Home/Properties/Melbourne/2508/442 Elizabeth Street
2508/442 Elizabeth Street, Melbourne$420,000
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For Saleapartment

2508/442 Elizabeth Street

Melbourne, VIC 3000, Australia
$400,000 – $440,000
1 bed 1 bath 1 car5 ha

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• Spacious 1-bedroom, 1-bathroom apartment with secure car space • Estimated rental return of $740 per week • Fully furnished and ready for immediate rental income or future move-in • Unique and flexible layout with custom divider creating the potential for a second bedroom, study or home office • Enhanced separation between kitchen and living areas for improved privacy and comfort • Open-plan living and dining area with modern finishes • Floor-to-ceiling windows providing excellent natural light • Well-sized bedroom with built-in robes and balcony access • Access to premium Lighthouse facilities including a 25-metre indoor lap pool, sauna, steam room, fully equipped gymnasium, entertaining kitchen and bar area, and complimentary bicycle storage • Secure building with intercom access Welcome to 2508/442 Elizabeth Street, Melbourne - a rare opportunity to secure a versatile and high-performing apartment in one of Melbourne CBD's most sought-after residential towers. Perfectly positioned within the iconic Lighthouse Melbourne development, this fully furnished residence offers the ideal combination of lifestyle, flexibility and investment appeal. Whether you're an investor seeking strong rental returns or a future owner-occupier looking to enjoy the convenience of city living, this apartment presents exceptional value. Designed with practicality in mind, the apartment features a unique and flexible layout, enhanced by a custom divider that creates the potential for a second bedroom, home office or study area. The divider also provides greater separation between the kitchen and living zones, helping to minimise cooking odours and improve overall comfort. Floor-to-ceiling windows allow an abundance of natural light to flow throughout the apartment, while the open-plan living and dining area creates a welcoming space to relax or entertain. The generously sized bedroom features built-in robes and direct balcony access, while the modern kitchen is equipped with quality finishes and ample storage. Currently leased and fully furnished, the property offers immediate income with an estimated rental return of $740 per week, making it an attractive option for investors looking for strong cash flow in a prime CBD location. Enjoy unparalleled convenience with Melbourne's best amenities right at your doorstep: • Queen Victoria Market • Melbourne Central & QV Shopping Centre • RMIT University • University of Melbourne • State Library Victoria • Free Tram Zone • Cafés, restaurants and everyday amenities Combining strong rental returns, a flexible floorplan, secure car parking and an unbeatable location, this is an outstanding opportunity to secure a quality apartment in the heart of Melbourne CBD. For more information or to arrange an inspection, please contact Jolene Tan on 0466 366 041 today.

Property Details

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

Repayment calculator

$2,036/month
$1,018 /fortnight
Loan $336,000 at 6.10% over 30 years

Upfront costs

Deposit$84,000
Stamp duty$20,270
Conveyancing (est.)$2,000
Total upfront$106,270
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 1-bedroom apartment in Melbourne, VIC 3000 sits within reach of public transport, local shops and nearby schools. It is listed 7% below the $450,000 median of 76 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

  • Stop 7: Queen Victoria Market (tram)193 m away
  • Kicks Bottle Shop9 m away
  • Unnamed192 m away
  • Unnamed265 m away
  • Unnamed345 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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Melbourne price trend

Median sold · Unit 1 bed

Compound growth -0.5% / yr over 4 yrs

$393kcurrent median

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