406/591-593 Elizabeth Street
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About this property
An exceptional opportunity to secure a hassle-free investment in one of Melbourne's most sought-after student accommodation precincts. Ideally positioned at 406/591-593 Elizabeth Street, this fully furnished student accommodation apartment is currently leased at $385 per week ($1,673 per month), providing immediate rental income. Located in the heart of Melbourne's education hub, the property is within walking distance of RMIT University, The University of Melbourne, Melbourne Central, Queen Victoria Market and an array of public transport options, making it highly desirable for both domestic and international students. Thoughtfully designed to maximise space and functionality, the apartment offers a separate sleeping area with sliding doors, a dedicated study space and a practical kitchenette, creating the ideal environment for student living. Property Features: Currently leased at $385 per week ($1,673 per month) Fully furnished student accommodation apartment Separate bedroom area with sliding door for added privacy Built-in study desk and shelving Kitchenette with electric cooktop, bar fridge space and ample storage Modern bathroom Split system heating and cooling Secure building with intercom access Low-maintenance investment opportunity Location Highlights: Walking distance to The University of Melbourne and RMIT University Moments from Melbourne Central Shopping Centre and train station Opposite Queen Victoria Market Excellent tram and public transport access Surrounded by cafes, restaurants and everyday conveniences This property is purpose-built student accommodation and is an ideal addition to any investment portfolio. With a strong rental return and an unbeatable CBD location, it offers investors a secure and low-maintenance asset in Melbourne's thriving student accommodation market. Contact us today for further information or to arrange an inspection. Please note: This property is student accommodation and may only be occupied in accordance with the building's occupancy requirements. Images have been virtually staged for illustrative purposes.
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 1
- Bathrooms
- 1
- Listed
- 4 days 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 56% below the $344,500 median of 64 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) — 264 m away
- Supercut — 422 m away
- Courtney Street Reserve — 228 m away
- Bedford Street Reserve — 304 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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Melbourne price trend
Median sold · Unit 1 bed
Compound growth -0.8% / yr over 4 yrs
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1 price change recorded for this property
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