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VIC › Melbourne › Abeckett St

U2307, 157 Abeckett St, Melbourne VIC 3000

For saleApartment

$420,000–$450,000

For sale

Asking range

1

Bedrooms

1

Bathrooms

0

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $420,000–$450,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $420,000–$450,000(Listing record · 25 Aug 2026)
  • CalculationIf it leased at Melbourne's advertised median rent ($639/wk), implied gross yield would be 7.91% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$420,000–$450,000

Asking range

No recorded sale for this property.

Melbourne at a glance

74,776

People

No data

Median sale

$639/wk

Median rent

No data

Suburb gross yield

See the full Melbourne report →

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$420,000
Stamp Duty (Victoria)
$20,270
Transfer/Registration Fee
$1,087
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$445,057

$25,057 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Melbourne's advertised median rent — not a rent for this listing.

Net yield
6.41%
Annual cashflow (pre-tax)
$5,088
Interest cover (DSCR)
1.23
Annual rent
$33,228
Operating expenses
$6,300
Loan amount
$336,000
Annual interest
$21,840
Gross yield
7.91%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$420,000–$450,000available25 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $639/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 7.9%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Melbourne in one glance

Melbourne at a glance

74,776

People

No data

Median sale

$639/wk

Median rent

No data

Suburb gross yield

See the full Melbourne report →

Keep researching

  • Why Melbourne? Read the area thesis →
  • What else is on the market in Melbourne →
  • Other records on Abeckett St →

Listing material

Listed by Vicprop Melbourne CBD

Queens Place Luxury with Exclusive Resort-Style Indulgence

An exclusive expression of designer quality, a full-sized study, and unrivalled CBD convenience, this immaculate 1-bedroom apartment unfolds in style with the best of Melbourne on your doorstep. Take an easy walk to Flagstaff Gardens, Queen Victoria Market, Melbourne Central attractions, world-class universities, and a crowd-pleasing collection of cafes, bars and restaurants.

Spacious open-plan living and dining pivots a streamlined kitchen showcasing sleek stone surfaces and high-performing Miele appliances including an integrated dishwasher and 4-burner gas cooktop. Placed to perfection on the 23rd floor of the resort-calibre Queens Place complex, gently curved floor-to-ceiling glass highlights sweeping skyline views across the city. A nearby study is a welcome and professional inclusion, ideal for students or working from home in luxury. Naturally lit and substantial in size, the robed bedroom is serviced by a fully tiled bathroom with a rainfall shower.

Additional features include a European laundry, ducted heating and cooling, double glazing, roller blinds, lightly toned timber flooring, and recessed down-lighting. Architect-designed by the renowned Fender Katsalidis (Eureka Tower), Queens Place comes with intercom security, high-speed lifts, and the exclusive use of an inviting pool, spa, well-equipped gym, dining rooms with kitchen, games room, private cinema, and so much more. Come home to luxury every day!

Read the full description

An exclusive expression of designer quality, a full-sized study, and unrivalled CBD convenience, this immaculate 1-bedroom apartment unfolds in style with the best of Melbourne on your doorstep. Come home to luxury every day!

* 1 spacious and sunlit bedroom with built-in robes

* Roomy open-plan living and dining

* Stone-topped Miele kitchen

* Full-sized study or additional living space

* Luxe bathroom with floor-to-ceiling tiles, a rainfall shower, and mirrored cabinetry

* European laundry

* Ducted heating and cooling

* Double glazing

* Roller blinds

* Lightly toned timber flooring

* Recessed down-lighting

* Secure intercom entry

* Concierge and resort-calibre amenities

Nearby

* Queen Victoria Market

* Melbourne Central rail, retail and restaurants

* State Library and Flagstaff Railway Stations

* Free city trams and multiple bus routes

* Flagstaff Gardens

* Hardware Lane alfresco eateries

* Guildford Lane cafes

* State Library of Victoria

* Top-ranking universities

* Zoned to University High School

Listing description written by Jamie Fan, Vicprop Melbourne CBD — reproduced as published, not verified by Districts.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.