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813/408 Lonsdale Street, Melbourne$210,000
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For Saleapartment

813/408 Lonsdale Street

Melbourne, VIC 3000, Australia
$210,000
1 bath

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About this property

Positioned high on the eighth floor of the iconic 408 Lonsdale Street building, this oversized studio apartment delivers an outstanding opportunity to secure an affordable city residence or high-yield investment in one of Melbourne's most connected CBD locations. Designed for effortless inner-city living, the apartment features a generous open-plan layout with a clearly defined living and dining zone alongside a well-appointed kitchen with ample bench space. A spacious bedroom/living area enjoys excellent natural light, while the functional floorplan is complemented by a central bathroom, built-in-robes at the entry, and the convenience of secure building access. Originally constructed as Melbourne's former AMP Building before being thoughtfully converted into residential apartments, the landmark complex is renowned for its solid construction and enduring appeal. The building's heritage character adds a unique sense of place rarely found in modern developments. The location is second to none. Step outside and you're moments from Melbourne Central, Emporium, Queen Victoria Market, Flagstaff Gardens, RMIT University, Melbourne University, Chinatown, Bourke Street Mall and the city's major legal and financial precincts. Multiple tram routes, Flagstaff Station and Melbourne Central Station are all within easy walking distance, making daily commuting effortless. Whether you're seeking a low-maintenance city home, a convenient student base, or an investment in a consistently sought-after rental pocket, this well-proportioned apartment offers exceptional value in a tightly held CBD address. With strong rental demand driven by its proximity to universities, transport and employment hubs, 408 Lonsdale Street continues to attract both owner-occupiers and investors looking to capitalise on Melbourne's vibrant city lifestyle.

Property Details

Property Type
apartment
Listing Type
For Sale
Bathrooms
1
Listed
3 weeks ago

Repayment calculator

$1,018/month
$509 /fortnight
Loan $168,000 at 6.10% over 30 years

Upfront costs

Deposit$42,000
Stamp duty$7,670
Conveyancing (est.)$2,000
Total upfront$51,670
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 apartment in Melbourne, VIC 3000 sits within reach of public transport, local shops and nearby schools. It is listed 58% below the $500,000 median of 74 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

  • Hardware Lane/Lonsdale Street (bus)21 m away
  • Rapha146 m away
  • Unnamed438 m away
  • Unnamed448 m away
  • Unnamed452 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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