. Always conduct independent research before investing.

Strategy Comparison

Airbnb vs Long-Term Rent vs Owner-Occupy

Best: Long-Term Rent βœ…
🏠 AirbnbπŸ”‘ Long-Term RentRecommended🏑 Owner-Occupy
Monthly income+$2K+$3K$0
Monthly costs+$830+$820+$4K
Net monthly+$2K+$2K-$4K
Annual net+$23K+$30K-$53K
10yr wealth+$778K+$846K+$25K

10yr wealth includes estimated 5% p.a. capital growth + cumulative net cashflow. Airbnb at 70% occupancy. All figures are estimates only.

Generate My Airbnb Listing

AI-written title, description & pricing strategy

Location

Melbourne

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Melbourne VIC 3000 β€” exact address shown on inspection

$875,000

Apartment

Listed by

J

James Nguyen

LJ Hooker Melbourne

Lic. VIC-2024-042

0423 456 789 james.nguyen@lj-hooker.com.au

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Property summary

TypeApartment
ListingFor Sale
Floor98 mΒ²
SuburbMelbourne
Postcode3000
StateVIC
Views156 views

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