305/225 Elizabeth StreetMelbourne VIC 3000
Property Details for 305/225 Elizabeth St, Melbourne
305/225 Elizabeth St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2001. The property has a floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Last Listing description (August 2023)
Step out and fully appreciate all the advantageous that an inner city lifestyle has to offer with passing trams, cafes, great shopping, the GPO, Bourke Street Mall, restaurants and the Emporium virtually right out front. Ideal for the owner occupier and ready to move in or the investor seeking a property in this high demand locale. With iconic laneway and GPO clocktower aspects, the apartment is comfortable as is or has the opportunity to update to your own requirements.
The accommodation includes high ceilings, open plan living - meals and a dedicated kitchen area with marble bench tops, gas cooking, and plenty of cupboard space. The main bedroom has built in robes and there is a single size second bedroom that also has built in robes. The central bathroom has marble finishes, and includes the laundry facilities.
Additional features include secure intercom entry, building manager and resident gym.
Property History for 305/225 Elizabeth St, Melbourne, VIC 3000
- 28 Jun 2023Sold for $420,000
- 17 May 2023Listed for Sale $420,000
- 16 Aug 2003Sold for $1,405,000
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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 61,329 properties. Over the last 5 years, Houses in Melbourne have seen a 33.57% increase in median value, while Units have seen a 2.46% increase. As at 31 August 2024:
- The median value for Houses in Melbourne is $1,218,497 while the median value for Units is $465,019.
- Houses have a median rent of $600 while Units have a median rent of $645.
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