199/28 Little Lonsdale Street
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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
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Upfront costs
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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-Eleven — 815 m away
- Wesley Place Urban Park — 261 m away
- Unnamed — 422 m away
- Eight Hour Reserve — 470 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.
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Property Report
Flood Risk
None
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Medium
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Flood zone
Land Subject to Inundation Overlay (LSIO) / Floodway Overlay (FO) – Yarra River and tributaries
Melbourne's flood risk is primarily associated with the Yarra River, its tributaries (Moonee Ponds Creek, Maribyrnong River), and localised flood-prone areas. Many inner-city and riverside suburbs fall within LSIO or FO overlays, particularly in the Southbank, Docklands, Collingwood, and Abbotsford precincts. Risk varies significantly by location; properties outside mapped overlays typically face low to negligible flood risk, while those within overlays must satisfy strict planning controls and may face constraints on development and insurance availability.
Planning controls
- Compliance with VIC planning scheme overlays (LSIO/FO); floor levels typically must be above the 1% AEP flood level
- Flood risk assessment and detailed site-specific hydrological studies required for development in overlay areas
- Restrictions on fill and earthworks; building design standards to accommodate flood waters or maintain freeboard
- Management and maintenance of flood mitigation infrastructure (levees, detention basins, drainage systems)
Suburb market
Suburb price trend
Melbourne price trend
Median sold · Unit 2 bed
Compound growth -2.4% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Melbourne marketThis listing
Price history
Price history
Listing price changes
2 price changes recorded for this property
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