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408/500 Flinders Street, Melbourne$199,000
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408/500 Flinders Street

Melbourne, VIC 3000, Australia
$199,000
1 bath

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About this property

Positioned in the heart of Melbourne's CBD, this well-presented studio apartment offers an outstanding opportunity to secure an affordable city home or a smart investment in one of Melbourne's most connected locations. Whether you're entering the market, expanding your portfolio or searching for a convenient city base, this is a lifestyle defined by accessibility and everyday convenience. Designed to make the most of its approximately 23sqm floorplan, the apartment features an open-plan living, dining and sleeping zone complemented by a functional kitchen and a well-appointed bathroom. The practical layout creates a comfortable, low-maintenance space that's easy to enjoy while offering strong appeal for both owner-occupiers and investors. Located at 500 Flinders Street, Melbourne, you'll have the very best of the city at your doorstep. Walk to Flinders Street Station, free city trams, Southbank, Crown Entertainment Complex, riverside dining, supermarkets, universities and Melbourne's renowned café and restaurant scene. Everything you need for work, study and leisure is only moments away. Property Highlights · Studio apartment · One bathroom · Approximately 23sqm internal area · Functional open-plan living and bedroom layout · Practical kitchen with ample storage · Low-maintenance city living · Ideal first home, city base or investment · Walking distance to Flinders Street Station · Close to Southbank, Crown, cafés, restaurants and everyday amenities · Easy access to public transport, universities and Melbourne's business precinct Outgoings (approx.) · Owners Corporation: $2,986 per annum · Council Rates: $565 per annum · Water Rates: $722 per annum Rental Return · $450 per week

Property Details

Property Type
studio
Listing Type
For Sale
Bathrooms
1
Listed
1 week ago

Repayment calculator

$965/month
$482 /fortnight
Loan $159,200 at 6.10% over 30 years

Upfront costs

Deposit$39,800
Stamp duty$7,010
Conveyancing (est.)$2,000
Total upfront$48,810
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 studio in Melbourne, VIC 3000 sits within reach of public transport, local shops and nearby schools. It is listed 60% below the $497,500 median of 63 comparable studioswithin 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)666 m away
  • Rapha981 m away
  • Market Street Park320 m away
  • Unnamed622 m away
  • Unnamed696 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

Suburb price trend

Melbourne price trend

Median sold · Unit 1 bed

Compound growth -0.8% / yr over 4 yrs

$345kcurrent median

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Price history

Listing price changes

1 price change recorded for this property

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