2017 Property Investing Survey
Participate in Survey - 2017 Property Investing Survey - Over $15,000 in Prizes up for Grabs!

The Principal, Melbourne

Exceptional apartments in the academic heartland of Melbourne on Flemington Road.
Priced from just $505,000

1, 2 and 3 bedroom apartments - final 5 remaining

Great entry level property for investors or owner-occupiers.

Appraised rent approx. $400-$750 per week. 

Overlooks beautiful Royal Park and is located within the highly sought-after University High School zone. 

Expected completion May 2019.

Property Overview

The Principal is located in the academic heartland of Melbourne on Flemington Road, where one of the city's grandest boulevards makes its final approach to the CBD. The project is a walkers paradise attracting a walk score of 92/100.

The Principal's optimum location overlooks beautiful Royal Park and is located within the highly sought-after University High School zone. It is just 300m from the Royal Melbourne Hospital.

Exceptional design

The Principal’s bold geometric façade combines contemporary steel with traditional Melbourne bluestone. 

The Principal wears a rooftop crown of two separate, elegantly landscaped terrace spaces, equipped with barbecues, permanent tables and seating. 

Residents can enjoy the residents-only fully equipped gym.

Access to the terrace garden expands your choices superbly whether you are looking at this property as an owner occupier or investor.

Concierge service

Outsource daily chores with the discreet and personalised concierge service provided by your professional Lifestyle Manager at The Principal.

Delegate activities such as parcel and grocery deliveries, dry-cleaning, providing access to tradespeople and other service providers only a phone call or keystroke away.

Property fundamentals

  • High demand apartments already under construction
  • Enviable position on Flemington Road
  • Gym and terrace garden
  • One, two and three bedroom apartments expected to be completed by May 2019.
  • Developed by Oliver Hume Property Funds

Suburb Overview

North Melbourne is forecast to experience robust population growth, reflecting growing underlying demand for dwellings in the area.

The suburb's poulation is expected t increase from 16,000 in 2016 to over 28,000 in 2036.

Investment Fundamentals
Bedrooms 1, 2 and 3 bedroom apartments still available
Purchase Price $505,000 - $1,265,000
Price / sqm $8,919- $11,889
Internal Size 55.5 - 106.4 sqm
Expected Completion May 2019
Appraised Rent $400-$750 per week (approx.)


Limited stock available

Please complete the expression of interest form and we will respond to your inquiry and answer any questions you may have.

Yarrabilba Investment Brief


Complete Your Details to Register your Interest

This is not a contract for the sale and purchase of a property.

Completing this form does not commit you to purchase: this is an expression of interest form that allows the team at Real Estate Investar and Builder Builder to contact you about this investment opportunity, answer any questions you may have and if you wish help you to select the unit that best meets your investment preference.