SOLD
Sold on 29 Mar 2024 for $268,000

505/250 Elizabeth Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 44m2
Land area: 3858m2
Sold By
Little Real Estate Victoria
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Property Details for 505/250 Elizabeth St, Melbourne

505/250 Elizabeth St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1976. The property has a land size of 3858m2 and floor size of 44m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
1976
Floor Size
44m2
Land Size
3858m2
Local Government
Melbourne
Lot/Plan
505/PS431573

Last Listing description (April 2024)

Standing out in prime position, this roomy 1 bedroom apartment sets an affordable standard for entry-level buyers and keen investors. Simply stroll to Emporium and Bourke Street Mall shopping, Hardware Lane eateries, universities, free city trams and Melbourne Central rail, retail and restaurants.

Privately placed on the 5th floor of the sought-after Somerset on Elizabeth complex, spacious open-plan living and dining pivots a sleek kitchen with smooth stone surfaces, a dishwasher and a Smeg gas cooktop.

Capturing the warmth of morning sun with ease, a row of picture windows attracts natural eastern light in the robed bedroom with an aspect towards the soaring Melbourne Central Shot Tower.

1 large and light-filled bedroom with built-in robes and a handy study nook
Pristine bathroom a walk-in shower and stone detailing
Laundry capability with a bench and storage
Inviting tiled entrance
Ducted heating and refrigerated cooling
Gas cooktop
Textured and sheer curtains
Intercom entry and lift access

The Somerset building is well equipped with intercom entry, lift access, an on-site building manager and exclusive rooftop access to a swimming pool, a gym, sauna, shared lounge and a BBQ terrace. Nest or invest, act quickly as this apartment will be popular.

For more information, please contact Anthony Inglese today.

3 x LITTLE THINGS WE LOVE

1. Chinatown
Short walk to a street full of flavour

2. State Library Victoria
Iconic building with a grand reading room

3. Emporium Melbourne
Next door to all your favourite brands

Disclaimer:
Little Real Estate has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Little Real Estate toward the recipient with regard to the use of this information and all information given is given without responsibility.

Property History for 505/250 Elizabeth St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$268,000
29 Mar 2024
  • 29 Mar 2024
    Sold for $268,000
  • 21 Feb 2024
    Listed for Sale $299,500
  • 24 Jun 2002
    Sold for $215,400

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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 61,354 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.
There are currently 301 properties listed for sale, and 261 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2070 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.