SOLD
Sold on 23 May 2024 for $410,000

505/318 Little Lonsdale Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 58m2
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Property Details for 505/318 Little Lonsdale St, Melbourne

505/318 Little Lonsdale St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. The property has a floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
2001
Floor Size
58m2
Local Government
Melbourne
Lot/Plan
505/PS413674

Last Listing description (July 2024)

Ready and waiting for you is this perfect city pad on the 5th floor of Elm Tower. Owning a brilliant location right in the heart of the city, this dream one-bedroom property gives you a very low-maintenance design and access to the best the CBD has to offer!

The ultimate opportunity for CBD professionals, investors, or first-home buyers
looking to snare a prized city pad

Love the easy design and natural light that enhances the charming living and meals zone
The living area opens out to a superb and large balcony where you can get fresh air while truly absorbing the pulsating city vibes
Functional kitchen comes with a breakfast bar and quality appliances
Bedroom delivers mirrored built-in robe storage and balcony access
Tasteful bathroom promises laundry facilities
Ducted heating
Secure intercom entry
Secure car space

AMENITIES
Residents of Elm Tower will have access to a heated pool, spa, and gymnasium.

LOCATION
In the heart of the city, within the free tram zone, this property has you near excellent restaurants and bars including on the nearby Hardware Lane, Queen Victoria Market for all your fresh fruit and veggies, Flagstaff Gardens, Victoria University, State Library of Victoria, Melbourne Central with train station.

All information including the internal and external property area (floor size, address, and general property description) on the website has been provided to Lucas Real Estate by third parties.
Information contained on the website should not be relied upon and homebuyers are encouraged to undertake due diligence before a property purchase.

Please contact Thomas Tregonning on 0413 317 304 or Cherie Tomkins on 0490 816 760 to discuss this property further.

Property History for 505/318 Little Lonsdale St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$410,000
23 May 2024
Listed for Rent
$440/w
10 Nov 2022
  • 23 May 2024
    Sold for $410,000
  • 30 Jan 2024
    Listed for Sale $390,000 - $429,000
  • 26 Oct 2022
    Listed for Rent $440 / 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 61,356 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 303 properties listed for sale, and 268 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2076 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.