FOR SALE
$270,000 - $290,000

Lt Lonsdale Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 41m2
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Best value in this BLOCK! Motivated Seller!

Now is the ideal time to invest in Melbourne CBD. This centrally located apartment offers an exceptional opportunity for both first-time buyers and savvy investors seeking a blend of affordability, practicality, and convenience.
Situated in the heart of Melbourne, this apartment boasts ample natural light streaming through floor-to-ceiling windows in a low-maintenance building.
Here's what awaits you:
Option 1: Personal Residence
Enjoy unparalleled convenience with universities, train stations, restaurants, cafes, shops, markets, parks, hospitals, stadiums, and theatres all within walking distance or a short tram ride away. Indulge in first-class dining and entertainment with Queen Victoria Market, Melbourne Central, Chinatown and Carlton Gardens just a stone's throw away.
Option 2: High-Yield Investment
Maximize your returns with rental potential:
1-bedroom units rent between $500-$550 per week
2-bedroom units rent between $600-$650 per week
Option 3: Holiday Home with Income
See MoreView Statement of Information

Property Details for 1601/557 Lt Lonsdale St, Melbourne

1601/557 Lt Lonsdale St, Melbourne is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 41m2. The place is currently for sale with Jalin Realty Australia Pty Ltd.

Building Type
Apartment
Floor Size
41m2

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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.

Melbourne has 61,317 properties. Over the last 5 years, Houses in Melbourne have seen a 39.04% increase in median value, while Units have seen a -0.03% decrease. As at 31 July 2024:

  • The median value for Houses in Melbourne is $1,620,620 while the median value for Units is $451,754.
  • Houses have a median rent of $600 while Units have a median rent of $640.
There are currently 288 properties listed for sale, and 269 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2038 properties were sold in the past 12 months in Melbourne.

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Adrian Chen
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Lucas Chen
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Jalin Realty Australia Pty Ltd
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