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24/53 Powlett Street, East Melbourne$465,000
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24/53 Powlett Street

East Melbourne, VIC 3002, Australia
$465,000
1 bed 1 bath 1 car

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About this property

Perfectly positioned within one of East Melbourne's most tightly held and prestigious pockets, Regents Gate sits amongst elegant heritage streetscapes and leafy surrounds, a setting that defines the very best of inner-city living. This East Melbourne pied-a-terre offers an effortless lifestyle in an exceptional location. Designed in 1939 by architect Bernard Evans, who served as Lord Mayor of Melbourne in 1959 and 1960, Regents Gate comprises twenty-four apartments across two symmetrical three-storey wings arranged around a lush central garden. Subtle Art Deco detailing and balanced proportions give the building a timeless presence, with these design cues carried from exterior to interior. Thoughtfully designed and larger than a typical studio, it opens with a separate entry hall with built-in storage. A full bathroom follows, with a shower over bath and integrated laundry, while the refreshed kitchen features an electric cooktop and generous cabinetry, maintaining the apartment's original character. The light-filled living and sleeping space is generous and versatile, with a defined alcove for the bed. Original Art Deco features remain throughout, including a decorative fireplace, chandelier, distinctive windows and French doors. These open to a leafy balcony outlook, creating a calm, private retreat. The location is equally compelling: just one block from Fitzroy Gardens, and a 15-minute walk to the cafés, restaurants and boutiques of Spring Street and the Paris end of Collins Street. Jolimont is close by, while Collingwood's vibrant cafés and the celebrated Gertrude and Smith Street precincts are within 15-20 minutes on foot, with Bridge Road also nearby. The MCG, Melbourne Park and the wider sporting precinct are all within easy reach, along with the Yarra River and the Royal Botanic Gardens. East Melbourne itself offers a rare balance: a refined residential enclave with local cafés and quiet restaurants, yet moments from some of the city's most vibrant cultural precincts. An allocated parking space is included, along with eligibility for two residential permits.

Property Details

Property Type
studio
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Parking
1
Listed
2 months ago

Repayment calculator

$2,254/month
$1,127 /fortnight
Loan $372,000 at 6.10% over 30 years

Upfront costs

Deposit$93,000
Stamp duty$22,970
Conveyancing (est.)$2,000
Total upfront$117,970
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 East Melbourne

This 1-bedroom studio in East Melbourne, VIC 3002 sits within reach of public transport, local shops local amenities. It is listed 36% below the $730,000 median of 64 comparable studioswithin 5 km.

What's nearby

  • West Richmond Railway Station/Hoddle Street (bus)446 m away
  • East Melbourne Cellars56 m away
  • Unnamed385 m away
  • Darling Square404 m away
  • Powlett Reserve415 m away

East Melbourne at a glance

Full suburb profile
Population
4,896
Median age
42
Household income
$2,345/wk
Median rent
$480/wk
Median mortgage
$2,383/mo

Source: ABS Census.

Due diligence

Property Report

Heritage & Conservation

Complete
Heritage listedConservation area

East Melbourne is a prestigious inner-city heritage suburb with extensive Victorian-era mansions, terraces and churches. The entire suburb is within a Heritage Overlay, with numerous state-significant properties and a strong conservation character. Development is heavily restricted to protect the suburb's late 19th-century residential and ecclesiastical heritage.

Restrictions

  • Mandatory heritage permit required for exterior alterations and additions
  • Strict controls on demolition of heritage buildings
  • Front fence and garden setting must be preserved
  • Original architectural features (windows, doors, chimneys) must be retained or appropriately matched

Nearby heritage items

Cliveden MansionsLocal
200 m
Tasma TerraceState
300 m
All Saints ChurchState
400 m
BishopscourtState
500 m
St. Peter's ChurchState
600 m
250m500m750m1kmCliveden Mansions — 0.2 kmTasma Terrace — 0.3 kmAll Saints Church — 0.4 kmBishopscourt — 0.5 kmSt. Peter's Church — 0.6 km

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

Source: StMate AI — VIC heritage registers06/06/2026
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

East Melbourne price trend

Median sold · House 3 bed

Compound growth -2.8% / yr over 4 yrs

$2.88mcurrent median

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

Full East Melbourne market

This listing

Price history

Price history

Listing price changes

1 price change recorded for this property

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Within 5km

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