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308/551 Flinders Lane, Melbourne$420,000

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For Saleapartment

308/551 Flinders Lane

Melbourne, VIC 3000, Australia

$400,000 – $440,000

2 bed 1 bath 1 car

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About this property

Positioned in one of Melbourne's most sought-after CBD locations, this modern 2-bedroom, 1-bathroom, 1-car space apartment presents an outstanding opportunity for both owner-occupiers and savvy investors. Offering a functional floorplan, light-filled interiors, and the convenience of secure car parking, this apartment delivers the ultimate inner-city lifestyle. Enjoy being moments from Melbourne's renowned cafés, restaurants, shopping precincts, public transport, and the vibrant Southbank waterfront. Property Features: * 2 spacious bedrooms with built-in robes * Modern bathroom with quality finishes * Open-plan living and dining area * Well-appointed kitchen with ample storage * Secure car space * Prime Melbourne CBD location Investment Highlights: * Currently leased at $850 per week * Strong rental demand in a premium CBD position * Attractive return for investors seeking immediate income Whether you're looking to expand your investment portfolio or secure a stylish city residence, this is an opportunity not to be missed.

Property Details

Property Type: apartment
Listing Type: For Sale
Bedrooms: 2
Bathrooms: 1
Parking: 1
Listed: 2 weeks 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 2-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 58 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

Southgate Landing - Berth 1 (ferry) — 845 m away
Rapha — 1.0 km away
Market Street Park — 453 m away
Unnamed — 580 m away
Unnamed — 652 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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