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505/591 Elizabeth Street, Melbourne$145,000
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For Saleapartment

505/591 Elizabeth Street

Melbourne, VIC 3000, Australia
$145,000
1 bed 1 bath

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About this property

Moments from the best Melbourne has to offer, this fully furnished 1 bedroom student-accommodation apartment captures the very essence of a vibrant city lifestyle. Venture downstairs and take an easy stroll to Queen Victoria Market, the hospitals precinct, world-class universities, Lygon Street restaurants, shopping choice, world-class universities, the free tram zone, and Parkville Railway Station. Discover air-conditioned comfort throughout an open layout with sunlit space for living and dining, underpinned by a streamlined kitchen graced with a tiled splashback, fridge, microwave, and a gas cooktop. Elevated to perfection on the fifth floor, step outside to a sheltered east-facing balcony with relaxing views sweeping over Elizabeth Street treetops. A private bedroom is serviced by a sparkling bathroom featuring a large mirror, storage capability, and a walk-in shower. Hit the ground running with a stylish selection of furniture on display including a comfortable bed with room for storage underneath, a desk and chair, wall-mounted Hisense television, and coffee and bedside tables. Take advantage of split-system heating and cooling, roller blinds, recessed down-lighting, a shared laundry, bicycle storage, lift access, intercom security, and an outdoor entertaining area for all residents. Set in a sought-after, student-only accommodation block, pocket the savings today! Outgoings: Council Rates: $129.54 per quarter approx. Water Rates: $184.26 per quarter approx. Owners Corporation Fees: $680.69 per quarter approx. Rental Income: $1608 per month (fixed term lease till May 2027) * Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Listed
3 months ago

Repayment calculator

$703/month
$351 /fortnight
Loan $116,000 at 6.10% over 30 years

Upfront costs

Deposit$29,000
Stamp duty$3,770
Conveyancing (est.)$2,000
Total upfront$34,770
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 62% 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
  • Supercut422 m away
  • Courtney Street Reserve234 m away
  • Bedford Street Reserve310 m away
  • Unnamed365 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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