SOLD
Sold on 03 Sep 2024 for $315,000

BASEMENT/296 Flinders Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: -
Car spaces: -
Floor area: 52m2
Land area: 506m2
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Property Details for Basement/296 Flinders St, Melbourne

Basement/296 Flinders St, Melbourne is a 1 bedroom, 0 bathroom Unit and was built in 1860. The property has a land size of 506m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.

Building Type
Unit
Year Built
1860
Floor Size
52m2
Land Size
506m2
Local Government
Melbourne
Lot/Plan
1/PS433279

Last Listing description (March 2022)

Ground floor Shop 4, 296 Flinders Street, Melbourne.

Located on the north eastern corner of Elizabeth and Flinders Street. This corner has one of Melbourne's highest foot traffic counts with commuters coming and going from Flinders Street Station the major Elizabeth Street tram stop.

Rendina Real Estate is pleased to present this ground floor retail tenancy of 65 sqm approx. The property is close to Melbourne's renowned CBD laneways bursting with trendy cafes and is within walking distance to Collins Street, Bourke Street Mall, Federation Square and Southbank's entertainment precinct. Other nearby retailers also include Liquorland, KFC, Sushi Hub, King Tea, Shujinko Ramen and Walker's Doughnuts

Property History for Basement/296 Flinders St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$315,000
03 Sep 2024
Listed for Rent
$575/w
28 Mar 2022
  • 03 Sep 2024
    Sold for $315,000
  • 12 Aug 2024
    Sold for $326,999
  • 04 Mar 2024
    Sold for $335,000
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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 60,845 properties. Over the last 5 years, Houses in Melbourne have seen a 12.01% increase in median value, while Units have seen a -3.92% decrease. As at 31 October 2024:

  • The median value for Houses in Melbourne is $1,371,910 while the median value for Units is $452,109.
  • Houses have a median rent of $580 while Units have a median rent of $650.
There are currently 356 properties listed for sale, and 308 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 2144 properties were sold in the past 12 months in Melbourne.

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