SOLD
Sold on 01 Mar 2024 for $400,000

1315/250 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 64m2
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Property Details for 1315/250 Elizabeth St, Melbourne

1315/250 Elizabeth St, Melbourne is a 3 bedroom, 1 bathroom Unit and was built in 1976. The property has a floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
1976
Floor Size
64m2
Local Government
Melbourne
Lot/Plan
1315/PS431573

Last Listing description (June 2024)

*FURNISHED

Situated literally in the heart of Melbourne CBD, this bright and generous three bedroom apartment on the 13th floor of the famous Somerset Tower is now available as a great opportunity for someone to fully enjoy a convenient city lifestyle.

Apartment 1315 is furnished and comprises open plan living, well-appointed kitchen with stainless steel appliances and gas top, three bedrooms serviced by a good-sized bathroom and separate cupboard laundry where a washer and dryer combo is included.

Also features central air-conditioning, intercom system with security access, lap pool, spa, gym and BBQ facilities.

Right at the corner of Elizabeth St and Lonsdale St, Somerset Tower is located in an envious central position of Melbourne CBD, with Emporium, Myer, GPO Shopping Centres, China Town and countless cafes, restaurants and shops simply downstairs. Added with the multiple public transports, it is also within easy reach to Melbourne University, RMIT and many Melbourne's best amenities.

**Photos are for advertising purposes only

Property History for 1315/250 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$400,000
01 Mar 2024
Listed for Rent
$890/w
29 Apr 2024
  • 26 Apr 2024
    Listed for Rent $890 / week
  • 01 Mar 2024
    Sold for $400,000
  • 01 Oct 2009
    Listed for Sale Not Disclosed
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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 287 properties listed for sale, and 270 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2031 properties were sold in the past 12 months in Melbourne.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.