401/591-593 Elizabeth StreetMelbourne VIC 3000
Property Details for 401/591-593 Elizabeth St, Melbourne
401/591-593 Elizabeth St, Melbourne is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom Apartment sold in Melbourne in the last 12 months.
Last Listing description (August 2024)
Be quick to secure this amazing investment opportunity that takes the form of this ideal student-accommodation investment-only unit, situated within moments of public transport and some of Melbourne’s best universities.
Current rental -
$1477/calendar month = $340/week approx
Leased until 15/01/2025
It offers a vibrant, free-flowing floor plan with one bedroom, one bathroom, a cosy kitchen area with a built-in study, plus a balcony. All of this is situated in a lovely building with a character-filled exterior and great amenities for hanging out.
Living here means enjoying the incredible convenience that its central location offers with close proximity to cafes and all amenities one could ever need. An array of shops and parks are only a short stroll away.
Boasting character and desirable features combined with a central location, this won’t last long on the market. Don’t miss this terrific opportunity in Student-only Accommodation!
Property History for 401/591-593 Elizabeth St, Melbourne, VIC 3000
- 07 Aug 2024Sold for $152,250
- 26 Jul 2024Listed for Sale UNDER OFFER
- 11 Dec 2020Listed for Rent $195 / week
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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.
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