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5602/442 Elizabeth Street, Melbourne$690,000

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5602/442 Elizabeth Street

Melbourne, VIC 3000, Australia

$690,000

2 bed 1 bath

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Listing description

About this property

Discover modern city living at its finest with this stunning 2-bedroom, 1-bathroom apartment located at 5602 / 442 Elizabeth Street, Melbourne. Situated in the vibrant heart of the city, this property offers the perfect blend of convenience and luxury. Boasting a contemporary design and sleek finishes, this apartment is ideal for those seeking a cosmopolitan lifestyle. The open-plan layout creates a sense of space and light, while the bedrooms provide a peaceful retreat from the bustling city below. Enjoy breathtaking views of Melbourne's skyline from the comfort of your own home. This apartment is perfect for professionals, couples, or investors looking to secure a premium property in one of Melbourne's most sought-after locations. Don't miss this opportunity to experience the best of city living in this stylish and modern apartment. Contact us today to arrange a viewing and make this urban oasis your new home.

Property Details

Property Type: apartment
Listing Type: Sold
Bedrooms: 2
Bathrooms: 1
Listed: 3 months ago

Repayment calculator

$3,345/month

$1,673 /fortnight

Loan $552,000 at 6.10% over 30 years

Upfront costs

Deposit$138,000

Stamp duty$36,470

Conveyancing (est.)$2,000

Total upfront$176,470

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 53% above the $450,000 median of 77 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) — 193 m away
Kicks Bottle Shop — 9 m away
Unnamed — 192 m away
Unnamed — 265 m away
Unnamed — 345 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.

Due diligence

Property Report

Flood Risk

Complete

Medium flood risk

None

Low

Medium

High

Flood zone

Land Subject to Inundation Overlay (LSIO) / Severe Flood Hazard Overlay (SBO) – Yarra River and tributaries

Melbourne properties vary significantly by location. Inner-city and riverside suburbs (Southbank, Docklands, Hawthorn, Kew, Abbotsford) experience medium flood risk from Yarra River and Maribyrnong River inundation, particularly during high rainfall events. Most affected properties fall within LSIO or SBO overlays, requiring strict planning compliance and elevated construction standards. Outer suburbs typically face lower risk unless adjacent to creeks or drainage systems.

Planning controls

Compliance with VIC Planning Scheme Clause 44.03 (LSIO) requiring flood-compatible development and freeboard requirements
Mandatory flood risk assessment and engineering certification for new buildings in LSIO areas
Restrictions on basement/below-ground development and requirements for habitable floor levels above the probable maximum flood level
Melbourne Water floodplain management overlay requirements and referral obligations for vulnerable uses

Source: StMate AI — VIC flood overlays06/05/2026

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.

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