304/591 Elizabeth St
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About this property
A cleverly designed one-bedroom urban retreat that makes the most of every inch. Bright, fresh, and modern, this apartment offers a fully equipped kitchen with ample storage, sleek cabinetry, gas cooking, and a built-in microwave-perfect for easy everyday living. Currently leased the property has super strong return of $19,296 per year or 11.3% gross return. Together with low outgoings this offers a brilliant return on your investment. The open-plan layout flows seamlessly from the kitchen to the living and study area, featuring a dedicated workstation with built-in shelving and a sliding-door connection to your private balcony. Floor-to-ceiling glass draws in natural light, creating a sense of openness while still maintaining privacy. Whether you're working from home, relaxing, or entertaining, the space is thoughtfully set up for both comfort and practicality. The bedroom and bathroom continue the theme of smart design, with generous storage, a bright vanity area, and a crisp, fully tiled shower. Ideal for first-home buyers, investors, or anyone seeking a low-maintenance city base, this apartment blends functionality with style-all in a prime, walkable location close to transport, cafés, and everyday essentials. A compact home that truly overdelivers.
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 1
- Bathrooms
- 1
- Listed
- 3 months ago
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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 59% below the $385,000 median of 62 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) — 262 m away
- Supercut — 422 m away
- Courtney Street Reserve — 234 m away
- Bedford Street Reserve — 310 m away
- Unnamed — 365 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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Suburb market
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Melbourne price trend
Median sold · Unit 1 bed
Compound growth -0.8% / yr over 4 yrs
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Price history
Listing price changes
1 price change recorded for this property
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