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199/28 Little Lonsdale Street, Melbourne$599,000
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199/28 Little Lonsdale Street

Melbourne, VIC 3000, Australia
$599,000
2 bed 1 bath 1 car80 m²

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Listing description

About this property

Perfectly positioned in Melbourne's vibrant theatre precinct, yet quietly set within a resort-style complex, this renovated apartment offers a rare combination of space, lifestyle and inner-city convenience. Delivering over 80m² (approx.) of internal living, the layout is well considered with clear separation between living and accommodation zones, enhanced by excellent natural light and cross-ventilation. Both bedrooms are generously proportioned with built-in robes, while the central bathroom has been thoughtfully renovated, featuring excellent storage and a full-sized bath. The modern kitchen offers gas cooking, ample bench space and dishwasher integration, designed for easy everyday living. What sets this property apart is the lifestyle offering. Residents enjoy resort-style facilities including a swimming pool, tennis court and gymnasium - a level of amenity increasingly hard to find at this price point in the CBD. Positioned moments from the Royal Exhibition Building, Fitzroy Gardens and Treasury Gardens, and surrounded by Melbourne's best dining, theatres and cafes, this is a location that consistently holds long-term appeal for both owners and tenants. Additional features include secure car parking, on-site building management, and quality finishes throughout. A well-balanced apartment offering space, amenity and location - and importantly, genuine value in today's market for buyers who recognise opportunity when they see it.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
1
Land Area
80 m²
Listed
2 months ago

Repayment calculator

$2,904/month
$1,452 /fortnight
Loan $479,200 at 6.10% over 30 years

Upfront costs

Deposit$119,800
Stamp duty$31,010
Conveyancing (est.)$2,000
Total upfront$152,810
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Melbourne

This 2-bedroom apartment in Melbourne, VIC 3000 sits within reach of public transport, local shops and nearby schools. It is listed 38% above the $435,000 median of 82 comparable apartmentswithin 5 km.

Schools near Melbourne

  • Eltham College - Lonsdale Street Campuscombined
  • Melbourne Grammar Schoolcombined · Prep-12 · CoEd
  • Melbourne Grammar School - Wadhurst Campuscombined
  • Victorian College For The Deafcombined · U · CoEd
  • Wesley Collegecombined · Prep-12 · CoEd
  • Holmes Grammar Schoolsecondary · 11-12

What's nearby

  • Melbourne Central rail replacement stop (bus)636 m away
  • 7-Eleven815 m away
  • Wesley Place Urban Park261 m away
  • Unnamed422 m away
  • Eight Hour Reserve470 m away

Melbourne at a glance

Full suburb profile
Population
54,941
Median age
29
Household income
$1,448/wk
Median rent
$381/wk
Median mortgage
$1,800/mo

Source: ABS Census.

Due diligence

Property Report

Future Development

Complete

Melbourne's CBD and inner suburbs are experiencing significant transformation driven by the Metro Tunnel project, major urban renewal precincts like Fishermens Bend and Docklands, and intensified residential development. The CBD fringe and waterfront areas show strong development pressure with mixed-use and residential projects at various stages of approval and construction. Infrastructure investment is creating development catalysts across the metropolitan area, with completion of major transport projects expected through 2025-2030.

Nearby projects

6

Closest

0 km

Melbourne Metro Tunnel Project

1.3km2.5km3.8km5kmMelbourne Metro Tunnel Project — 0.0 kmCBD Fringe Residential Intensification — 1.0 kmSouthbank Precinct Residential Tower — 2.0 kmFishermens Bend Urban Renewal Precinct — 3.0 kmDocklands Mixed-Use Development — 3.0 kmAirport Rail Link Extension — 5.0 km

Distance from this property is exact (rings = km). Direction is illustrative.

Melbourne Metro Tunnel Project

0 km
InfrastructureUnder construction

Major underground rail loop connecting key CBD stations, transforming transport capacity and unlocking surrounding development opportunities.

2025

0 m

CBD Fringe Residential Intensification

1 km
Residential subdivisionApproved

Multiple smaller infill residential and conversion projects in inner-city suburbs capitalizing on proximity to public transport and employment.

2026

1.0 km

Southbank Precinct Residential Tower

2 km
Apartment buildingApproved

High-rise residential development adding approximately 300-400 apartments in the established Southbank cultural precinct.

2027

2.0 km

Fishermens Bend Urban Renewal Precinct

3 km
Mixed-useUnder construction

Large-scale urban renewal converting industrial land to residential, commercial and mixed-use development with projected 10,000+ new residents.

2030

3.0 km

Docklands Mixed-Use Development

3 km
Mixed-useUnder construction

Waterfront mixed-use precincts combining residential, retail, office and hospitality uses across multiple stages.

2028

3.0 km

Airport Rail Link Extension

5 km
InfrastructureProposed

Planned rail infrastructure to improve airport connectivity, expected to catalyze surrounding residential and commercial development.

2029

5.0 km
Source: StMate AI — VIC development trends07/06/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

Melbourne price trend

Median sold · Unit 2 bed

Compound growth -2.4% / yr over 4 yrs

$633kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Melbourne market

This listing

Price history

Price history

Listing price changes

2 price changes recorded for this property

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