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557 Little Lonsdale Street, Melbourne$375,000
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For Saleapartment

557 Little Lonsdale Street

Melbourne, VIC 3000, Australia
$360,000 – $390,000
2 bed 1 bath50 m²

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About this property

Now is the ideal time to invest in Melbourne CBD. Unit 301 - 2bed, size approx 50.1sqm, price guide $385,000 to $415,000 This centrally located apartment offers an exceptional opportunity for both first-time buyers and savvy investors seeking a blend of affordability, practicality, and convenience. Situated in the heart of Melbourne, this apartment boasts ample natural light streaming through floor-to-ceiling windows in a low-maintenance building. Here's what awaits you: Option 1: Personal Residence Enjoy unparalleled convenience with universities, train stations, restaurants, cafes, shops, markets, parks, hospitals, stadiums, and theatres all within walking distance or a short tram ride away. Indulge in first-class dining and entertainment with Queen Victoria Market, Melbourne Central, Chinatown and Carlton Gardens just a stone's throw away. Option 2: High-Yield Investment Maximize your returns with rental potential: 1-bedroom unit rent appraised at $500-$550 per week 2-bedroom unit rent appraised at $600-$660 per week Option 3: Holiday Home with Income Use the property as your personal holiday retreat and capitalize on Airbnb during peak seasons for additional income. Melbourne consistently ranks as one of the world's most liveable cities, renowned for its thriving business environment, vibrant arts and culture scene, top-tier educational institutions, and extensive sports facilities. Seize this opportunity now Melbourne awaits with its unbeatable lifestyle and investment potential. Don't miss out on securing your place in this dynamic city. (PHOTO ID REQUIRED AT OPEN FOR INSPECTION) NOTE: Link for Due Diligence Checklist: http://www.consumer.vic.gov.au/duediligencechecklist Disclaimer: All dimensions, sizes & layout are approximate and for illustrative purposes only. The producer or agent cannot be held responsible for any errors, omissions or misstatements.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Land Area
50 m²
Listed
3 months ago

Repayment calculator

$1,818/month
$909 /fortnight
Loan $300,000 at 6.10% over 30 years

Upfront costs

Deposit$75,000
Stamp duty$17,570
Conveyancing (est.)$2,000
Total upfront$94,570
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 28% below the $518,000 median of 70 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 3: Flagstaff Station (tram)205 m away
  • EzyMart405 m away
  • Unnamed99 m away
  • Unnamed170 m away
  • Angliss Rain Garden253 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 2 bed

Compound growth -2.4% / yr over 4 yrs

$633kcurrent median

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Price history

Price history

Listing price changes

1 price change recorded for this property

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