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509/70 Queens Road, Melbourne$630,000
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Soldapartment

509/70 Queens Road

Melbourne, VIC 3004, Australia
$630,000
2 bed 2 bath 1 car

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About this property

Perfectly positioned on sought-after Queens Road, this impressive apartment enjoys a prime location directly opposite the lush surrounds of Albert Park. Whether it's a relaxing lakeside stroll or a round of golf at the renowned Albert Park Golf Course, the lifestyle on offer here is second to none. Designed for comfort and easy living, the residence features two well-proportioned bedrooms, both complete with built-in robes. A spacious lounge flows seamlessly through to the kitchen and meals area, complemented by a gas cooktop, electric oven, and ample storage. The apartment also includes two bathrooms, a separate laundry, and the added convenience of reverse cycle heating and cooling throughout. Secure parking for one vehicle is provided. Step out onto the private balcony and take in uninterrupted views across Albert Park Lake - the perfect setting to unwind while enjoying stunning sunsets over the bay. A truly unique highlight is the ability to experience the excitement of the Australian Grand Prix from the comfort of your own home. Located just moments from Melbourne CBD, the Melbourne Sports and Aquatic Centre and only a short drive to the vibrant St Kilda foreshore, you'll have an abundance of lifestyle, dining, and recreational options at your doorstep. DISCLAIMER: Scheduled Open for Inspection times may be changed and/or cancelled at any moment without notice.

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
2
Bathrooms
2
Parking
1
Listed
2 months ago

Repayment calculator

$3,054/month
$1,527 /fortnight
Loan $504,000 at 6.10% over 30 years

Upfront costs

Deposit$126,000
Stamp duty$32,870
Conveyancing (est.)$2,000
Total upfront$160,870
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 3004 sits within reach of public transport, local shops and nearby schools. It is listed 3% above the $612,500 median of 65 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)3.7 km away
  • Rapha4.7 km away
  • Market Street Park4.1 km away
  • Unnamed4.2 km away
  • Unnamed4.5 km 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.

Due diligence

Property Report

Future Development

Complete

Melbourne's development activity is dominated by major infrastructure investment (Metro Tunnel), large-scale urban renewal precincts (Fishermens Bend, Southbank), and continued high-density residential development in the CBD and inner suburbs. The city is experiencing significant transformation with mixed-use projects and residential infill across inner-north and inner-west areas, supported by state and local government planning frameworks.

Nearby projects

6

Closest

0 km

Melbourne Metro Tunnel Project

1.3km2.5km3.8km5kmMelbourne Metro Tunnel Project — 0.0 kmCBD South Bank Residential Development — 2.0 kmSouthbank Precinct Renewal — 2.0 kmFishermens Bend Urban Renewal Precinct — 3.0 kmResidential Infill - Brunswick East/Fitzroy North — 4.0 kmAlbert Road Precinct Mixed-use Development — 5.0 km

Distance from this property is exact (rings = km). Direction is illustrative.

Melbourne Metro Tunnel Project

0 km
InfrastructureUnder construction

Major underground rail infrastructure connecting Melbourne's CBD with significant station upgrades at Anzac, Parkville, and CBD locations.

2025

0 m

CBD South Bank Residential Development

2 km
Apartment buildingUnder construction

Multiple high-rise residential towers in the South Bank precinct with mixed-use retail and commercial components.

2026

2.0 km

Southbank Precinct Renewal

2 km
Mixed-useProposed

Extended urban renewal with cultural institutions, residential apartments, and public realm improvements along the Yarra River.

2028

2.0 km

Fishermens Bend Urban Renewal Precinct

3 km
Mixed-useUnder construction

Large-scale precinct transformation with residential towers, employment hubs, and public open space across 240 hectares in inner-west Melbourne.

2030

3.0 km

Residential Infill - Brunswick East/Fitzroy North

4 km
Residential subdivisionApproved

Multiple medium-density residential developments and townhouse projects in inner-north suburbs responding to growth demand.

2025

4.0 km

Albert Road Precinct Mixed-use Development

5 km
Mixed-useUnder construction

Commercial and residential redevelopment in South Melbourne integrating office space, apartments, and retail.

5.0 km
Source: StMate AI — VIC development trends06/05/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

Melbourne price trend

Median sold · Unit 2 bed

Compound growth -2.4% / yr over 4 yrs

$633kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Melbourne market

This listing

Price history

Price history

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