24/53 Powlett Street
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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
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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 Cellars — 56 m away
- Unnamed — 385 m away
- Darling Square — 404 m away
- Powlett Reserve — 415 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
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
Distance from this property is exact (rings = km). Direction is illustrative.
Suburb market
Suburb price trend
East Melbourne price trend
Median sold · House 3 bed
Compound growth -2.8% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full East Melbourne marketThis listing
Price history
Price history
Listing price changes
1 price change recorded for this property
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